MBA or CA/CS. 13+ years of work experience with Banks/ Fintech in the areas of Compliance, Operational Risk, Audit or similar function.
Candidate should have eye for details, understanding of regulations, strong analytical and logical thinking, and ability to engage and influence cross functional teams.
Candidate shall have a proven track record in taking end-to-end ownership and successfully delivering results in a fast-paced and dynamic business environment.
Excellent verbal and written communication skills with an innate understanding of presenting concepts to different levels of leadership and sections of the organization. Highly organized with multi-tasking skills; able to change direction quickly and in leading through both ambiguity and constant change.

At Amazon Pay, we strive to make digital payments trusted, convenient and rewarding to simplify lives and fulfill aspirations of every Indian. This requires operating in a fast changing and highly regulated environment. In such an environment, we are exposed to multiple risks and opportunities. This requires a leader with strong understanding of payments, regulations and risk to steer the organization through these choppy waters and protect the organization from existing and new risks.

Risk and Compliance Solutions (RCS) is responsible for operational risk management and compliance to laid down regulatory guidelines across PPI, PA, Insurance distribution, UPI, Digital Lending etc. This involves setting up strong risk management framework for risk identification, assessment and continuous monitoring. In addition, RCS also manages key regulatory compliance functions such as AML & CFT, Regulatory Reporting, Regulatory Audit engagements, and Governance.

This role is for Head \xe2\x80\x93 RCS, who will be responsible for regulatory compliance and risk management for Amazon Pay, India. This is a senior role reporting into the Chief Operations Officer, Amazon Pay. This role calls for an individual with domain knowledge, strong judgment and decision-making skills, who can navigate in the area of ambiguity and influence cross functional team with limited authority. The incumbent must bring significant ambition, drive, and an entrepreneurial bent of mind to the organization, particularly in fostering a pragmatic, risk management approach that enables business growth within appropriate guardrails

Key job responsibilities
Risk Management: Design and manage the risk management framework for the organization including identification, assessment, mitigation and monitoring of all regulatory and operational risks impacting the entity. The leader is expected to sharpen the existing risk management policies, risk methodologies, and propose strategies for risk mitigation. They will implement and drive risk management program, by establishing the risk framework and driving consistent standards across the entity. They will Build partnership with First Line of Defense (FLOD) [Business, Tech, Operations], Second Line of Defense (SLOD) [Legal, Infosec] and Third Line of Defense (TLOD) [Internal Audit] and influence their roadmaps
Build Partnerships: Build trust with RBI, FIU and other regulators, based on strong understanding of the regulators agenda, policies and regulatory expectations. Manage regulatory relationships in partnership with other stakeholders [Business, Legal, Public Policy] and represent the organization in meetings with various regulators and industry bodies, FIU India Ministry of Home Affairs, RBI, law enforcement agencies, on risk and regulatory compliance matters. Build relationships with compliance officers of other financial institutions in India and Amazon Pay Risk and Compliance leaders from other Geographies. Emulate best practices and standards.
Regulatory Technology: Own the reg tech strategy and evaluate and deploy reg tech solutions for efficient management of Risk and Compliance.
Business Compliance Assurance: Provide independent assurance of organization\xe2\x80\x99s compliance status with all applicable regulations through design and management of an independent control testing framework. This includes ownership of Operational Risk Management and Risk and Control Self-Assessment program. Provide guidance and support to business team in defining regulatory requirements and development of controls across lines of business
Own AML/CFT Program: Be the Principal Officer and design and run comprehensive program on Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT). This includes working with FIU, Partner, worldwide teams.
Governance: Setup and run Governance mechanism to appraise Board and senior leadership about the regulatory changes, failures/breaches and emerging trends.
Regulatory Audit Management: Plan and manage regulatory exams across regulators like FIU, RBI, IRDAI, NPCI to ensure the exam is well managed. Ensure compliance of supervisory observations.
Regulatory Reporting: Own timely and accurate regulatory reporting through design and management of regulatory reporting infrastructure.
Business Continuity: Manage the business Continuity Program.

About the team
Risk and Compliance Solutions (RCS) is responsible for operational risk management and compliance to laid down regulatory guidelines across PPI, PA, Insurance distribution, UPI, Digital Lending etc. This involves setting up strong risk management framework for risk identification, assessment and continuous monitoring. In addition, RCS also manages key regulatory compliance functions such as AML & CFT, Regulatory Reporting, Regulatory Audit engagements, and Governance.

We are open to hiring candidates to work out of one of the following locations:

Bengaluru, KA, IND

Good understanding of RBI guidelines on KYC, AML & CFT, PPI, PAPG and NPCI guidelines on UPI.
Knowledge on Insurance regulation & lending will be helpful.