Website: https://bharatpe.com

Required Skills: Exposure to Payment sectors, Able to analyze & review Compliance , Good stakeholder management skills, Compliance / AML monitoring , Experience in BFSI /Fintech compliance

Work Mode : ONSITE

Description

In this role, you have the opportunity to..

… work in critical areas of Compliance, Governance for BharatPe with some of the brightest minds in the industry who are truly focused at building #bharatpeforbharat.

You will lead compliance of KYC & AML & assist in various regulations applicable on NBFC, Payment Aggregator, NPCI etc. and monitor implementation of key internal policies. Add value by acting as a facilitator in compliance & help organization accomplish its objectives by bringing a systematic and disciplined approach.

Responsibilities will include..

Function Expertise

• Maintain oversight of developments in the BFSI, Fintech regulatory environment.
• Anti Money Laundering (AML):
• Develop internal procedures to prevent money laundering.
• Build new scenarios/rules, create BRDs, and evaluate exception reports and alert closures.
• Evaluate the performance of AML monitoring tools and negative list screening.
• Review policies and procedures in the AML program (KYC/CDD/EDD).
• Ensure information consistency with AML policies and regulatory requirements.
• Support an annual review of the AML monitoring system and process.
• Drive compliance program and monitor systems.
• Compliance reviews:
• Ensure policies and procedures are followed and monitor improvements.
• Monitor regulatory changes:
• Interpretation and dissemination of information to departments for implementation.
• Focus on self-learning and development on relevant guidelines.
• Maintain and periodically review necessary policies under various regulations.

Problem Solving

• Proactively manage potential regulatory risks.
• Identify inconsistencies in data and transactions:
• Formulate strategic recommendations on policies, procedures, and practices.
• Develop solutions to address specific challenges faced by business units in regulatory compliance matters, including impact assessments.
• Guide transaction monitoring teams:
• Address critical areas such as suspicious transactions and name match as per screening output.
• Conduct process audits/reviews:
• Escalate high-risk issues to management.
• Identify and inform changes in legislation and regulatory requirements relating to AML.
• Monitor and report critical gaps during reviews:
• Recommend corrective actions.

Interaction

• Guide and support internal teams:
• Conduct face-to-face training for internal teams and business units.
• Liaison/follow-up with inter-departments:
• Ensure timely completion/updating of compliance tasks.
• Report suspicious transactions:
• Report to regulators (e.g., FIU) and other stakeholders (e.g., Partner Banks).
• Assist the Head of Compliance:
•  Provide updates to senior management on critical compliance issues for immediate attention and escalation.

To succeed in the role..

Qualifications:-

• Any CS / LLB / MBA with at least 6 years of experience in BFSI /Fintech compliance space focusing on AML and KYC related compliance.
• Experience in BFSI & Fintech (Prefer compliance persons from NBFC/bank who has experience in handling lending processes, AML compliance, product compliances etc . Should have dealt with Regulatory audits (RBI audits / Inspections) & communicated with regulators actively on compliance related matters).

Skills, experiences & behaviors :-

• 8 + years in Compliance / AML monitoring and oversight in BFSI / Fintech
• Exposure to Payment sectors preferred
• Analytical bent of mind with a demonstrated strength in being able to analyze, review compliance
• Should be responsible, transparent, reliable & accountable with good stakeholder management skills.