Compliance Specialist

Role- Compliance Specialist

Location: Mumbai / Noida

Department: Compliance

Experience Required: 6-8 years

Role Overview

We are seeking a seasoned compliance professional to join our Compliance Department at Paytm Payments Bank. The ideal candidate will have deep expertise in regulatory compliance specific to payment banks, including hands-on experience in compliance testing, advisory functions, and policy/SOP reviews. The role demands a strong understanding of key regulatory circulars and guidelines issued by the Reserve Bank of India (RBI).

Key Responsibilities

Regulatory Compliance & Advisory

• Interpret and implement RBI circulars including: - Master Direction on KYC (MD KYC) - Licensing Guidelines for Payment Banks - Master Direction on Prepaid Payment Instruments (MD PPI) - Compliance Function and Chief Compliance Officer (CCO) Circular
• Provide compliance advisory to business units on new products, processes, and controls.
• Review and update internal policies and SOPs to ensure alignment with regulatory expectations.
• Conduct periodic compliance testing and risk assessments across business units.
• Monitor Key Compliance Indicators (KCIs) and identify potential breaches or non-compliance.
• Support root cause analysis and remediation planning for compliance issues.
• Lead the dissemination of regulatory updates and circulars to relevant departments.
• Ensure timely implementation of regulatory changes and track compliance status.
• Prepare and present compliance reports to senior management, Board, and Audit Committees.

Qualifications

• Postgraduate degree in Law/ Finance or Business Administration (MBA, CA preferred).
• Experience in banking compliance, preferably in a payment bank.
• Strong knowledge of RBI regulations and circulars applicable to payment banks.
• Excellent communication, analytical, and stakeholder management skills.

Preferred Skills

• Experience with regulatory audits and inspections.
• Familiarity with digital banking products and services.
• Proficiency in drafting and reviewing policies and SOPs.
• Ability to work cross-functionally and manage multiple priorities.