Compliance Manager - Payments

Job Title: Compliance Manager Payments Bank

Location: Mumbai

Experience: 5-10 years

Qualification: CS / MBA (Finance / Compliance / Risk)

Job Summary:

Responsible for ensuring end-to-end compliance with RBI and NPCI regulations governing Payments Banks. The role involves managing regulatory interactions, ensuring adherence to RBI Master Directions, AML/KYC norms, and payment system guidelines, while advising business teams on compliant product and process rollouts.

Key Responsibilities:

- Act as the primary compliance liaison with RBI, NPCI, and other regulatory bodies.

- Ensure compliance with RBI Master Directions, Payment and Settlement Systems Act, and KYC/AML regulations.

- Oversee compliance testing and review for payment products (UPI, BBPS, PPI, PAPG, IMPS, AePS).

- Manage regulatory filings, inspections, and audits by RBI/NPCI.

- Monitor and update policies, SOPs, and documentation in line with latest circulars and directions.

- Advise internal stakeholders on regulatory implications of new initiatives and digital banking operations.

- Drive a culture of compliance and ensure timely reporting and submissions.

Key Skills:

- RBI & NPCI Compliance

- Payments Bank Regulations

- KYC/AML

- Payment System Compliance

- UPI

- BBPS

- PPI

- PAPG

- Regulatory Liaison

- Risk Mitigation

- Digital Banking

- Regulatory Reporting