Associate Manager, Consumer Payments Compliance

Job Description: 1 Assist in the comprehensive review of new products, features, and offerings on the Phone Pe platform, ensuring zero go-lives without compliance sign-off. 2 Partner with Product teams through the entire product lifecycle to proactively flag and resolve compliance and risk-related issues and maintain deviations observed. 3 Assist in mapping preventative and detective controls to mitigate compliance risks, document requirements, and manage their implementation. 4 Assist in establishing an efficient Regulatory Change Management (RCM) framework to track, summarize, and implement RBI and NPCI circulars/communications with satisfactory evidence on records. 5 Ensure regulatory reports are validated and filed timely with regulators. 6 Ensure review of all Non-IT related policies and procedures on a periodic basis or whenever there is change in process and place it for Management approvals to board on a timely fashion. 7 Assist in regulatory inspections, data validation and ensure audit preparedness throughout the processes designed. 8 Handle and manage the GRC tool implementation 9 Maintain oversight of key compliance metrics; prepare monthly Compliance Dashboards and trackers for governance forums. 10 Keep abreast of all regulatory developments as well as evolving best practices in compliance controls and leverage the same to implement better and current compliance standards. 11 Proactively pursue and implement automation and AI solutions to drive efficiencies in internal compliance processes. QUALIFICATIONS: 1 Any Post Graduate in Finance and Risk Management / MBA / CA / CS with at least 6+ years of experience in the Payments Compliance space. 2 In-depth knowledge on the compliance environment of the banking / payment and fintech’s industry along with Indian regulations and current market practices. 3 Well versed with the RBI, NPCI, NBBL and KYC guidelines for payments products, especially UPI and BBPS. 4 Excellent knowledge of reporting procedures and record keeping guidelines. 5 Ability to communicate clearly and precisely to the point. 6 Has an analytical mind able to “see” the complexities of procedures and regulations. 7 Is a problem solver and always ready to take ownership of deliverables assigned. 8 Has high ethical standards and is able to work diligently to complete your duties. Additional Information: Phone Pe Full Time Employee Benefits (Not applicable for Intern or Contract Roles)Insurance Benefits - Medical Insurance, Critical Illness Insurance, Accidental Insurance, Life Insurance Wellness Program - Employee Assistance Program, Onsite Medical Center, Emergency Support System Parental Support - Maternity Benefit, Paternity Benefit Program, Adoption Assistance Program, Day-care Support Program Mobility Benefits - Relocation benefits, Transfer Support Policy, Travel Policy Retirement Benefits - Employee PF Contribution, Flexible PF Contribution, Gratuity, NPS, Leave Encashment Other Benefits - Higher Education Assistance, Car Lease, Salary Advance Policy Our inclusive culture promotes individual expression, creativity, innovation, and achievement and in turn helps us better understand and serve our customers. We see ourselves as a place for intellectual curiosity, ideas and debates, where diverse perspectives lead to deeper understanding and better quality results. Phone Pe is an equal opportunity employer and is committed to treating all its employees and job applicants equally; regardless of gender, sexual preference, religion, race, color or disability. If you have a disability or special need that requires assistance or reasonable accommodation, during the application and hiring process, including support for the interview or onboarding process, please fill out this form. Read more about Phone Pe on our blog.Life at Phone Pe Phone Pe in the news Job Description   Assist in the comprehensive review of new products, features, and offerings on the Phone Pe platform, ensuring zero go-lives without compliance sign-off.  Partner with Product teams through the entire product lifecycle to proactively flag and resolve compliance and risk-related issues and maintain deviations observed.  Assist in mapping preventative and detective controls to mitigate compliance risks, document requirements, and manage their implementation.  Assist in establishing an efficient Regulatory Change Management (RCM) framework to track, summarize, and implement RBI and NPCI circulars/communications with satisfactory evidence on records. Ensure regulatory reports are validated and filed timely with regulators.  Ensure review of all Non-IT related policies and procedures on a periodic basis or whenever there is change in process and place it for Management approvals to board on a timely fashion.  Assist in regulatory inspections, data validation and ensure audit preparedness throughout the processes designed. Handle and manage the GRC tool implementation  Maintain oversight of key compliance metrics; prepare monthly Compliance Dashboards and trackers for governance forums.  Keep abreast of all regulatory developments as well as evolving best practices in compliance controls and leverage the same to implement better and current compliance standards.  Proactively pursue and implement automation and AI solutions to drive efficiencies in internal compliance processes.  Qualifications   Any Post Graduate in Finance and Risk Management / MBA / CA / CS with at least 6+ years of experience in the Payments Compliance space. In-depth knowledge on the compliance environment of the banking / payment  and fintech’s industry along with Indian regulations and current market practices.  Well versed with the RBI, NPCI, NBBL and KYC guidelines for payments products, especially UPI and BBPS. Excellent knowledge of reporting procedures and record keeping guidelines.  Ability to communicate clearly and precisely to the point.  Has an analytical mind able to “see” the complexities of procedures and regulations.  Is a problem solver and always ready to take ownership of deliverables assigned.  Has high ethical standards and is able to work diligently to complete your duties.  Additional Information Phone Pe Full Time Employee Benefits (Not applicable for Intern or Contract Roles) Insurance Benefits - Medical Insurance, Critical Illness Insurance, Accidental Insurance, Life Insurance Wellness Program - Employee Assistance Program, Onsite Medical Center, Emergency Support System Parental Support - Maternity Benefit, Paternity Benefit Program, Adoption Assistance Program, Day-care Support Program Mobility Benefits - Relocation benefits, Transfer Support Policy, Travel Policy Retirement Benefits - Employee PF Contribution, Flexible PF Contribution, Gratuity, NPS, Leave Encashment Other Benefits - Higher Education Assistance, Car Lease, Salary Advance Policy Our inclusive culture promotes individual expression, creativity, innovation, and achievement and in turn helps us better understand and serve our customers. We see ourselves as a place for intellectual curiosity, ideas and debates, where diverse perspectives lead to deeper understanding and better quality results. Phone Pe is an equal opportunity employer and is committed to treating all its employees and job applicants equally; regardless of gender, sexual preference, religion, race, color or disability. If you have a disability or special need that requires assistance or reasonable accommodation, during the application and hiring process, including support for the interview or onboarding process, please fill out this form. Read more about Phone Pe on our blog . 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