Senior Manager - Merchant Onboarding (Program Manager)

Job description

## **About the Role** We are looking for a Senior Manager, Merchant Onboarding to own regulatory, statutory, concurrent, internal, and external audits for merchant onboarding, while also holding overall governance of onboarding SOPs, process adherence, and AML/EDD execution. The role is primarily accountable for audit closure, root cause analysis, and CAPA — partnering with Operations, Product, Technology, Risk, Compliance, and Legal, ownership of SOP upkeep, process-adherence reporting, and AML/EDD oversight to keep onboarding audit-ready year-round. We're looking for someone from a fintech, payments, or bank onboarding/compliance background who is comfortable using AI and modern tech tools to solve problems, not just manage them manually. ## **Key Responsibilities** ### **1. Audit Observation Management & Timely Response** - Act as the single point of contact for all onboarding-related regulatory, statutory, concurrent, internal, and external audits. - Conduct detailed research across internal systems, policies, operational records, and documentation to prepare accurate, timely, and evidence-backed responses to audit observations. - Ensure every audit observation is responded to and closed within agreed regulatory and internal timelines. - Maintain complete audit documentation, evidence repositories, and audit trails. ### **2. Root Cause Analysis, CAPA & Advisory** - Perform root cause analysis for every audit observation to identify underlying process, product, or system control gaps. - Develop structured corrective and preventive action (CAPA) plans to eliminate recurrence of observations. - Provide advisory to Operations, Product, and Technology teams on control gaps identified through audits, and partner with them to design sustainable, ideally automated, fixes. - Use AI and automation tools to speed up evidence-gathering, observation analysis, and CAPA tracking wherever possible. ### **3. Compliance Coordination & Action Item Tracking** - Serve as the primary coordination point for all internal compliance items relating to onboarding, liaising with Compliance, Legal, Risk, and Operations. - Own end-to-end governance of audit and compliance action items across multiple teams, all year round — tracking progress, resolving blockers, and driving accountability. - Establish governance mechanisms — reviews, dashboards, escalation frameworks — and present progress, risks, and mitigation plans to senior leadership. ### **4. SOP, Process Adherence & AML/EDD Oversight** - Own onboarding SOPs and process documentation, keeping them current with every product, regulatory, or process change. - Build and maintain reporting/dashboards to track process adherence and flag exceptions or control deviations. - Maintain oversight of AML and EDD (Enhanced Due Diligence) execution quality for onboarding, coordinating with the teams running day-to-day AML/KYC checks. - Recommend automation and AI-enabled opportunities to reduce manual effort across SOP tracking, reporting, and control monitoring. ## **Required Qualifications** - 7+ years of experience in Onboarding Operations, Audit Handling, or Risk Operations within Payments, Fintech, or Banking. - Hands-on comfort with AI and modern tech tools (e.g., LLM-based assistants, automation platforms, SQL/BI tools) to solve operational and compliance problems, not just track them. ## **Preferred Experience** The ideal candidate should possess a strong understanding of: - Merchant/customer onboarding and lifecycle management in a bank, fintech, PA/PG, or acquiring context. - AML, KYC, and enhanced due diligence (EDD) processes. - RBI regulations applicable to Payment Aggregators and Payment Gateways, and/or banking compliance norms. - Card scheme and network compliance requirements (Visa, Mastercard, RuPay, American Express, etc.). - Using AI/automation tools to build reporting, streamline audit evidence collection, or flag exceptions at scale. ## **Skills & Competencies** - Strong program management skills with the ability to drive complex cross-functional audit and compliance initiatives. - Excellent stakeholder management across Operations, Product, Technology, Risk, Compliance, and Legal. - Exceptional written communication and documentation skills for audit responses and SOPs. - Strong analytical and root cause analysis capabilities. - Genuine curiosity and fluency with AI tools and automation — able to identify where they can replace manual audit/compliance work and implement them practically. - High attention to detail with a structured, process-oriented mindset, and comfort managing multiple audits against regulatory timelines. **Success Metrics** - Timely closure of audit observations within agreed timelines, and reduction in repeat findings. - Timely completion of CAPA plans, validated for effectiveness. - Quality and completeness of audit documentation and evidence trails. - Adherence to SOPs across onboarding, and currency of SOP documentation. - Quality of AML/EDD execution - Demonstrated use of AI/automation to improve audit and compliance turnaround.