Assistant Manager, Vigilance

Job Description About Razorpay: Razorpay was founded by Harshil Mathur and Shashank Kumar in 2015. Razorpay is building a new-age digital banking hub (Neobank) for businesses in India. Our mission is to enable frictionless banking and payments experiences for businesses of all shapes and sizes. We started out as a B2B payments company and today, we process billions of dollars of payments for lakhs of businesses across India. We are the leading payments provider in the country and have been the first to bring to market the most major innovations in the past 6 years. Razorpay enables businesses to accept, process, and disburse payments at scale. Razorpay currently processes multi-billion USD payments on an annualized basis, touching 200Mn+ end customers through top clients like Airtel, Goibibo, Yatra, Ola, Swiggy, Zomato, Cred etc. We architect systems for the scale of not just one segment leader but 1000s put together. With more than a lakh clients, you would have definitely made a payment through Razorpay if you live in India. With the launch of RazorpayX, the company aims to become a leading provider of banking and payout products to businesses covering the gamut of current account, payroll, vendor payouts and many others. Over the past year, the company has disbursed loans worth millions of dollars in loans to thousands of businesses. The company has raised USD $700M+ in funding till date from marquee investors like GIC, Sequoia Capital, Tiger Global, Ribbit Capital, Matrix Partners and many stellar angels. Our products: The Razorpay Product Suite today comprises verticals, along with Payment Gateway, like Payment Links, Payment Pages, Subscriptions, Smart Collect, Route, Razorpay Capital, RazorpayX, and Payroll. Payment Gateway: Razorpay is a full-sized payment solution that allows businesses to accept, process, and disburse payments within its product suite. The platform provides your business with access to payments via many modes such as credit card, debit card, Netbanking, UPI, and popular wallets. Companies are also able to monitor real-time data performance and insights to make informed business decisions. Read more at these places: https://razorpay.com/payment-gateway/ RazorpayX: Razorpay is reimagining how businesses manage money by simplifying business banking with RazorpayX. It operates as a separate business unit with a laser-sharp focus on innovating in the Neo-Business Banking space and is currently in 0 to 1 stage. Read more at these places: https://razorpay.com/blog/what-is-a-neobank/ , and https://razorpay.com/blog/category/business-banking/. Razorpay Capital: Razorpay Capital is a lending platform that allows MSME's to meet their cash flow challenges. Using Razorpay Capital, companies can manage financial challenges of their business through quick settlements and collateral-free loans. Read more at these places: https://razorpay.com/capital/ The Role: Associate Manager - Vigilance JD The Role: We are seeking a highly skilled and motivated Associate Manager to join our dynamic team. The team member will play a crucial role in ensuring the integrity, compliance, and security of our financial operations. The ideal candidate will have a strong background in vigilance, risk management, and a deep understanding of the regulatory landscape. Responsibilities: - Conduct thorough risk assessments to identify potential vulnerabilities and areas of concern within the organization. - Develop and implement strategies to mitigate identified risks, ensuring compliance with applicable laws and regulations. - Stay abreast of regulatory changes and updates affecting the fintech industry in India. - Develop and maintain a comprehensive compliance framework, ensuring that all business activities align with legal and regulatory requirements. - Collaborate with internal stakeholders to ensure timely and accurate reporting to regulatory bodies. - Implement robust fraud detection mechanisms to safeguard against financial fraud and misconduct. - Investigate and analyze suspicious activities, taking appropriate actions to prevent and mitigate fraud risks. - Lead internal investigations related to fraud, misconduct, or any other vigilance-related matters. - Work closely with cross-functional teams to gather evidence, conduct interviews, and prepare reports on investigation findings. - Develop and deliver training programs to educate employees on vigilance, compliance, and ethical conduct. - Foster a culture of awareness and adherence to ethical standards and regulatory guidelines. - Collaborate with legal, compliance, and other relevant departments to ensure a cohesive approach to risk management and vigilance. Qualifications: - Bachelor's degree in engineering, business, Finance, Law, or a related field. Master's degree or relevant professional certifications (e.g., Certified Fraud Examiner) will be an added advantage. - Proven experience in a vigilance, risk management, or compliance role within the financial services industry, preferably in a fintech environment. - In-depth knowledge of Indian financial regulations and a keen understanding of emerging trends and threats in the payment aggregation/fintech space. - Strong analytical, investigative, and problem-solving skills. - Excellent communication and interpersonal skills. - Ability to work collaboratively in a fast-paced and dynamic environment.