Manager-Compliance

About Us:

Paytm is India’s leading digital payments and financial services company, which is focused on driving consumers and merchants to its platform by offering them a variety of payment use cases. Paytm provides consumers with services like utility payments and money transfers. To merchants, Paytm offers acquiring devices like Soundbox, EDC, QR, and Payment Gateway where payment aggregation is done through PA and also other banks’ financial instruments. To further enhance merchants’ business, Paytm offers merchants commerce services through advertising and the Paytm Mini app store. Operating on this platform leverage, the company then offers credit services such as merchant loans, personal loans, and business loans, sourced by its financial partners.

About the team:

We offer competitive compensation, opportunities for professional growth, and a dynamic work environment. The Compliance department has five areas of responsibility—identification, prevention, monitoring and detection, resolution, and advisory for the entity with respect to regulations/ laws and is part of the enterprise compliance group at Paytm.

About the role: 

This role includes managing compliance for our digital lending products. The successful candidate will be responsible for individually contributing and ensuring compliance with relevant laws, regulations, and guidelines related to digital lending. The ideal candidate should have a background in digital lending, preferably in a fintech environment, bank, or NBFC, and possess strong self-driven skills to manage compliance all around effectively.

1) Regulatory Compliance Management: Monitoring and interpreting regulations and guidelines related to digital lending and ensuring compliance with applicable laws, regulations, and guidelines.

2) Policy and Procedure Development: Develop, implement, and maintain compliance policies and procedures for digital lending products, ensuring they are up-to-date and in compliance with applicable laws and regulations.

3) Compliance Monitoring: Establish and implement a robust compliance monitoring program to assess the effectiveness of internal controls, processes, and procedures related to digital lending products.

4) Regulatory Reporting: Prepare and submit timely and accurate compliance reports to senior management and regulators, as required.

5) Risk Assessment: Conduct regular risk assessments related to digital lending products, identify

potential compliance risks, and implement appropriate risk mitigation measures.

6) Training and Awareness: Develop and deliver training programs to employees and relevant stakeholders to enhance compliance awareness and understanding of digital lending compliance requirements.

7) Relationship Management: Collaborate with cross-functional teams such as legal, risk, operations, and technology to ensure compliance with digital lending regulations and resolve any compliance-related issues.

8) Stay Updated: Stay updated with changes in relevant laws, regulations, and guidelines related to digital lending and proactively implement necessary changes in compliance policies and procedures.

1) Minimum 5+ years of relevant experience in regulatory compliance, preferably in digital lending in a fintech environment, bank, or NBFC.

2) Strong Knowledge: Sound understanding of digital lending regulations, laws, and guidelines, and the ability to interpret and apply them effectively in a practical business setting.

3) Analytical Skills: Ability to conduct risk assessments, analyze complex information, and provide practical and effective compliance solutions.

4) Attention to Detail: Strong attention to detail and accuracy in compliance monitoring, reporting, and documentation.

5) Proactive Approach: Proactive approach to identifying and addressing potential compliance risks and issues in a timely manner.

6) Collaborative Approach: Ability to collaborate and work effectively with cross-functional teams, senior management, and regulators.

7) Adaptability: Ability to work independently and as part of a team, ability to adapt to changing regulatory requirements and business needs, and implement necessary changes in compliance policies and procedures.

8) Ethical Conduct: High level of integrity, professionalism, and ethical conduct in dealing with sensitive and confidential information.

9) Proficient in using compliance management software and tools.

10) Implementing ERM frameworks, identifying and mitigating risks across departments, and facilitating discussions with risk owners. The role requires you to interpret risk reports, engage stakeholders, and maintain a centralized risk management resource.

1) 5+ years of experience in risk management/Compliance/Internal Audit

2) Strong communication skills, both written and verbal.

3) Ability to work in a fast-paced team environment.

4) A degree in business, CA, or an MBA is preferred

Merit-based culture that thrives on self-motivated & driven individuals who set out to make a successful career in India’s fastest-growing Fintech Organization. Agile & democratic setup that gives space to your creativity, and offers the opportunity to work at scale coupled with an environment

that encourages diverse perspectives at all times.

Compensation: If you are the right fit, we believe in creating wealth for you with enviable 500 mn+ registered users, 21 mn+ merchants and depth of data in our ecosystem, we are in a unique position to democratize credit for deserving consumers & merchants – and we are committed to it. India’s largest

digital lending story is brewing here. It’s your opportunity to be a part of the story!