Senior Executive Vacancy In PhonePe

Taxscan; Bengaluru; On-site; INR 900,000 - 1,400,000; Full time

Job summary

PhonePe is seeking a Senior Executive, Merchant Compliance to help review new products and ensure compliance sign-off before go-lives. You will partner with Product teams across the lifecycle to flag and resolve compliance and risk issues, map controls, and manage regulatory change processes.

You will validate regulatory reports, review policies, support inspections, and drive automation efforts with a strong emphasis on RBI/NPCI guidelines and KYC for merchant products.

Qualifications

• Postgraduate in Finance and Risk Management / MBA / CA / CS with at least 3+ years of experience in the Merchant Compliance space.
• In-depth knowledge on the compliance environment of the banking, payment and fintech industry in India, with current regulations and market practices.
• Well versed with RBI, NPCI, and KYC guidelines for merchant products, especially MD-PA and MD-KYC.
• Excellent knowledge of reporting procedures and record-keeping guidelines.
• Clear communication and precise expression; analytical mind to understand complex procedures and regulations.
• Problem solver with ownership attitude and high ethical standards.

Responsibilities

• Review new products, features, and offerings for compliance sign-off before go-lives.
• Partner with Product teams through the product lifecycle to flag and resolve compliance and risk issues.
• Map preventative and detective controls; document requirements and manage implementation.
• Establish an efficient Regulatory Change Management framework to track RBI and NPCI circulars and ensure evidence-based records.
• Ensure timely validation and filing of regulatory reports.
• Review non-IT policies and procedures and secure management approvals.
• Support regulatory inspections, data validation, and audit readiness.
• Oversee GRC tool implementation and dashboards for governance forums.
• Keep abreast of regulatory developments and adopt best practices in compliance controls.
• Pursue automation and AI to drive efficiencies in internal compliance processes.

Skills

Regulatory compliance

Risk management

Analytical thinking

Communication skills

Education

Postgraduate in Finance and Risk Management

MBA

CA/CS

Tools

GRC tool

Job description

PhonePe invited applications for the post of Senior Executive, Merchant Compliance

Assist in the comprehensive review of new products, features, and offerings on the PhonePe PAPG, ensuring zero go-lives without compliance sign-off.

Partner with Product teams through the entire product lifecycle to proactively flag and resolve compliance and risk-related issues and maintain deviations observed.

Assist in mapping preventative and detective controls to mitigate compliance risks, document requirements, and manage their implementation.

Assist in establishing an efficient Regulatory Change Management (RCM) framework to track, summarize, and implement RBI and NPCI circulars/communications with satisfactory evidence on records.

Ensure regulatory reports are validated and filed timely with regulators.

Ensure review of all Non-IT related policies and procedures on a periodic basis or whenever there is change in process and place it for Management approvals to board on a timely fashion.

Assist in regulatory inspections, data validation and ensure audit preparedness throughout the processes designed.

Handle and manage the GRC tool implementation

Maintain oversight of key compliance metrics; prepare monthly Compliance Dashboards and trackers for governance forums.

Keep abreast of all regulatory developments as well as evolving best practices in compliance controls and leverage the same to implement better and current compliance standards.

Proactively pursue and implement automation and AI solutions to drive efficiencies in internal compliance processes.

Qualifications

Any Post Graduate in Finance and Risk Management / MBA / CA / CS with at least 3+ years of experience in the Merchant Compliance space.

In-depth knowledge on the compliance environment of the banking / payment and fintech’s industry along with Indian regulations and current market practices.

Well versed with the RBI, NPCI, and KYC guidelines for merchant products, especially MD-PA and MD-KYC.

Excellent knowledge of reporting procedures and record keeping guidelines.

Ability to communicate clearly and precisely to the point.

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.