Business Compliance

Role Overview

• This person would be handling ecosystem non-compliance within NPCI's Business Compliance Team.

Key responsibilities

Monitoring compliance of NPCI member banks and other entities to circulars, guidelines and directives issued by NPCI Reviewing business proposals from the perspective of applicable RBI guidelines / laws and guiding the business / product teams Coordination, reviewing and evaluating business’s responses related to observations from RBI Inspection, before final submission Facilitating and handling product audits including internal audit, annual statutory and periodic quality audits, regulatory audit / inspection, Managing cross functional teams across departments for product governance and compliance Handling queries of member institutions with regard to guidelines issued by NPCI Liaison with RBI, financial institutions and banks wherever required Automation of processes for handling product governance and compliances for NPCI and its members.

Good understanding of payments and cards related compliance. Liaison with IBA and other authorities, financial institutions and banks wherever required Automation of processes for handling product governance and compliances for NPCI and its members. Monitoring compliance of NPCI member banks and other entities to circulars, guidelines and directives issued by NPCI o Reviewing business proposals from the perspective of applicable RBI guidelines / laws and guiding the business / product teams o Coordination, reviewing and evaluating business’s responses related to observations from RBI Inspection, before final submission o Facilitating and handling product audits including internal audit, annual statutory and periodic quality audits, regulatory audit / inspection, o Managing cross functional teams across departments for product governance and compliance o Handling queries of member institutions with regard to guidelines issued by NPCI o Liaison with RBI, financial institutions and banks wherever required o Automation of processes for handling product governance and compliances for NPCI and its members.

Good understanding of payments and cards related compliance. o Liaison with IBA and other authorities, financial institutions and banks wherever required o Automation of processes for handling product governance and compliances for NPCI and its members.

Requirements

Key skills and experience required Experience in payments compliance (UPI, IMPS, Cards & other digital payment channels) Good understanding of payment transaction flow for UPI, IMPS, Cards and NACH Should be well versed with payment and system settlement act (PSS Act) Good understanding of AI and usage of AI tool Managing multiple stakeholders such as business team, product team, regulator and ecosystem participants.