Associate Director

2 days ago


Mumbai, Maharashtra, India Seven N Half Full time ₹ 12,00,000 - ₹ 36,00,000 per year

Competencies & Skills:


• Competence in interpreting payments compliance laws and regulations.


• In-depth knowledge of payments industry (particularly UPI, BBPS products) and regulatory landscape.


• 7-9 years of relevant work experience in managing the regulatory compliances for UPI and BBPS products within a bank or fintech company.


• Ability to drive regulatory implementation across business functions.


• Experience in conducting compliance reviews, testing, and driving corrective actions.


• Reporting of gaps in regulatory compliances and driving timely closures.


• Managing regulatory relationships – internal and external


• Excellent reporting procedures and record keeping.


• Proficient in creating impactful PowerPoint presentations and comprehensive report writing.

Regulatory Compliance:


• Track, interpret and disseminate regulatory requirements to internal stakeholders.


• Advise the business on implementation of new regulatory updates or changes in the existing regulations/ circulars/ guidelines related to UPI and BBPS products.


• Maintain a library of compliance rules for UPI and BBPS.


• Record Keeping of all regulatory circulars and correspondences.


• Monitoring closure of action points related to regulatory updates.


• Publish MIS/ dashboard on regulatory updates and implementation status, critical observations, as per defined frequencies.


• Ensure timely submission of regulatory reports, as applicable.

Compliance Testing:


• Facilitate timely compliance self-attestations from business functions.


• Conduct periodic compliance testing on the regulatory controls as per compliance calendar and to ensure timely completion.


• Conduct compliance acceptance test on all the regulatory controls within defined period.


• Prepare comprehensive compliance testing reports highlighting exceptions, non - compliances, and potential issues.


• Monitor and ensure timely closure of issues raised in compliance testing reports.

Compliance review:


• Review product/process notes during design and launch phases to identify regulatory compliance risks.


• Track and ensure closure of open compliance risks.


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