Compliance Officer (Payments Vertical)

• Title: Compliance Officer (Payments Vertical)
• Location: Gandhinagar (GIFT City Office)
• Role Overview: Youll 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).