Position Title: Head of Compliance

Location: Noida

Experience: 15+ Years

Our Story:

Function Compliance About Spice Money & The Opportunity 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 Compliance is a critical executive role responsible for ensuring that Spice Money adheres both in letter and spirit to all regulatory directions, directives, and expectations. As Spice Money expands its digital payment rails across rural India, the HOC acts as the enterprise anchor for regulatory alignment, safeguard of corporate reputation, and positive regulator advocacy.



As the primary custodian of regulatory compliance, the HOC provides independent assurance to the Board and drives robust compliance governance across all operations.

How You'll Contribute

● Regulatory Oversight & Compliance Framework: Establish, operationalize, and continuously update the company-wide Compliance Management Framework; conduct regular compliance monitoring, testing, and periodic reviews across teams. Ensure total compliance with Master Directions and guidelines issued by key regulatory authorities

● Monitoring & Dissemination: Maintain a hawk's eye on compliance with KYC, AML, PPI Master Directions, and NPCI regulations, ensuring timely dissemination of relevant regulatory guidelines/changes to all employees.

● Regulator Liaison & Advocacy: Lead interactions and coordination with regulators such as RBI, NPCI, FIU, and UIDAI. Engage in positive advocacy on matters impacting Spice Money while fostering constructive regulatory outreach.

● Audits & Inspection Closure: Manage and lead end-to-end management of regulatory inspections, UIDAI audits, RBI System Audits, and PCOMP portal reporting. Take total ownership for timely remediation and closure of inspection findings, audit observations, and gap assessments.

● Governance & Board Reporting: Provide independent assurance on regulatory compliance

● Product Advisory & Digital Initiatives Compliance: Act as an embedded compliance advisor to Business, Product, Operations,



and Technology teams. Review new fintech offerings, digital lending journeys, PPI innovations, cross-border payments, and strategic partnerships from a regulatory perspective to build compliance-by-design.

● Grievance Redressal, Regulatory Filings & Training: Oversee regulatory reporting systems (such as CIMS portal), ensure strict adherence to customer protection and guidelines, and design mandatory compliance training programs for employees and channel partners.

What Will Make You Successful:

● 15+ years of relevant experience in financial regulatory compliance, ideally within fintechs, banks, or fast-paced financial institutions.

● Deep expertise in RBI guidelines, PPI Master Directions, NPCI frameworks, KYC/AML norms, and UIDAI/IRDAI regulatory processes.

● Proven track record of managing direct interactions with key regulatory bodies (RBI, NPCI, FIU, UIDAI).

● Strong stakeholder management skills to partner effectively with Tech, Product, Operations, and Legal teams, translating regulatory mandates into practical operational processes without choking business velocity.

● High analytical and problem-solving capability with an ability to navigate ambiguity in a fast-paced work environment.

● Ability to work in a fast-paced, dynamic environment and thrive under pressure.

● 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 rapid-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 Compliance (India)
🏢 SPICE MONEY
📍 India