Compliance Officer - AD2 (GIFT City - Ahmedabad)

We are looking for an experienced Compliance professional to manage regulatory compliance for our AD Category II operations at GIFT City (IFSC). The role will focus on IFSCA and FEMA compliance, AML/CFT controls, LRS and remittance reporting, and regulatory liaison, ensuring smooth and compliant forex operations.

Key Responsibilities

• Regulatory & IFSCA Compliance
• Ensure compliance with IFSCA regulations, circulars, and directions applicable to AD Category II entities.
• Track regulatory updates from IFSCA, RBI (as applicable), and FEMA and implement changes in processes.
• Act as a point of contact for IFSCA inspections, audits, and regulatory correspondence.
• Prepare and submit periodic regulatory returns and disclosures to IFSCA.
• FEMA, Forex & LRS Compliance
• Oversee compliance with FEMA provisions relating to current account transactions and permissible forex activities.
• Monitor Liberalised Remittance Scheme (LRS) transactions, limits, and utilisation checks.
• Ensure timely and accurate LRS and remittance reporting (including system/API-based reporting, where applicable).
• Coordinate with AD Category I banks and internal teams for reconciliation and confirmations.
• AML / CFT & Financial Crime
• Implement and monitor AML/CFT framework as per IFSCA, PMLA, and FATF standards.
• Review KYC, CDD, EDD for retail and corporate forex customers.
• Oversee sanctions screening, transaction monitoring, and review alerts.
• Ensure timely filing of STRs/CTRs and maintenance of audit trails.
• Policies, Controls & Governance
• Draft and update Forex, AML, KYC, LRS, and Compliance SOPs specific to AD Category II operations.
• Conduct periodic compliance testing and internal reviews.
• Identify gaps, recommend corrective actions, and ensure closure.
• Business & Advisory Support
• Provide compliance advisory to business teams on new forex products, digital remittance journeys, and partnerships.
• Support onboarding of agents, distributors, fintech partners, and vendors.
• Balance regulatory requirements with customer experience and operational efficiency.
• Desired Candidate Profile
• Strong knowledge of AD Category II regulations, FEMA, and forex operations
• Hands-on experience with LRS, outward remittances, and cross-border payments
• Working knowledge of IFSCA IFSC framework
• Comfortable dealing with regulators and auditors
• Strong documentation and stakeholder management skills

• Qualified CA / CS / MBA (Finance) / LLB
• AML certifications (ACAMS / ICA) preferred
• At least 3 years of compliance experience in AD Category II / Forex / Banking / Fintech
• Prior GIFT City / IFSC exposure is an advantage.

We live by these core values at Niyo:

• Bias For Action
• Customer Focus
• Innovation
• Integrity
• Ownership
• Teamwork

Finnew Solutions Pvt Ltd is a private limited company incorporated on 23 November 2015, with its registered office at 8th Floor, Unit No G-801 to G-824, Gamma Block, Sigma Soft Tech Park, Ramagondanahalli Village, Varthur Hobli, Whitefield, Bangalore South, Karnataka, India - 560066.

• With a humble beginning in 1935, Kanji Forex Private Limited (Post Acquisition as NiyoForex) is an RBI-authorized Authorised Kanji Forex Private Limited (NiyoForex), an RBI-authorized Authorised Dealer Category II licensed entity, is authorized to facilitate foreign exchange transactions, including outward remittances, as per Reserve Bank of India regulations and operates in full compliance with FEMA, RBI guidelines, and customer due diligence requirements.

Niyo is committed to a diverse and inclusive workplace. Niyo is an equal opportunity employer, and does not discriminate based on race, origin, gender, gender identity, sexual orientation, disability, age, or other legally protected status.

All Selections will be based on standard parameters set for the role, as per company policy and will be subject to assessment via interview or assignment and further background verification process.

Finnew Solutions Pvt. Ltd. 2026