Compliance Officer (Payments Vertical)

Job description

Title: Compliance Officer (Payments Vertical) Location: Gandhinagar (GIFT City Office) Role Overview: You’ll own payments compliance across key digital rails PSP in GIFT City, ensuring robust processes that align with IFSCA regulations. Your mission: develop & own entire compliance framework from ground zero, navigate regulatory changes, embed compliance in products, manage audits, and interface with regulators. Key Responsibilities: Regulatory Tracking & Implementation - Monitor IFSCA updates and implement across operations. - Translate circulars into actionable compliance tasks. - Proactive interaction and participation with regulatory authorities. Product & Process Governance: - Lead compliance for GIFT City PSP offerings, - Ensure Remittance compliance checks - Work closely with product and business teams to collaborate, optimize and review, various product journeys and processes to ensure a compliance first payments option to users. - Draft and maintain policies, SOPs, and training modules, ensuring internal controls are audit-ready - Build strong AML process Audit & Reporting: - Support internal/regulatory audits, prepare compliance evidence, and ensure regulatory reporting (returns, STR,CBWT) - Act as SPOC with regulators (IFSCA), manage compliance queries and escalations. - Handle AML audits for INDmoney group Risk Management: - Oversee fraud, AML, sanctions, and operational risk controls across group entities at INDmoney. - Triage issues, escalate serious incidents, and respond effectively to regulator or auditor directives. Cross-functional Engagement: - Partner with Product, Tech, Ops, and Legal teams to integrate compliance into system design and changes. - Engage regulatory working groups; act on industry guidance and peer practices. Experience & Expertise: - 6–10 years in payments compliance with exposure to fintech, banks, or PSPs. - Strong knowledge of RBI (PA, PPI, escrow) and IFSCA (GIFT City PSP/ Global Access/ CMI) frameworks. Skills & Competencies: - Proactive tracking and implementation of regulatory updates. - Hands-on policy drafting, documentation, and audit readiness. - Excellent communication—regulatory liaison, internal advisory, training. - Analytical mindset, problem-solving, and high ethical standards. Qualifications: - MBA, CA, CS, LLB, or equivalent. - Professional certification(s) in compliance/regulatory risk a plus. - Experience working in regulated financial hubs (e.g., GIFT City).