P5 Senior Lead - Compliance

About the Team

Join PayU's dynamic Compliance team, a strategic function that plays a pivotal role in enabling the company's growth across India's rapidly evolving fintech landscape. Our Compliance team serves as the backbone of PayU's operations, ensuring that all business activities align with regulatory requirements while supporting innovative product development and market expansion.

The team operates in a collaborative, fast-paced environment where regulatory expertise meets business acumen. We work closely with cross-functional teams including Product, Risk, Operations, and Legal to navigate the complex regulatory framework governing payments, fintech, and financial services in India. Our team maintains strong relationships with regulatory authorities including RBI and other government bodies, positioning PayU as a trusted partner in the industry.

Our Compliance team thrives on staying ahead of regulatory changes, implementing best practices, and fostering a culture of compliance throughout the organization. We believe in transparency, accountability, and building sustainable compliance frameworks that support long-term business success.

About the Role

To support PayU’s growth plans in India for payments and fintech opportunities, PayU is looking for a 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.

As a Senior Lead in this team, you'll be part of a group of compliance professionals who are passionate about regulatory excellence and business enablement. The team values proactive thinking, continuous learning, and the ability to translate complex regulatory requirements into practical business solutions. You'll have the opportunity to influence compliance strategy, mentor team members, and directly contribute to PayU's mission of democratizing digital payments across India.

Responsibilities:

• Providing support to the local compliance teams regarding the implementation of PayU’s strategies and policies.
• Providing support with regard to mitigating compliance risks.
• 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.
• 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.
• Handling regulatory filings, maintaining regulatory correspondence and communications, and coordinating with regulatory authorities.
• 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.
• Maintenance of compliance manuals on the basis of notifications / circulars issued by RBI and other regulatory authorities, from time to time.
• Ensuring timely filing of various regulatory reportings applicable to the entity and maintaining MIS of returns filed.
• Supporting product and compliance teams in complying with applicable regulations, guidelines, circulars including expert knowledge on PMLA and KYC norms.
• Employee training or addressing queries on internal policies and regulatory norms.
• Provide support in handling customer complaints, dealing with the nodal officer, ombudsman, etc. including escalations, as may be required.
• Supporting on Compliance driven projects or measures to achieve compliance related organizational goals and thereby support in achieving organizational goals.
• Such other matters as may be assigned by the seniors from time to time

Requirements:

• Approximately at least 8-10 years of compliance experience in payments/ fintech
• 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
• Expertise in regulations concerning payments and fintech businesses
• Ability to conduct research and form views across different legislations and regulations governing various sectors in India
• Experience in local and international legislative initiatives such data protection, sanctions, FATF and AML
• Experience regarding payment aggregator business, prepaid payment instruments and/ or BBPS business
• Experience in drafting and supporting regulatory risk management and compliance programs
• Strong communication skills and fluently in English (both written and oral)
• Ability to work independently in an international, dynamic, and diverse environment

Key Personality Traits: Efficient, punctual, responsible, transparent, reliable and accountable

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).

About us:

At PayU, we are a global fintech investor and our vision is to build a world without financial borders where everyone can prosper. We give people in high growth markets the financial services and products they need to thrive. Our expertise in 18+ high-growth markets enables us to extend the reach of financial services. This drives everything we do, from investing in technology entrepreneurs to offering credit to underserved individuals, to helping merchants buy, sell, and operate online. Being part of Prosus, one of the largest technology investors in the world, gives us the presence and expertise to make a real impact. Find out more at www.payu.com

Our Commitment to Building A Diverse and Inclusive Workforce

As a global and multi-cultural organization with varied ethnicities thriving across locations, we realize that our responsibility towards fulfilling the D&I commitment is huge. Therefore, we continuously strive to create a diverse, inclusive, and safe environment, for all our people, communities, and customers. Our leaders are committed to create an inclusive work culture which enables transparency, flexibility, and unbiased attention to every PayUneer so they can succeed, irrespective of gender, color, or personal faith. An environment where every person feels they belong, that they are listened to, and where they are empowered to speak up. At PayU we have zero tolerance towards any form of prejudice whether a specific race, ethnicity, or of persons with disabilities, or the LGBTQ communities.