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
• Track regulatory developments and conduct impact assessments for new RBI circulars and FEMA notifications
• Partner with Product and Business teams to ensure compliance-by-design in cross-border products
• Design and implement regulatory controls, including transaction flow controls and reporting frameworks
• Support regulatory inspections, audits, and supervisory interactions
• Act as a central compliance point of contact for cross-border initiatives

Requirements

• 5–6 years of experience in regulatory compliance within payments, fintech, banking, or financial services
• Strong working knowledge of FEMA, RBI Master Directions, and FX/remittance frameworks
• Experience working with cross-functional teams like Product, Legal, and Treasury
• Hands-on experience in regulatory interpretation and advisory
• Ability to translate complex regulations into practical business solutions

Preferred Qualifications

• Experience in a global or multinational organization
• Exposure to Payment Aggregators, AD-II entities, or card networks
• 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 center
• Parental support including maternity, paternity, and adoption assistance
• Retirement benefits including PF, Gratuity, and NPS
• Mobility and relocation benefits

About the Company

PhonePe is a leading digital payments platform in India with over 600 million registered users. The company offers a wide portfolio of financial products including insurance, lending, and wealth management services.