Lead/ Senior Lead–Payments Compliance

Payment – Payments India - Legal and Compliance /
Full-time /
About PayU 
PayU, a leading payment and Fintech company in 50+ high-growth markets throughout Asia, Central and Eastern Europe, Latin America, the Middle East and Africa, part of Prosus group, one of the largest technology investors in the world is redefining the way people buy and sell online for our 300.000+ merchants and millions of consumers. 

As a leading online payment service provider, we deploy more than 400 payment methods and PCI-certified platforms to process approximately 6 million payments every single day. 

Thinking of becoming a PayUneer and you are curious to know more about us? Read more about the life in PayU here 




    • To support PayU’s growth plans in India for payments and fintech opportunities, PayU is looking for a lead/senior lead- compliance with a background in payments and/or fintech. The role will be responsible for handling a variety of work involving compliance and regulatory aspects of the payments business.

What you’ll be doing:

    • Providing support to the local and global compliance teams regarding the implementation of PayU’s strategies and policies.
    • Providing support with regard to mitigating compliance risks.
    • Providing support with drafting and implementing legal and regulatory risk compliance programs and hands on support to various business and operations functions in relation to compliance related issues.
    • Providing support to ensure that the PayU businesses in India comply with local and international payments legislations and regulations in addition to handling compliances relating to the payment aggregation, wallet (prepaid payment instruments), offline payments and BBPOU businesses.
    • Handling regulatory filings, maintaining regulatory correspondence and communications, and coordinating with regulatory authorities.
    • Liaison with RBI and other regulatory/government authorities on day-to-day matters, respond to communications, coordinating with officers in relation to periodical offsite/ onsite inspections of PayU group companies, etc.
    • Maintenance of compliance manuals on the basis of notifications / circulars issued by RBI and other regulatory authorities, from time to time.
    • Ensuring timely filing of various regulatory reporting's applicable to the entity and maintaining MIS of returns filed.
    • Supporting product and compliance teams in complying with PMLA and KYC norms.
    • Employee training on internal policies and regulatory norms.
    • Provide support in handling customer complaints, dealing with the nodal officer, ombudsman, etc. including escalations.
    • Such other matters as may be assigned by the seniors from time to time.

What are we looking for:

    • The ideal candidate will be an independent individual with strong experience in payments/ fintech related compliance work who enjoys working in an international, dynamic, and diverse environment. A bachelor's degree is essential and a law degree or company secretarial qualification is a plus. Any additional qualifications such as those in relation to AML will be a plus.

    • The candidate must demonstrate:

    •   Approximately 10 years of compliance experience in payments/ fintech.
    • Expertise in Indian laws and regulations concerning payments and fintech businesses.
    • Ability to conduct research and form views across different legislations and regulations governing various sectors in India.
    • Experience in local and international legislative initiatives such data protection, sanctions, FATF and AML.
    • Experience regarding payment aggregator business, prepaid payment instruments and/ or BBPS business.
    • Experience in drafting and supporting regulatory risk management and compliance programs.
    • Strong communication skills and fluently in English (both written and oral).
    • Key personalities: Efficient, punctual, responsible, transparent, reliable and accountable. 

What we offer

    • Competitive salary and excellent benefits, in a diverse working environment with inspiring and hardworking colleagues.
    • A positive, get-things-done environment at the workplace.
    • A dynamic and constantly evolving space.
    • An inclusive environment that ensures we listen to a diverse range of voices when making decisions.
    • Ability to learn cutting edge concepts and innovation in an agile environment.
    • A flexible working environment where you can drive your outcomes.
    • Company mobile phone, laptop and other tools you might need. 
About us
At PayU, we are a global fintech investor and our vision is to build a world without financial borders where everyone can prosper. We give people in high-growth markets the financial services and products they need to thrive. Our expertise in 18 high-growth markets enables us to extend the reach of financial services. This drives everything we do, from investing in technology entrepreneurs, to offering credit to underserved individuals, to helping merchants buy, sell and operate online. Being part of Prosus, one of the largest technology investors in the world, gives us the presence and expertise to make a real impact. Find out more www.payu.com 

Our Commitment To Building A Diverse And Inclusive Workforce 
As a global and multi-cultural organization with varied ethnicities thriving across locations, we realize that our responsibility towards fulfilling the D&I commitment is huge. Therefore, we continuously strive to create a diverse, inclusive and safe environment, for all of our people, communities and customers. Our leaders are committed to create an inclusive work culture which enables transparency, flexibility and unbiased attention to each and every PayUneer so they can succeed, irrespective of gender, color or personal faith. An environment where every person feels they belong, that they are listened to, and where they are empowered to speak up. At PayU we have zero tolerance towards any form of prejudice whether a specific race, ethnicity, or of persons with disabilities or the LGBTQ communities.