Associate Manager, Compliance

Assistant Manager/Manager - Regulatory Compliance - Cross-Border

Experience

5–6 years of relevant experience in regulatory compliance, must be within payments, fintech, banking, or regulated financial services.

Role Overview

The Cross-Border Regulatory Compliance role is responsible for ensuring regulatory compliance across international payment flows, foreign exchange transactions, and cross-border financial products. The role focuses on interpreting and implementing regulatory requirements across multiple jurisdictions, with particular emphasis on India-outbound and inbound cross-border transactions.

The role partners closely with Product, Legal, Operations, Risk, Treasury, and Business teams to embed compliance-by-design into cross-border products while supporting business growth within regulatory boundaries.

Key Responsibilities

1. Cross-Border Regulatory Compliance & Advisory

• Interpret and implement cross-border regulatory frameworks including FEMA, RBI Master Directions, Liberalised Remittance Scheme (LRS), Export/Import guidelines, and foreign exchange guidelines.
• Provide regulatory advisory on cross-border payment flows such as:
• Inbound and outbound remittances
• Merchant cross-border collections
• Card-based international transactions
• FX conversion and settlement models
• Assess permissibility of cross-border use cases, structures, and partnerships under applicable regulations.

2. Regulatory Change Management & Prioritization

• Track regulatory developments across India and relevant foreign jurisdictions impacting cross-border products.
• Conduct regulatory impact assessments for new RBI circulars, FEMA notifications, and supervisory communications.
• Prioritize regulatory changes based on risk, business impact, and implementation timelines.
• Drive timely implementation of regulatory changes across systems, processes, and documentation.

3. Product & Business Partnership

• Work closely with Product and Business teams during ideation and launch of cross-border products to ensure regulatory alignment.
• Review and challenge product flows, fund movement, and FX structures to ensure compliance with regulatory intent.
• Support business teams in balancing commercial objectives with regulatory constraints through pragmatic, compliant solutions.
• Act as a trusted advisor to senior stakeholders on cross-border regulatory strategy.

4. Control Design & Governance

• Design and implement regulatory controls for cross-border transactions, including:
• Transaction flow controls
• Regulatory limits and thresholds
• Reporting and reconciliation frameworks
• Establish governance frameworks covering policies, SOPs, regulatory attestations, and internal approvals.
• Ensure regulatory obligations are embedded into operational processes and system logic.

5. Regulatory Engagement & Audit Support

• Support regulatory inspections, audits, and supervisory interactions related to cross-border activities.
• Prepare responses to regulatory queries, inspection observations, and audit findings.
• Coordinate with internal teams to ensure timely remediation and closure of regulatory observations.
• Assist in regulatory reporting and periodic submissions related to cross-border transactions.

6. Stakeholder Management & Communication

• Act as a central compliance point of contact for cross-border initiatives across teams.
• Communicate regulatory expectations clearly to non-compliance stakeholders.
• Escalate material regulatory risks appropriately with clear options and recommendations.
• Influence decision-making through structured, risk-based regulatory analysis.

Must-Have Qualifications & Experience

• 5–6 years of experience in regulatory compliance, must be in payments, fintech, banking, or financial services.
• Strong working knowledge of:
• FEMA and RBI Master Directions
• Cross-border payment regulations
• FX and remittance frameworks
• LRS, export/import and international payment regulations, etc.
• Experience working with cross-functional teams such as Product, Legal, Operations, Risk, and Treasury.
• Hands-on experience in regulatory interpretation, advisory, and implementation.
• Exposure to regulatory audits, inspections, or supervisory interactions is highly desirable.
• Ability to translate complex regulations into practical, implementable business solutions.

Good-to-Have

• Experience working in a global or multinational organization.
• Exposure to multiple jurisdictions or international regulatory frameworks.
• Experience with Payment Aggregators, AD-II entities, or card networks.
• Prior involvement in launching cross-border products or new regulated use cases.
• Certifications or qualifications in compliance, risk, or finance (e.g., CA, CIA, MBA, LLB, CAMS, etc.).

Key Skills & Competencies

• Strong regulatory interpretation and analytical skills
• Structured problem-solving and decision-making
• Ability to balance regulatory risk with business impact
• Excellent stakeholder management and communication skills
• High ownership, judgement, and attention to detail
• Comfort working in fast-paced, evolving regulatory environments