The Flipkart invited applications for the posts of Associate Director.
Qualifications
- CA/CS/MBA. Certifications in Compliance with be preferred.
- Understanding of AML/Financial Services products and regulatory obligations/IT laws on Digital Assets from Indian Financial Services
- Prior experience in NBFC/Fintech/Banks is a great added advantage.
- Good writing and communication skills, especially while dealing with regulatory issues.
Responsibilities
- Work and enable Support in developing and implementing an effective compliance program to meet the regulatory expectations of the Fintech and Payments Team including but not limited to areas such as Payments, Lending, Insurance, Gift Cards, Credit Cards, BBPS, UPI-TPAP etc.
- To cover and include regulatory compliance including anti-money laundering, anti-fraud, customer protection, and complaints handling framework (including policies, procedures, identifying root cause, monitoring, training, awareness, and ongoing risk assessment) for Flipkart’s Fintech and Payments Business.
- To develop anti-money laundering, anti-fraud policies and procedures, monitoring, training, and awareness programs, and ongoing risk assessment as per Indian regulatory stipulations such as PMLA 2002/RBI KYC Master Direction 2006/CERT-In stipulations to Digital Assets, etc.
- To analyze and implement the Indian regulatory and financial services compliances relating to RBI circulars towards NBFCs/Lending and Business Correspondents etc.
- To analyze and implement the IRDAI circulars towards the sale of insurance and ISNP-related compliance including but not limited to IRDAI/Cert-In-based Audits etc.
- Review and approve Fintech products advertising.
- To support and implement regulatory guidelines relating to Corporate Agency business of IRDAI including Grievance redressal mechanisms as prescribed by regulators.
- To work closely with the IT Security team to implement the cyber security controls that emanate from regulatory stipulations of regulators such as RBI/NPCI/IRDAI etc.
- To comply with all regulatory reporting to RBI/IRDAI/NPCI/Others as per stipulations.
- Be the support to the leader for RBI/IRDAI/NPCI and any other Fintech inspections from regulatory bodies.
- Work with the Financial Services & Payment team and its related entities engaged in fintech, responsible for the execution of the compliance strategy for RBI circulars released from time to time.
- Respond to regulatory inquiries and/or administrative actions related to Company policies and procedures and compliance with product-specific regulations.
- Work closely with teams across the organization including Legal, Financial Services, International, and other teams to resolve regulatory reporting issues.
- Monitor and present regulatory reporting issues in a meaningful way, including analyzing and summarizing status from various sources.
- Ensuring clear, transparent, and complete product disclosure, taking into account Consumer financial literacy levels. Ensure sign-up processes for Financial Services products are understood and easy.
JOB LOCATION: Bangalore
For more details and to apply, click here
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