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Associate Director - UPI / BBPS Compliance

Associate Director - UPI / BBPS Compliance

Seven N Halfguwahati, assam, in
17 hours ago
Job description

Competencies & Skills :

  • Competence in interpreting payments compliance laws and regulations.
  • In-depth knowledge of payments industry (particularly UPI, BBPS products) and regulatory landscape.
  • 7-9 years of relevant work experience in managing the regulatory compliances for UPI and BBPS products within a bank or fintech company.
  • Ability to drive regulatory implementation across business functions.
  • Experience in conducting compliance reviews, testing, and driving corrective actions.
  • Reporting of gaps in regulatory compliances and driving timely closures.
  • Managing regulatory relationships – internal and external
  • Excellent reporting procedures and record keeping.
  • Proficient in creating impactful PowerPoint presentations and comprehensive report writing.

Regulatory Compliance :

  • Track, interpret and disseminate regulatory requirements to internal stakeholders.
  • Advise the business on implementation of new regulatory updates or changes in the existing regulations / circulars / guidelines related to UPI and BBPS products.
  • Maintain a library of compliance rules for UPI and BBPS.
  • Record Keeping of all regulatory circulars and correspondences.
  • Monitoring closure of action points related to regulatory updates.
  • Publish MIS / dashboard on regulatory updates and implementation status, critical observations, as per defined frequencies.
  • Ensure timely submission of regulatory reports, as applicable.

    • Compliance Testing :

  • Facilitate timely compliance self-attestations from business functions.
  • Conduct periodic compliance testing on the regulatory controls as per compliance calendar and to ensure timely completion.
  • Conduct compliance acceptance test on all the regulatory controls within defined period.
  • Prepare comprehensive compliance testing reports highlighting exceptions, non - compliances, and potential issues.
  • Monitor and ensure timely closure of issues raised in compliance testing reports.

    • Compliance review :

  • Review product / process notes during design and launch phases to identify regulatory compliance risks.
  • Track and ensure closure of open compliance risks.
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    Associate Compliance • guwahati, assam, in