Key responsibilities
- Monitoring compliance of NPCI member banks and other entities to circulars, guidelines and directives issued by NPCI
- Reviewing business proposals from the perspective of applicable RBI guidelines / laws and guiding the business / product teams
- Coordination, reviewing and evaluating business’s responses related to observations from RBI Inspection, before final submission
- Facilitating and handling product audits including internal audit, annual statutory and periodic quality audits, regulatory audit / inspection,
- Managing cross functional teams across departments for product governance and compliance
- Handling queries of member institutions with regard to guidelines issued by NPCI
- Liaison with RBI, financial institutions and banks wherever required
- Automation of processes for handling product governance and compliances for NPCI and its members.
Good understanding of payments and cards related compliance.
- Liaison with IBA and other authorities, financial institutions and banks wherever required
- Automation of processes for handling product governance and compliances for NPCI and its members.
Monitoring compliance of NPCI member banks and other entities to circulars, guidelines and directives issued by NPCI
- o Reviewing business proposals from the perspective of applicable RBI guidelines / laws and guiding the business / product teams
- o Coordination, reviewing and evaluating business’s responses related to observations from RBI Inspection, before final submission
- o Facilitating and handling product audits including internal audit, annual statutory and periodic quality audits, regulatory audit / inspection,
- o Managing cross functional teams across departments for product governance and compliance
- o Handling queries of member institutions with regard to guidelines issued by NPCI
- o Liaison with RBI, financial institutions and banks wherever required
- o Automation of processes for handling product governance and compliances for NPCI and its members.
Good understanding of payments and cards related compliance.
- o Liaison with IBA and other authorities, financial institutions and banks wherever required
- o Automation of processes for handling product governance and compliances for NPCI and its members.
Requirements
- Experience in payments compliance (UPI, IMPS, Cards & other digital payment channels)
- Good understanding of payment transaction flow for UPI, IMPS, Cards and NACH
- Should be well versed with payment and system settlement act (PSS Act)
- Good understanding of AI and usage of AI tool
- Managing
multiple stakeholders such as business team, product team, regulator and ecosystem participants.
Skills Required
- Experience in payments compliance, including UPI, IMPS, Cards, and other digital payment channels
- Understanding of payment transaction flows for UPI, IMPS, Cards, and NACH
- Knowledge of the Payment and System Settlement Act (PSS Act)
- Understanding of AI and use of AI tools
- Experience managing multiple stakeholders, including business, product, regulators, and ecosystem participants
What We Do
NPCI is an umbrella organisation for all retail payment systems in India. It was set up with the support & guidance from Reserve Bank of India (RBI) & Indian Banks Association (IBA). A registered company under Section 8 of the Companies Act, 2013. Watch the NPCI Corporate AV - https://youtu.be/RGl9YQ6CB20 Products & Services Unified Payments Interface Unique payment solution which empowers a recipient to initiate the payment request from a smartphone. It facilitates 'virtual payment address' as a payment identifier for sending & collecting money & works on single click 2 factor authentication. Immediate Payment Service A 24X7, real time, cost effective, independent channel, retail payment service, introduced by NPCI, empowering customers to transfer money instantly with banks & RBI authorised PPIs across India. RuPay Robust card scheme designed to offer payment products with superior features & processes specifically designed to cater to diverse consumer needs. *99# USSD based mobile banking platform that makes banking services accessible to all the bank account holders on their mobile phones. National Automated Clearing House Centralised payment system developed with an aim to consolidate multiple ECS systems running across the country & provide a framework for the removal of local barriers/inhibitors. Aadhaar Enabled Payment System Bank led model which allows online financial inclusion transactions at micro-ATMs through the business correspondent of any bank using the Aadhaar authentication. e-KYC Electronic way of conducting authentic & real time KYC of a customer using Aadhaar authentication. Cheque Truncation System Electronic image of the cheque is transmitted to the drawee bank by the clearing house, along with relevant information. National Financial Switch Facilitates routing of ATM transactions through inter-connectivity between its member institutions thereby enabling the citizens of the country to utilise any ATM of a connected entity
