Compliance ( Insurance) – Senior Manager

About Paytm: Paytm is India’s leading digital payments and financial services company, which is focused on driving consumers and merchants to its platform by offering them a variety of payment use cases. Paytm provides consumers with services like utility payments and money transfers, while empowering them to pay via Paytm Payment Instruments (PPI) like Paytm Wallet, Paytm UPI, Paytm Payments Bank Netbanking, Paytm Fastag and Paytm Postpaid – Buy Now, Pay Later. To merchants, Paytm offers acquiring devices like Soundbox, EDC, QR and Payment Gateway where payment aggregation is done through PPI and also other banks’ financial instruments. To further enhance merchants’ business, Paytm offers merchants commerce services through advertising and Paytm Mini app store. Operating on this platform leverage, the company then offers credit services such as merchant loans, personal loans and BNPL, sourced by its financial partners.

About the Team: The Compliance department has five areas of responsibility—identification, prevention, monitoring and detection, resolution, and advisory for the entity with respect to regulations /laws and is part of the enterprise compliance group at Paytm.

About the role: This role will focus on advising business and overseeing compliance-related matters in the company. Review and approve advertisements, creatives and other areas which have a regulatory bearing under the IRDAI Insurance Brokers Regulations. Liaison with Group Compliance & Legal team and implement Group level Policies and best practices.

1. Ensure timely submission of Forms, Reports, and Returns to the Regulator (IRDAI, MCA, RBI Etc)

2. Keep track of circulars, guidelines, regulations and all regulatory changes with respect to the Insurance Broking business and ensure implementation of the same.

3. Coordinate with Auditors and external parties engaged in Statutory Audits, Internal Audits, IT Audits & inspection of the Company.

4. Provide inputs to business proposals to ensure compliance and regulatory risks are

restricted.

5. Review and approve advertisements, creatives, and other areas which have a regulatory bearing under the IRDAI Insurance Brokers Regulations.

6. Liaison with Group Compliance & Legal team and implement Group level Policies and best practices.

7. Annual Review Policies and processes to align with regulatory changes

1. 2-3 years in the Compliance/Legal Function in a reputed company in Financial Services, Insurance background.

2. Ability and willingness to single-handedly conduct all compliance-related functions.

3. Effective interpersonal skills to communicate and coordinate complex issues and projects with

diverse levels of management.

4. Good Communication and drafting skills.

5. Good working knowledge of MS-Office applications, word, PPT, Excel etc.

6. Desirable but not mandatory – Knowledge of Insurance Brokers' Regulations.

Education: Must be a Qualified CA/ CS /MBA Graduate or an LLB/ LLM is highly preferred.

Why join us? : A collaborative output-driven program that brings cohesiveness across businesses through technology Improve the average revenue per use by increasing the cross-sell opportunities. A solid 360 feedback from your peer teams on your support of their goals. Respect, that is earned, not demanded from your peers and manager.

Compensation: If you are the right fit, we believe in creating wealth for you. With enviable 500 mn+ registered users, 21 mn+ merchants and depth of data in our ecosystem, we are in a unique position to democratize credit for deserving consumers & merchants – and we are committed to it. India’s largest digital lending story is brewing here. It’s your opportunity to be

a part of the story!