To support PayUs growth plans in India for payments and fintech opportunities, we are seeking a Lead/Senior Lead - Compliance Testing & Monitoring with a strong background in payments and/or fintech. This role will be responsible for handling a variety of work involving Compliance Testing and Monitoring of the payments business.
The Compliance Testing and Monitoring Specialist will play a critical role in ensuring adherence to regulatory requirements issued by the Reserve Bank of India (RBI), NPCI, and other governing authorities.
The role involves executing periodic compliance reviews, identifying regulatory risks, and ensuring that PayU Payments Payment Aggregation (PA), Payment Aggregation Cross-border (PA-CB), Prepaid Payment Instrument (PPI), and Bharat Bill Pay System (BBPS) operations strictly comply with applicable laws, regulations, and internal policies.

Responsibilities:

Compliance Testing
- Upgrade and implement a risk-based compliance testing framework for PA, PPI, and BBPS businesses, aligned with regulatory guidelines
- Conduct periodic compliance reviews and testing of processes, policies, and Standard Operating Procedures (SOPs) to evaluate adherence to regulatory requirements
- Identify gaps, risks, and potential non-compliance issues and assess their impact on operations
- Provide structured reports on findings, including root-cause analysis and recommended corrective actions
Monitoring Activities
- Develop and execute an ongoing monitoring calendar to track compliance with regulatory obligations and internal requirements
- Monitor key processes such as KYC verification, transaction monitoring, merchant onboarding, grievance redressal mechanisms, and settlement timelines
- Keep track of any updates or changes in RBI, NPCI, and applicable regulatory guidelines and assess their implications for existing processes
Remediation and Follow-ups
- Collaborate with business teams to ensure identified compliance gaps are resolved within set timelines
- Follow up on action plans and track the implementation of mitigation measures
Stakeholder Engagement
- Coordinate with legal, risk, and operations teams to ensure compliance with regulatory requirements
- Support senior management with updates on emerging compliance issues and proposed mitigation steps
Reporting and Documentation
- Prepare detailed compliance testing and monitoring reports for internal stakeholders and regulatory audits
- Maintain documentation on compliance processes, ongoing controls, and test results for audit purposes
- Provide regular updates to the Compliance Committee on testing outcomes and regulatory risks

Requirements:

Bachelors/Masters degree in Legal, Finance, Risk Management, or a related field
Additional qualifications such as those in relation to AML will be a plus

Approximately 3-5 years of compliance experience in compliance, risk, or audit roles within the payments, fintech, or financial services sectors

Regulatory Knowledge: Strong understanding of regulatory guidelines applicable to the fintech/payments industry in India
Technical Expertise: Experience in executing compliance assurance frameworks or conducting audits
Data Analysis: Proficiency in data-driven monitoring tools and risk identification methodologies
Communication: Excellent analytical, report-writing, and communication skills
Collaboration: Ability to collaborate with cross-functional teams and meet deadlines in a fast-paced environment

Independent individual who enjoys working in an international, dynamic, and diverse environment
Strong attention to detail and ability to work independently
Proactive approach to identifying and resolving compliance issues

What we offer?

A positive, get-things-done workplace
A dynamic, constantly evolving space (change is par for the course important you are comfortable with this).
An inclusive environment that ensures we listen to a diverse range of voices when making decisions.
Ability to learn cutting edge concepts and innovation in an agile start-up environment with a global scale.
Access to 5000+ training courses accessible anytime/anywhere to support your growth and development (Corporate with top learning partners like Harvard, Coursera, Udacity)

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