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Digital Lending Compliance Expert

1 month ago


Noida, Uttar Pradesh, India Paytm Full time
About Us
Paytm is India's leading digital payments and financial services company, driving consumers and merchants to its platform with a variety of payment use cases. We provide consumers with services like utility payments and money transfers. For merchants, Paytm offers acquiring devices like Soundbox, EDC, QR, and Payment Gateway, where payment aggregation is done through PA and other banks' financial instruments. To enhance merchants' businesses, Paytm offers commerce services through advertising and the Paytm Mini app store. This platform leverage enables the company to offer credit services such as merchant loans, personal loans, and business loans, sourced by its financial partners.

About the Team
We offer competitive compensation, opportunities for professional growth, and a dynamic work environment. The Compliance department has five areas of responsibility—identification, prevention, monitoring and detection, resolution, and advisory for the entity with respect to regulations/ laws and is part of the enterprise compliance group at Paytm.

About the Role
This role includes managing compliance for our digital lending products. The successful candidate will be responsible for individually contributing and ensuring compliance with relevant laws, regulations, and guidelines related to digital lending. The ideal candidate should have a background in digital lending, preferably in a fintech environment, bank, or NBFC, and possess strong self-driven skills to manage compliance effectively.

Key Responsibilities
1. Regulatory Compliance Management: Monitoring and interpreting regulations and guidelines related to digital lending and ensuring compliance with applicable laws, regulations, and guidelines.
2. Policy and Procedure Development: Develop, implement, and maintain compliance policies and procedures for digital lending products, ensuring they are up-to-date and in compliance with applicable laws and regulations.
3. Compliance Monitoring: Establish and implement a robust compliance monitoring program to assess the effectiveness of internal controls, processes, and procedures related to digital lending products.
4. Regulatory Reporting: Prepare and submit timely and accurate compliance reports to senior management and regulators, as required.
5. Risk Assessment: Conduct regular risk assessments related to digital lending products, identify potential compliance risks, and implement appropriate risk mitigation measures.
6. Training and Awareness: Develop and deliver training programs to employees and relevant stakeholders to enhance compliance awareness and understanding of digital lending compliance requirements.
7. Relationship Management: Collaborate with cross-functional teams such as legal, risk, operations, and technology to ensure compliance with digital lending regulations and resolve any compliance-related issues.
8. Stay Updated: Stay updated with changes in relevant laws, regulations, and guidelines related to digital lending and proactively implement necessary changes in compliance policies and procedures.

Requirements
1. Minimum 5+ years of relevant experience in regulatory compliance, preferably in digital lending in a fintech environment, bank, or NBFC.
2. Strong Knowledge: Sound understanding of digital lending regulations, laws, and guidelines, and the ability to interpret and apply them effectively in a practical business setting.
3. Analytical Skills: Ability to conduct risk assessments, analyze complex information, and provide practical and effective compliance solutions.
4. Attention to Detail: Strong attention to detail and accuracy in compliance monitoring, reporting, and documentation.
5. Proactive Approach: Proactive approach to identifying and addressing potential compliance risks and issues in a timely manner.
6. Collaborative Approach: Ability to collaborate and work effectively with cross-functional teams, senior management, and regulators.
7. Adaptability: Ability to work independently and as part of a team, ability to adapt to changing regulatory requirements and business needs, and implement necessary changes in compliance policies and procedures.
8. Ethical Conduct: High level of integrity, professionalism, and ethical conduct in dealing with sensitive and confidential information.
9. Proficient in using compliance management software and tools.

Education
Bachelor's degree in Finance, Law, Business Administration, or related field. A Master's degree or professional certification (e.g., CA, CS, CFA, FRM) is preferred.