Role & responsibilities

Audit Planning & Sample Management

- Coordinate with the Bank team for quarterly merchant sample allocation.
- Review merchant samples and identify duplicate samples from previous audit periods.
- Coordinate with stakeholders for sample confirmation and document collection.

Document Collection & Follow-up

- Follow up with Payment Aggregators for pending KYC and AML documents within defined timelines.
- Maintain accurate quarter-wise audit trackers in Excel.
- Send weekly status updates and ensure all pending actions are tracked to closure.

KYC, AML & MCC Review

- Review KYC documents against the Payment Aggregators Board Approved KYC Policy.
- Verify completeness, validity and relevance of mandatory merchant documents.
- Verify AML screening evidence, screening dates, system records and supporting documents.
- Review Merchant Category Code (MCC) against the merchants actual business activity / Line of Business.
- Identify prohibited, restricted or inappropriate MCC classifications and escalate / recommend corrective action.
- For Payment Gateway merchants, review website/app-related requirements such as business details, policies, pricing, checkout flow, SSL/security and functionality.

Audit Observations & Reporting

- Prepare clear and accurate audit observations for identified gaps.
- Share observations with stakeholders and follow up for clarification / supporting documents.
- Review responses and additional documents submitted by Payment Aggregators and assess whether observations can be closed.
- Prepare and update audit reports covering KYC, AML, MCC and other audit observations.
- Coordinate with the Bank audit team for review comments and incorporate required changes.





Stakeholder Coordination & Governance

- Participate in weekly audit status meetings and document action points wherever required.
- Maintain professional communication and follow the defined escalation matrix

Preferred candidate profile

Qualifications

- Graduate in Commerce / Finance / Banking / Business Administration.

Experience

- 1-3 years of experience in KYC, AML, banking operations, audit, compliance, payment aggregator or fintech operations.
- Candidates with experience in Banking / FinTech / Payment Aggregators / KYC / AML / Internal Audit / Compliance will be preferred.

Key Skills

- Good understanding of KYC and AML concepts.
- Strong document review and analytical skills.
- Good knowledge of MS Excel.
- Strong attention to detail.
- Good written and verbal communication.
- Ability to manage multiple stakeholders and follow-up timelines.
- Ability to identify discrepancies and document audit observations clearly.
- Good email drafting and skilled communication skills.

Who Will Do Well in This Role

- Highly detail-oriented and disciplined with follow-ups.
- Comfortable working with large volumes of documents and Excel trackers.
- Accuracy-driven, ensuring documents are not missed or incorrectly reported as outstanding.

Role: Audit Executive, Industry Type: Accounting / Auditing, Department: Finance & Accounting, Employment Type: Full Time, Permanent Role Category: Audit & Control Education UG: B.Com in Account And Finance, Auditing, Banking and Insurance Key Skills Skills highlighted with ‘‘ are preferred keyskills Merchant Onboarding KYC VerificationDocument VerificationBanking OperationsKYCDocument CheckingAudit Compliance

📌 Kyc Executive (Mumbai)
🏢 Bharat Valley
📍 Mumbai