Assistant Manager – Regulatory Compliance

Bangalore, India

We are looking for a proactive and detail-oriented candidate for the Assistant Manager – Compliance role. The candidate will support regulatory compliance, AML/CFT activities, banking partner audits, and compliance reviews of new products and partnerships, ensuring adherence to applicable RBI guidelines and other regulatory requirements. The role will contribute to strengthening our compliance framework in a growing fintech environment.

Company Overview
  • PayGlocal is a global payments company that fosters global commerce. Our suite of offerings facilitate cross-border payments and solve the challenges surrounding it through three main pillars - the business, the experience and the associated risk.
  • Founded by finance veterans and experts, our understanding of merchant business, international business, security and regulatory standards help build impactful payment solutions. We partner with large enterprises and export merchants for seamless customer payment journeys.
  • Be a part of lasting innovation - create new products, new processes and new standards. Join us to help us shape the future of payments.
What will you be working on
  • Regulatory Monitoring and Compliance: Monitor RBI circulars, Master Directions, FEMA notifications, and other applicable regulatory guidelines. Analyse regulatory changes and prepare impact assessment notes for relevant internal stakeholders.
  • AML/CFT Compliance: Support Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) obligations under the Prevention of Money Laundering Act (PMLA), including transaction reviews, identification of suspicious activities, and preparation and filing of Suspicious Transaction Reports (STRs), as applicable.
  • Banking Partner Audits: Coordinate and support audits of banking partners, including documentation, information gathering, tracking observations, and monitoring the closure of audit findings.
  • Product and Partnership Reviews: Assist in evaluating new products, features, business initiatives, and partnerships to identify compliance risks and ensure alignment with applicable regulatory requirements.
  • Policies and Standard Operating Procedures (SOPs): Assist in the periodic review and updation of internal compliance policies, procedures, and SOPs to reflect regulatory changes and evolving business requirements.
  • Compliance Awareness and Training: Support the design and delivery of compliance awareness sessions, training programs, and best-practice guidance for internal teams to strengthen the organization's compliance culture.
  • Regulatory Compliance Support: Assist in maintaining compliance documentation, tracking regulatory obligations, supporting internal reviews, and coordinating with relevant stakeholders to address compliance gaps.
  • Risk Identification and Mitigation: Identify potential compliance risks arising from business operations, regulatory developments, and new initiatives, and support the implementation of appropriate mitigation measures.
  • Cross-functional Coordination: Work closely with internal teams and external stakeholders, including banking partners, to support timely resolution of compliance-related queries and requirements.
Qualifications
  • Education: CA, LLB, or MBA preferred. Certifications in Risk Management, Compliance, or AML are an added advantage.
  • Experience: Up to 3 years of relevant compliance experience in a Payment Aggregator, bank, fintech, or regulated financial services organization.
  • Regulatory Knowledge: Working knowledge of the Payment and Settlement Systems Act, 2007, RBI regulations for Payment Aggregators, KYC Master Direction, PMLA, FEMA, and AML/CFT requirements.
  • Functional Skills: Strong analytical, documentation, communication, and stakeholder management skills, with attention to detail and the ability to manage multiple priorities.
  • Industry Knowledge: Familiarity with the Indian fintech and payments ecosystem, cross-border payments, and banking partner operations is preferred.
  • Tools: Familiarity with Compliance, Governance, Risk and Compliance (GRC), or regulatory tracking tools is an advantage.
  • Behavioural Competencies: Proactive, self-driven, adaptable, and accountable, with high standards of integrity and confidentiality.