Risk & Compliance Manager – FinTech / Payments

Location: Navi Mumbai

Experience: 4–7 Years

Employment Type: Full-Time

Industry: FinTech / Digital Payments

Work Mode: On-site

About the Role

We are looking for an experienced Risk & Compliance Manager to strengthen and manage the risk and compliance framework supporting our FinTech and payment operations.

You will work closely with Banks, Payment Aggregators (PAs), Payment Gateways (PGs), merchants and internal Product, Operations, Technology and Business teams to ensure merchants, products, partnerships and payment activities operate within applicable regulatory, partner and internal risk requirements.

This is a hands-on role requiring strong knowledge of merchant due diligence, KYC/KYB, AML/CFT, transaction risk, regulatory compliance and the Indian digital-payments ecosystem.

Key Responsibilities

- Develop, implement and maintain risk and compliance policies, SOPs, controls, checklists and risk matrices.
- Manage Merchant KYC/KYB, Customer Due Diligence (CDD) and onboarding risk assessments.
- Conduct merchant and partner due diligence before onboarding and activation.
- Review merchant business models, websites/apps, licenses, ownership structures, UBOs, use cases and supporting documents.
- Perform risk-based merchant classification and Enhanced Due Diligence (EDD) for high-risk merchants/use cases.
- Assess financial, operational, regulatory, fraud, reputational and transaction risks.
- Maintain controls for prohibited/restricted merchant categories and high-risk business models.
- Support AML/CFT, sanctions/PEP screening, adverse-risk checks and transaction monitoring processes.
- Investigate and escalate suspicious, unusual or high-risk merchants and transactions.
- Establish risk controls for collections, payouts and other payment services.




- Conduct periodic merchant/risk reviews and ensure KYC/KYB information remains current where applicable.
- Coordinate compliance requirements, audits and risk queries with Banks, PAs/PGs and payment partners.
- Support compliance with applicable RBI, NPCI, PMLA, KYC/AML and partner-bank requirements, as relevant to the company's business model.
- Review new products, payment flows, merchant use cases and partnerships from a risk/compliance perspective before go-live.
- Maintain compliance documentation, evidence, audit trails, MIS, dashboards and management risk reports.
- Handle bank/partner audits, compliance questionnaires, information requests, observations and remediation plans.
- Track regulatory developments and translate relevant changes into policies, controls and operational actions.
- Coordinate with Product, Technology, Operations and Business teams to close compliance gaps within agreed timelines.
- Support management with risk reporting, material compliance issues, exceptions and recommended controls.

Required Skills & Experience
- 4–7 years of relevant experience in FinTech, Payments, Banking, Risk, AML or Compliance.
- Strong hands-on understanding of KYC/KYB, CDD/EDD, AML/CFT, UBO identification, sanctions screening and transaction monitoring.
- Experience with Banks, Payment Aggregators, Payment Gateways, PSPs or FinTech companies.




- Good working knowledge of RBI/NPCI requirements and the Indian digital-payments regulatory environment.
- Experience reviewing merchant businesses, websites, licenses, ownership structures and payment use cases.
- Ability to identify compliance/risk gaps and recommend proportionate controls.
- Experience handling audits, partner compliance reviews and remediation.
- Strong analytical, investigative and documentation skills.
- Solid Excel, MIS and risk-reporting capability.
- Good written and verbal communication with the ability to coordinate confidently with banks, partners, merchants and senior internal stakeholders.

Preferred Experience Experience with one or more of the following will be advantageous:

Payment Aggregators / PSPs | Payment Gateways | Merchant Acquiring | UPI | IMPS | NEFT/RTGS | Collections | Payouts | Reconciliation | Settlement | Fraud Risk | Transaction Monitoring | Sanctions Screening | Escrow/Trust Structures

Relevant certifications in AML, Compliance, Risk or Financial Crime such as CAMS or equivalent are advantageous, but not mandatory.

What We're Looking For

We are looking for someone who can balance commercial enablement with strong risk judgement.

The right candidate should not simply identify that something is “non-compliant.” You should be able to determine:

What is the risk?

What regulatory or partner requirement applies?

How material is the exposure?

What evidence is missing?

Can the risk be controlled or mitigated?

Should the merchant/product proceed, proceed with conditions, or be escalated?

What controls and monitoring should be implemented?

The objective is to enable the business to scale without compromising regulatory, partner or risk standards.

Pay: ₹1,000,000.00 - ₹1,400,000.00 per year

Work Location: In person

📌 Risk & Compliance Manager – FinTech / Payments (Vashi)
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