Associate Director - Regulatory Compliance - API Banking Industry

About the job:

Associate Director - Regulatory Compliance

India's leading payments and API banking company.

- It helps 6,00,000+ businesses accept and send money and is used for multiple use cases like vendor payouts, wage payouts, bulk refunds, etc.

- They offer the widest range of solutions including API banking platform Payouts that helps businesses send money instantly 24x7 to any bank account, UPI ID, card, or wallet with a simple API that businesses can integrate with their product.

- The Payment Aggregation business is regulated by the Reserve Bank of India.

- They are one of the first recipients of such licenses, and will be adding more such regulated products in its portfolio.

- We are looking for a dynamic regulatory compliance leader, who could work with various teams on the ground to build strong mechanisms to ensure compliance to the applicable regulatory framework while ensuring the best customer outcomes.

Roles & Responsibilities:

- Regulatory compliance framework - help define regulatory compliance roadmap, develop and implement compliance framework for the company, prepare compliance checklists, drive compliance projects, stakeholder coordination (internal and external) for compliance activities, drafting and review of policies, related research.

- Licensing - related activities & support- licensing applications & support with regulatory communications, related research/ product reviews, setting up & monitoring related compliance frameworks, managing audits, obtaining certifications, etc.

- Provide compliance support to stakeholders at various levels of the organization to resolve compliance queries, strategize on new products and ensure compliance.

- Provide regulatory support to InfoSec team - security audits, cybersecurity compliances, etc.

- Provide support for various internal and external audits.

- Regulatory & policy developments : Closely monitor payments and fintech regulatory landscape for developments, provide insights on these and their impact on company strategy to internal stakeholders, support with drafting and communications with external stakeholders.

- Work involves the following regulatory frameworks : RBI and NPCI regulations, PA, PPI, PSO regulations, Outsourcing, PMLA, KYC MD, Digital Lending, IT Act and Meity, BaaS & banking Regulations, Cross-border payment regulations (OPGSP, LRS, RDA, FEMA, etc. ), Aadhaar Act, etc.

Required Skills:

- CA/ CS/MBA/Law graduate with 10-13 yrs relevant work experience in Banks/ Fintech on regulatory compliance matters

- Exposure to laws relating to payments, fintech and banking, including RBI and NPCI regulations, retail and cross-border payments, PSO regulations, BaaS and banking regulations, IT Act and Meity, PMLA and KYC regulations, familiarity with payments infrastructure, etc.

- Strong experience with managing end-to-end regulatory compliance-related projects and advisory.

- Experience and familiarity with product reviews

- Excellent communication skills, with the ability to communicate complex legal concepts in simple language to non-legal stakeholders

- Strong analytical and problem-solving skills, with the ability to think strategically and provide creative solutions to complex legal issues

- Ability to work effectively in a fast-paced, dynamic environment, with a proven ability to manage multiple projects and priorities simultaneously

Skills : Regulatory compliance, vetting, regulatory policy, Software licensing, compliance and auditing, compliance regulations, rbi, online payment solutions, api, fintech, online payment, payment card industry data security standard (pci dss),payment gateways, foreign exchange management, rda, irda, compliance, regulations, payments, Emerging payments, kyc, regulatory and legal issues, legal liaison, banking solutions, banking technologies