Job
Description
Neokred is a FinTech company based in Bangalore and an ISO 9001 | 27001, 27701 & 20000-1 certified firm in Information and Data Security. The company builds Consumer Tech for Financial Infrastructure stack to provide curated versions of embedded banking in the payment ecosystem. We've created a platform which enables Corporates, Banks, FinTechs, Retail Companies, and Start-ups to launch their own banking services or financial products, such as payment solutions, facilitating lending, virtual bank accounts, KYC and digital profiling for their customers or employees with the help of low code plug and play technology stack. BRIEF DESCRIPTION OF THE ROLE: We are seeking a Junior Risk and Compliance Associate . You will support the organization by helping to identify potential risks, assist in ensuring compliance with policies and regulations, and contribute to maintaining internal controls. To succeed in this role, you should be detail-oriented, have good organizational skills, and an interest in risk management and compliance. Your KRAs will include the following: Verify KYC and KYB documents manually using a predefined checklist. Address discrepancies in documents submitted by merchants and coordinate with the business team for corrections. Manage settlement account changes, MDR updates, and merchant settlement delays. Handle chargebacks, segregate disputes by merchant, and submit evidence to the bank within stipulated timelines. Conduct dispute assessments and resolve issues through refunds, adjustments, or stakeholder communication. Monitor merchant applications for suspicious activities, compliance issues, and proper VPA usage. Take corrective actions for non-compliant merchant activities, including disabling transactions and issuing warnings. Collect and document evidence for compliance investigations and regulatory needs. Conduct risk assessments and implement mitigation strategies to ensure adherence to RBI and other regulatory guidelines. Maintain accurate records of compliance audits and monitor ongoing compliance measures. Ensure clear communication with internal teams and external stakeholders such as banking partners and vendors, documenting all interactions. Prepare and submit reports summarizing monitoring activities, findings, and actions taken. Liaise with the legal and compliance teams for regulatory and risk-related matters. YOU SHOULD POSSESS: Strong knowledge of KYC/KYB processes and regulatory requirements. 1–2 years of relevant experience in managing settlements, chargebacks, and dispute resolution. Attention to detail and ability to identify compliance risks. Strong analytical and problem-solving skills. Excellent communication skills for coordinating with internal teams and external partners. Familiarity with RBI guidelines, other regulatory frameworks, and proficiency in using compliance and risk management tools.
