Role: Senior Manager , Product Risk Assessment /Program AdvisoryCompliance Program Advisory Roleplays a very crucial role in ensuring all functional units are duly guided during the development life cycle of the new product along with regular maintenance of the product on the platform. The unit also plays a very important role in managing the compliance requirements as per new regulatory guidelines from RBI, IRDA, SEBI, AMFI etc. and ensuring implementation of the same in various different products offered on the PhonePe platform.Compliance teams work closely with business, legal, risk, and audit functions to provide expertise on regulatory compliance matters, assess and measure compliance and related risks, and monitor and test the adequacy of the firm's compliance control environment.About the roleMaintain oversight of the developments in the regulatory environment to proactively manage the potential regulatory risk/aml risk/kyc risk /ops risk /legal risk exposure of affected divisions/departmentsDrive and Manage New product risk assessments on all new products and existing ones against rules and standards, keeping the stakeholders informed of the developments in this areaFocus on self- learning and development on all relevant guidelines in the areas of financial services products (Payments/ Insurance/ Investments like stock broking and mutual funds etc.) and ensure reporting of the progress to sync in with departmental goalEducate staff on regulatory compliance issues and acting as point of contact for all regulatory compliance queries from staffPerform gap analysis on new/revised guidelines issued by regulators and follow up on action plans on the implementationAct as face of the Compliance unit in discussion with product team to ensure all regulatory gaps are included in various product sprints and executed as per regulatory requirementPerform Pre-Prod Audits on the new product/ features on the platform and provide sign-off on the control testing reportsDevelop solutions to address specific challenges faced by the business units in regulatory compliance matters including impact assessmentsProvide detailed report to Director – Compliance on a regular basis of the review conducted in a quarter and critical gaps identified during the review along with statusAssist the Manager in providing updates to senior management on the critical compliance issues for immediate attention and escalationMin years of experience in Fintech companies : 8-14 yearsQualification: Post Graduate in Finance and Risk Management / MBA / CA / CS with at least 8+ years of experience in the Financial Service Compliance space and a proven track record as a team lead or managerExperience in Banking, Payments , Fintech , NBFC . Should have dealt with RBI audits ,communicated with regulators actively on products ,compliance related matters etcIn-depth knowledge of the banking / payment industry standards, stock broking companies, Indian regulations and current market practices. A subject matter expert with comprehensive knowledge about AML/KYC policies, fraud control, risk categorization policies, monitoring, evaluation, review, and report associated with auditing.Excellent knowledge of reporting procedures and record keeping guidelines.Ability to communicate clearly and precisely to the point. Demonstrate the ability to plan and execute projects single handedly.Has an analytical mind able to "see" the complexities of procedures and regulations. Is a problem solver and always ready to take ownership of deliverables assigned.Has high ethical standards and is able to work diligently to complete your duties.Certified compliance professional is a plus
