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Chief Compliance Officer

Chief Compliance Officer

Pay10 IndiaNew Delhi, Republic Of India, IN
21 days ago
Job description

Key Responsibilities

  • Regulatory Compliance (RBI & Other Authorities)
  • Develop, implement, and maintain compliance programs in line with RBI regulations for PA, cross-border PA, and PPI license holders.
  • Act as the primary point of contact with RBI and FIU-IND for compliance, AML / CFT reporting, and regulatory inspections.
  • Monitor and interpret regulatory developments;

advise management and business units on compliance obligations.

  • Ensure timely submission of regulatory returns, reports, and notifications to RBI and other authorities.
  • Oversee compliance with Payment and Settlement Systems Act, Prevention of Money Laundering Act (PMLA), FEMA, and other relevant statutes.
  • AML / CFT Framework
  • Establish and oversee AML / CFT policies, procedures, and systems, including risk-based KYC, CDD, EDD, and transaction monitoring.
  • Ensure timely reporting of STRs (Suspicious Transaction Reports) and CTRs (Cash Transaction Reports) to FIU-IND.
  • Conduct AML / CFT risk assessments and ensure controls are effective across business lines.
  • Maintain and update sanctions screening processes (OFAC, UN, EU, domestic lists) for all customers and transactions.

    • Governance & Oversight

  • Design and implement the compliance governance structure, including board-level reporting and risk committee presentations.
  • Ensure compliance training programs for employees and agents are designed, rolled out, and tracked.
  • Regularly review policies on data protection, consumer protection, outsourcing, grievance redressal, and fraud risk management as per RBI mandates.
  • Lead compliance audits, reviews, and gap assessments, ensuring remediation of findings.
  • Oversee vendor / partner due diligence from a compliance perspective, especially for cross-border arrangements.

    • Strategic Business Partnership

  • Partner with business, operations, technology, and product teams to embed compliance and AML / CFT controls in processes.
  • Support cross-border product launches and PPI innovations with compliance guidance.
  • Anticipate regulatory expectations and proactively build systems that are regulator-ready.

    • Qualifications & Experience

  • Minimum 10–15 years of experience in compliance, risk, or legal roles within banking, fintech, payments, or NBFCs.
  • Strong knowledge of RBI regulations applicable to Payment Aggregators, PPIs, and Cross-Border Payment arrangements.
  • Must have prior experience as an MLRO or senior AML officer, with deep familiarity with PMLA, FIU-IND guidelines, and AML / CFT frameworks.
  • Proven ability to engage with RBI, FIU, and other regulators effectively.
  • Law, Finance, or Compliance degree (LLB, CA, CS, MBA, or equivalent). CAMS / ICA certification preferred.

    • Key Skills :

  • Deep expertise in AML / CFT frameworks and regulatory compliance.
  • Strong leadership and ability to build a compliance-first culture.
  • Excellent stakeholder management and communication skills.
  • High integrity, sound judgment, and the ability to balance compliance with business needs.
  • Analytical mindset with attention to detail.
  • Success Metrics
  • 100% timely submission of regulatory reports.
  • Zero major compliance breaches or penalties from RBI / FIU-IND.
  • Effective AML / CFT framework with timely STR / CTR filings.
  • Successful audits with minimal findings.
  • Strong regulator confidence in Pay10’s compliance framework.
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    Compliance Officer • New Delhi, Republic Of India, IN