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Role - Compliance Specialist
Location: Mumbai / Noida
Department: Compliance
Experience Required: 6-8 years
Role Overview
We are seeking a seasoned compliance professional to join our Compliance Department at Paytm Payments Bank. The ideal candidate will have deep expertise in regulatory compliance specific to payment banks, including hands-on experience in compliance testing, advisory functions, and policy/SOP reviews. The role demands a strong understanding of key regulatory circulars and guidelines issued by the Reserve Bank of India (RBI).
Key Responsibilities
Regulatory Compliance & Advisory
•Interpret and implement RBI circulars including:
- Master Direction on KYC (MD KYC)
- Licensing Guidelines for Payment Banks
- Master Direction on Prepaid Payment Instruments (MD PPI)
- Compliance Function and Chief Compliance Officer (CCO) Circular
•Provide compliance advisory to business units on new products, processes, and controls.
•Review and update internal policies and SOPs to ensure alignment with regulatory expectations.
•Conduct periodic compliance testing and risk assessments across business units.
•Monitor Key Compliance Indicators (KCIs) and identify potential breaches or non-compliance.
•Support root cause analysis and remediation planning for compliance issues.
•Lead the dissemination of regulatory updates and circulars to relevant departments.
•Ensure timely implementation of regulatory changes and track compliance status.
•Prepare and present compliance reports to senior management, Board, and Audit Committees.
Qualifications
•Postgraduate degree in Law/ Finance or Business Administration (MBA, CA preferred).
•Experience in banking compliance, preferably in a payment bank.
•Strong knowledge of RBI regulations and circulars applicable to payment banks.
•Excellent communication, analytical, and stakeholder management skills.
Preferred Skills
•Experience with regulatory audits and inspections.
•Familiarity with digital banking products and services.
•Proficiency in drafting and reviewing policies and SOPs.
•Ability to work cross-functionally and manage multiple priorities.
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