Spice Money – Head – Compliance Spice Money

The Corporate Institute; Dadri; On-site; INR 4,500,000 - 6,500,000; Full time

Job summary

Spice Money is seeking a Head of Compliance to establish and maintain the company-wide compliance framework, ensuring adherence to RBI guidelines, NPCI regulations, and KYC/AML norms across Rural India’s digital payments expansion. This role acts as the main liaison with regulators and guides governance, training, and regulatory reporting.

The HOC will oversee regulatory inspections, audits, and the remediation of findings, while advising cross-functional teams to embed compliance-by-design in

Qualifications

• 10+ years of relevant experience in financial regulatory compliance within fintechs, banks, or fast-paced financial institutions.
• Deep expertise in RBI guidelines, PPI Master Directions, NPCI frameworks, KYC/AML norms, UIDAI/IRDAI regulatory processes.
• Proven track record of direct interactions with regulators (RBI, NPCI, FIU, UIDAI).
• Strong ability to translate regulatory mandates into practical operational processes without choking business velocity.

Responsibilities

• Establish, operationalize, and continuously update the company-wide Compliance Management Framework; monitor compliance across teams.
• Monitor KYC, AML, PPI Master Directions, and NPCI regulations; disseminate guidelines to employees.
• Lead regulator liaison and advocacy with RBI, NPCI, FIU, UIDAI, and related bodies.
• Oversee audits and inspections (UIDAI audits, RBI system audits) and ensure timely remediation of findings.
• Provide independent governance reporting to the Board and advise Product, Operations, and Technology on compliance.

Skills

Regulatory compliance

Regulatory governance

Stakeholder management

Audits & inspections

Regulator liaison

Job description

About the Role:

The Head of Compliance is a critical executive role responsible for ensuring that Spice Money adheres both in letter and spirit to all regulatory directions, directives, and expectations. As Spice Money expands its digital payment rails across rural India, the HOC acts as the enterprise anchor for regulatory alignment, safeguard of corporate reputation, and positive regulator advocacy. As the primary custodian of regulatory compliance, the HOC provides independent assurance to the Board and drives robust compliance governance across all operations.

How You’ll Contribute:

• Regulatory Oversight & Compliance Framework: Establish, operationalize, and continuously update the company-wide Compliance Management Framework; conduct regular compliance monitoring, testing, and periodic reviews across teams. Ensure total compliance with Master Directions and guidelines issued by key regulatory authorities.
• Monitoring & Dissemination: Maintain a hawk’s eye on compliance with KYC, AML, PPI Master Directions, and NPCI regulations, ensuring timely dissemination of relevant regulatory guidelines/changes to all employees.
• Regulator Liaison & Advocacy: Lead interactions and coordination with regulators such as RBI, NPCI, FIU, and UIDAI. Engage in positive advocacy on matters impacting Spice Money while fostering constructive regulatory outreach.
• Audits & Inspection Closure: Manage and lead end-to-end management of regulatory inspections, UIDAI audits, RBI System Audits, and PCOMP portal reporting. Take total ownership for timely remediation and closure of inspection findings, audit observations, and gap assessments.
• Governance & Board Reporting: Provide independent assurance on regulatory compliance.
• Product Advisory & Digital Initiatives Compliance: Act as an embedded compliance advisor to Business, Product, Operations, and Technology teams. Review new fintech offerings, digital lending journeys, PPI innovations, cross-border payments, and strategic partnerships from a regulatory perspective to build compliance-by-design.
• Grievance Redressal, Regulatory Filings & Training: Oversee regulatory reporting systems (such as CIMS portal), ensure strict adherence to customer protection and guidelines, and design mandatory compliance training programs for employees and channel partners.

What Will Make You Successful:

• 10+ years of relevant experience in financial regulatory compliance, ideally within fintechs, banks, or fast-paced financial institutions.
• Deep expertise in RBI guidelines, PPI Master Directions, NPCI frameworks, KYC/AML norms, and UIDAI/IRDAI regulatory processes.
• Proven track record of managing direct interactions with key regulatory bodies (RBI, NPCI, FIU, UIDAI).
• Strong stakeholder management skills to partner effectively with Tech, Product, Operations, and Legal teams, translating regulatory mandates into practical operational processes without choking business velocity.
• High analytical and problem-solving capability with an ability to navigate ambiguity in a fast-paced work environment.
• Ability to work in a fast-paced, dynamic environment and thrive under pressure.