Associate Manager, Compliance

Responsibilities

• Interpret and implement cross-border regulatory frameworks including FEMA, RBI Master Directions, and LRS.
• Provide regulatory advisory on inbound/outbound remittances, merchant collections, and FX conversion models.
• Track regulatory developments and conduct impact assessments for new RBI circulars and FEMA notifications.
• Partner with Product and Business teams to embed compliance-by-design into cross-border product launches.
• Design and implement regulatory controls, including transaction flow controls and reporting frameworks.
• Support regulatory inspections, audits, and supervisory interactions.
• Manage stakeholder communication by translating complex regulations into practical business solutions.

Requirements

• 5–6 years of regulatory compliance experience within payments, fintech, banking, or regulated financial services.
• Strong working knowledge of FEMA, RBI Master Directions, and cross-border payment regulations.
• Deep understanding of FX and remittance frameworks, including LRS and export/import guidelines.
• Proven experience working with cross-functional teams such as Product, Legal, Risk, and Treasury.
• Hands-on experience in regulatory interpretation, advisory, and implementation.
• Ability to balance regulatory risk with commercial business objectives.

Preferred Qualifications

• Experience working in a global or multinational organization.
• Exposure to Payment Aggregators, AD-II entities, or card networks.
• Experience launching new cross-border products or regulated use cases.
• Professional certifications such as CA, CIA, MBA, LLB, or CAMS.

Benefits

• Comprehensive insurance including Medical, Critical Illness, Accidental, and Life Insurance.
• Wellness programs and onsite medical support.
• Parental support including Maternity, Paternity, and Adoption assistance.
• Retirement benefits including PF contribution, Gratuity, and NPS.
• Additional perks such as Higher Education Assistance and Car Lease programs.

About the Company

PhonePe is a leading digital payments platform in India, serving over 600 million registered users and 40 million merchants. The company's ecosystem includes financial services like insurance, lending, and wealth management, as well as new consumer tech ventures. PhonePe aims to unlock the flow of money and access to services for every Indian.