Fintech Firm FatakPay Announces Search for Compliance Manager in Mumbai

Overview

FatakPay, a fast‑growing fintech group operating across lending, insurance distribution and a SEBI‑registered Category II Alternative Investment Fund (AIF), has posted a vacancy for a Compliance Manager on its LinkedIn Jobs page. The role is based in Mumbai, Maharashtra, and is an onsite position with a single work‑from‑home day on Saturdays.

Employer Profile

FatakPay describes itself as a diversified financial‑technology company with business lines that include:

• NBFC/Lending – providing credit through a non‑bank financial company (NBFC) and a lending service provider (LSP).
• Insurance Distribution – acting as a corporate agent under the Insurance Regulatory and Development Authority of India (IRDAI).
• Alternative Investment Fund – managing a SEBI‑registered Category II AIF.

The firm emphasizes rapid growth and a “compliance‑first culture” while maintaining the agility typical of startups.

Role Summary

The Compliance Manager will own regulatory compliance, policy formulation, and conduct oversight across all three business verticals. Key duties include:

• Ensuring adherence to Reserve Bank of India (RBI) directions such as Responsible Business Conduct, Know‑Your‑Customer (KYC), and digital‑lending norms.
• Monitoring regulatory updates from RBI, IRDAI and SEBI, and driving implementation with technology and business teams.
• Coordinating regulatory returns, filings, disclosures and CIC reporting with finance, secretarial and legal functions.
• Reviewing borrower journeys, loan agreements and marketing material for disclosure and consent compliance.
• Overseeing LSP/DLA compliance, including due‑diligence and periodic reviews of partners and vendors.
• Supporting KYC/AML implementation and data‑privacy compliance.
• Drafting and updating board‑approved policies and SOPs (e.g., Fair Practices, outsourcing, grievance handling, interest & charges).
• Conducting compliance testing, thematic reviews and reporting findings to senior management and board committees.
• Providing compliance sign‑off on new products, process changes and partnerships.
• Assisting with RBI, IRDAI and SEBI inspections by preparing responses, evidence and action‑plan trackers.
• Liaising with auditors/consultants and reviewing documents from a regulatory perspective.
• Delivering compliance awareness and training for employees and partners.

Specific Insurance and AIF Responsibilities

• IRDAI – Corporate Agent: Ensure periodic returns, filings, and monitor sales practices to prevent mis‑selling; handle policyholder grievances.
• SEBI – Category II AIF: Manage PPM filings, periodic submissions, investor grievances, KYC/AML for investors, conflict‑of‑interest monitoring, and coordination with trustees and auditors.

Eligibility Criteria

• Experience: 3–7 years of relevant compliance experience, preferably within NBFCs, fintech firms or broader financial services.
• Regulatory Knowledge: Strong working knowledge of RBI regulations for NBFCs (fair practices, responsible business conduct, KYC/AML, outsourcing, digital lending). Experience with IRDAI corporate‑agent compliance and SEBI AIF compliance is highly preferred.
• Skills: Excellent drafting, analytical, communication and stakeholder‑management abilities; capacity to work independently, juggle multiple priorities and thrive in a fast‑paced environment.

Location & Work Arrangement

• City: Mumbai, Maharashtra, India
• Work Model: On‑site five days a week (Monday‑Friday) with one work‑from‑home day on Saturday.

Compensation, Deadline, and Selection Process

• Salary: not specified
• Application Deadline: not specified
• Selection Process: not specified
• Application Steps: not specified

How to Apply

Interested candidates can view the full posting and submit their application through the official LinkedIn Jobs link: [https://in.linkedin.com/jobs/view/compliance-manager-at-fatakpay-4482278882](https://in.linkedin.com/jobs/view/compliance-manager-at-fatakpay-4482278882)

Practical Implications for Job Seekers

• Industry Context: The role sits at the intersection of three heavily regulated sectors—banking, insurance and asset management—making it attractive for compliance professionals seeking breadth of exposure.
• Career Path: Successful performance could position a candidate for senior compliance leadership within fintech or traditional financial institutions, given the cross‑functional nature of the responsibilities.
• Comparative Landscape: Similar compliance roles in Mumbai’s fintech ecosystem (e.g., at Snapmint, IDFC FIRST Bank, or CoinDCX) often list explicit salary bands and detailed interview stages. FatakPay’s omission of these details suggests a more exploratory recruitment approach, possibly relying on referrals (the posting notes referrals can double interview chances).

Confirmed vs. Unknown Details

| Aspect | Confirmed | Unknown / Not Specified | |--------|-----------|--------------------------| | Employer | FatakPay (fintech group) | – | | Role Title | Compliance Manager | – | | Core Responsibilities | Listed in posting (regulatory compliance, policy drafting, oversight, etc.) | – | | Required Experience | 3–7 years, relevant sector | – | | Required Skills | Regulatory knowledge, drafting, stakeholder management | – | | Location | Mumbai, onsite 5 days + Saturday WFH | – | | Salary | – | Not disclosed | Application Deadline | – | Not disclosed | Selection Process | – | Not disclosed | Application Steps | – | Not disclosed

Verifying the Information

Readers can verify every detail by visiting the original LinkedIn Jobs posting linked above. The page includes the full job description, company overview, and any updates the employer may add after this report’s publication.

--- This article is based solely on the publicly available LinkedIn job posting for FatakPay’s Compliance Manager position. No additional information has been inferred or fabricated.