Assistant Manager/Manager – Compliance
Mumbai
Credit – Credit - Legal and Compliance /
Full-time /
Hybrid
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.
The Role
To support LazyPay’s growth plans in India for fintech marketplace, insurance distribution
and credit opportunities, LazyPay is looking for Assistant Manager/ Manager Compliance
with hands-on experience in corporate insurance agency compliance function.
Key responsibilities for this role include:
- Providing support to the local and global compliances team regarding the implementation of LazyPay and PayU group strategies and policies.
- Providing support with regard to mitigating compliance risks.
- Providing support with implementing the legal and regulatory risk compliance programs.
- Providing support to ensure that the PayU businesses in India comply with local and international credit legislations and regulations in addition to handling compliances relating to insurance business including but not limited to Corporate Agent license.
- Compliance with requirement of Insurance Regulatory Development Authority of India in relation to filing returns and forms.
- Reviewing, updating and implementing policies relating to Insurance and fintech companies.
- Liaison with IRDAI on day-to-day matters, respond to communications from IRDAI,
- coordinating with officials in relation to periodical onsite/offsite inspection of the entity etc;
- Managing various audits including but not limited to concurrent audit, internal audit, statutory audit, secretarial audit, etc.
- Maintenance of compliance manual on the basis of notifications / circulars issued by IRDAI and other regulatory authorities, from time to time.
- Ensuring timely filing of various regulatory reporting applicable to the entity and maintaining MIS of returns filed.
- Supporting product and compliance team in complying with PMLA and AML-CFT/KYC norms pertaining to financial sector companies.
- Employee training on internal policies and regulatory norms.
- Providing support to various other departments and regional and global teams.
- Ensuring compliance with various group internal initiatives like rollout of compliance tools, etc.
- Handling customer complaints, dealing with the principal officer etc. including escalations by IRDAI and handling IRDAI portal.
- Such other matters as may be assigned by the seniors from time to time.
Education qualification:
- Company Secretary or Chartered Accountant or MBA. A bachelor’s degree in law will be an added advantage.
Experience:
- 5-7 years of post-qualification experience in Insurance compliance matters.
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.
