Compliance Manager

Compliance Manager

Location : Mumbai/ Gurgoan

About PayU

PayU is a global organisation providing cutting edge online and mobile payment services supported by innovative technological platforms, high functionality, stable development and a wide and constantly extended offering.

PayU Payments is the payments arm of the PayU brand which is part of Prosus group, one of the largest technology investors in the world. PayU's payment business comprises of payment aggregation, BBPS and issuance of prepaid payment instruments, in addition to several cutting-edge technology and value-added offerings to merchants and financial services providers.

Excited yet? Continue reading to find out more about the role:

 Role

To support PayU’s growth plans in India for payments and fintech opportunities, PayU is looking for a lead/senior lead- compliance with a background in payments and/or fintech. The role will be responsible for handling a variety of work involving compliance and regulatory aspects of the payments business.

 What you’ll be doing:

1. Providing support to the local compliance teams regarding the implementation of PayU’s strategies and policies.
2. Providing support with regard to mitigating compliance risks.
3. Providing support with drafting and implementing legal and regulatory risk compliance programs and hands on support to various business and operations functions in relation to compliance related issues.
4. Providing support to ensure that the PayU businesses in India comply with local and international payments legislations and regulations in addition to handling compliances relating to the payment aggregation including cross border, wallet (prepaid payment instruments), offline payments and BBPOU businesses.
5. Handling regulatory filings, maintaining regulatory correspondence and communications, and coordinating with regulatory authorities.
6. Liaison with RBI and other regulatory/government authorities on day-to-day matters, respond to communications, coordinating with officers in relation to periodical offsite/ onsite inspections of PayU group companies, etc.
7. Maintenance of compliance manuals on the basis of notifications / circulars issued by RBI and other regulatory authorities, from time to time.
8. Ensuring timely filing of various regulatory reportings applicable to the entity and maintaining MIS of returns filed.
9. Supporting product and compliance teams in complying with applicable regulations, guidelines, circulars including expert knowledge on PMLA and KYC norms.
10. Employee training or addressing queries on internal policies and regulatory norms.
11. Provide support in handling customer complaints, dealing with the nodal officer, ombudsman, etc. including escalations, as may be required.
12. Supporting on Compliance driven projects or measures to achieve compliance related organizational goals and thereby support in achieving organizational goals.
13. Such other matters as may be assigned by the seniors from time to time

 What are we looking for:

 The ideal candidate will be an independent individual with strong experience in payments/ fintech related compliance work who enjoys working in an international, dynamic, and diverse environment. A bachelor's degree is essential and a law degree or company secretarial qualification is a plus. Any additional qualifications such as those in relation to AML will be a plus.

The candidate must demonstrate:

 Approximately at least 8-10 years of compliance experience in payments/ fintech.

1. Expertise in regulations concerning payments and fintech businesses.
2. Ability to conduct research and form views across different legislations and regulations governing various sectors in India.
3. Experience in local and international legislative initiatives such data protection, sanctions, FATF and AML.
4. Experience regarding payment aggregator business, prepaid payment instruments and/ or BBPS business.
5. Experience in drafting and supporting regulatory risk management and compliance programs.
6. Strong communication skills and fluently in English (both written and oral).
7. Key personalities: Efficient, punctual, responsible, transparent, reliable and accountable.

 What we offer

 Competitive salary and excellent benefits, in a diverse working environment with inspiring and hardworking colleagues.

• A positive, get-things-done environment at the workplace.
• A dynamic and constantly evolving space.
• 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 environment.
• A flexible working environment where you can drive your outcomes.
• Company mobile phone, laptop and other tools you might need.