Job Title: Head of Risk

Location: Noida

Experience: 15+ Years

Our Story:

Founded in 2000 by Dilip Modi, Spice Money Limited is India's leading rural fintech company, headquartered in Noida and operating as a subsidiary of DiGiSPICE Technologies Limited, a publicly listed entity. The company is driven by a strong mission to accelerate financial inclusion and empower the underserved Bharat through technology-enabled financial services. With a network of 1.6+ million Adhikaris across India, the company enables last-mile access to essential services including AEPS cash withdrawal and deposits, domestic money transfer, bill payments, insurance, micro-ATM services, credit solutions, travel bookings, account opening, and UPI-led digital payments. Spice Money has consistently introduced industry-first innovations such as a zero-cost Adhikari platform, one of India's largest assisted payments networks, a rural credit marketplace, and Spice Money UPI & Spice Pay wallet to accelerate digital adoption in smaller towns and villages. Operating across 95%+ pincodes with a team of 1,000+ employees, Spice Money combines the agility of a high-growth fintech with the scale and impact of a nationwide distribution network—creating meaningful economic opportunities and driving the next phase of financial inclusion in India.

Why This Role Matters:

The Head of Risk is a crucial executive role responsible for shaping and upholding the company's enterprise risk governance, fraud prevention architecture, and regulatory risk compliance framework. As Spice Money scales digital transactions across millions of rural merchant locations, this leader ensures independent risk oversight, builds resilient transaction monitoring systems, safeguards partner bank integrations, and provides transparent assurance to the Board of Directors and Risk Management Committee (RMC), balancing bold financial inclusion growth with robust control and security.





How You'll Contribute:

- Risk Governance & Policy Framework: Develop, implement, and maintain robust board-approved policies and Standard Operating Procedures (SOPs) for identifying, assessing, and mitigating operational, credit, market, technology, cybersecurity, reputational, and strategic threats across the organization.
- Real-Time Fraud Prevention & Monitoring: Oversee digital transaction monitoring, secure payment gateways, and real-time fraud monitoring systems to minimize loss, identify anomalies, analyze exception reports, and stay ahead of evolving industry fraud trends.
- Enterprise Risk Oversight & Control Testing: Lead enterprise-level risk identification and mitigation, establish internal control frameworks, conduct rigorous adherence testing of laid-down policies/SOPs, and continuously evaluate Risk & Control Self-Assessments (RCSA).
- Regulatory & Partner Bank Compliance: Ensure full compliance with Business Correspondent (BC) guidelines, coordinate with multiple partner banks, enforce adherence to banking agreements, and ensure regulatory alignment across all fintech service lines.
- Product & Digital Initiative Risk Assessment: Review new digital products, financial marketplace offerings, payment wallets, and strategic tech initiatives from a risk perspective prior to launch to embed risk controls by design.
- Automation & Tech Integration: Drive the implementation of modern technological systems, automated monitoring dashboards,



and advanced data analytics to strengthen the company's risk, compliance, and exception tracking framework.
- Board Assurance & Reporting: Provide independent, periodic reporting and insights to the Risk Management Committee (RMC) and Board of Company on key risk metrics, emerging risk vectors, mitigation plans, and regulatory compliance posture.

What Will Make You Successful:

- Qualifications & Experience: CA / MBA / Masters in Finance or Risk Management with 15+ years of relevant experience in Risk Management, Fraud Control, and Governance.
- Domain Expertise: Proven background in FinTech, Banking, Financial Services, Payment Systems, or Fast-paced high-volume transaction environments.
- Technical & Analytical Skills: Deep expertise in digital payment risk, fraud detection technologies, transaction monitoring systems, data analytics, and exception handling.
- Regulatory Acumen: Strong familiarity with RBI guidelines, Business Correspondent (BC) ecosystems, NPCI regulations, cybersecurity standards, and banking partnership compliance.
- Leadership & Stakeholder Management: Proven track record of handling senior board-level reporting, collaborating with multiple partner banks, external auditors, regulatory bodies, and internal cross-functional business heads.
- Problem-Solving & Agility: Strong analytical acumen, sharp learning curve, ability to manage ambiguity, and drive robust risk governance in a high-growth, fast-scaled operating environment.

- We hold our value system very dear- Our Sanskaars. Visit our website to ensure your personal value system aligns to ours to ensure we succeed together.
- Ability to work in a fast-paced, dynamic environment and thrive under pressure.
- We will truly value your intent, ability to create impact, passion to make a difference, collaboration within and across teams. Can-do attitude matters!

📌 Head of Risk (Noida)
🏢 SPICE MONEY
📍 Noida