Compliance Officer Operations Job opening in Worldline, (Mumbai, Maharashtra)

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We got a new job details in Worldline & they are Hiring Candidates for Compliance Officer Operations

Job Details
Company Name :
Company Location :
Mumbai, Maharashtra
Job Position :
Compliance Officer Operations
Job Category : Jobs in Mumbai

Job Description :
About Worldline

Worldline [Euronext: WLN] is the European leader in the payments and transactional services industry and #4 player worldwide. With its global reach and its commitment to innovation, Worldline is the technology partner of choice for merchants, banks and third-party acquirers as well as public transport operators, government agencies and industrial companies in all sectors. Powered by over 20,000 employees in more than 50 countries, Worldline provides its clients with sustainable, trusted and secure solutions across the payment value chain, fostering their business growth wherever they are. Services offered by Worldline in the areas of Merchant Services; Terminals, Solutions & Services; Financial Services and Mobility & e-Transactional Services include domestic and cross-border commercial acquiring, both in-store and online, highly-secure payment transaction processing, a broad portfolio of payment terminals as well as e-ticketing and digital services in the industrial environment. In 2019 Worldline generated a proforma revenue of 5.3 billion euros.


RAB justification that has to be taken from manager (Please follow guidelines mentioned)

BACKGROUND: Please specify work profile in less than 3 sentences

Understanding of RBI Compliance from PA/ PG perspective & Managing Statutory Compliance in line with the new RBI Guidelines
Settlement & Escrow Account Management
Preparation of Detailed Compliance Check list & Close Monitoring of the Escrow A/c Operation
Review and understand the Monthly Audit requirement from the Escrow account perspective
End to end Monitoring of Inflow / Outflow of Fund from Nodal Account perspective
Publishing of MIS / dashboard as per the regulatory requirement
Ensure Adherence of defined TAT

JUSTIFICATION: Please write factual and precise information here. Max 2-3 sentences

This is a new RBI PA Regulatory Compliance requirement to support the Fund Management Activity
The Fund Reconciliation activity is a manual driven process which is carried out on a daily basis
Follow-up on Exception and updating the Dashboard accordingly & publishing updated MIS on a daily basis

IMPACT & CRITICALITY: Please share revenue/business impact if this position is not filled. Mention the reason for urgency. Max 2-3 sentences

It is part of the RBI regulatory requirement which needs to be complied basis the PA / PG Guidelines
Nodal Reconciliation is part of the business process which needs to be undertaken on a daily basis
Non Timely reporting of the exception item can lead to direct Financial impact to the Company
Highlight exception in terms of Short / Excess funds to get the relevant funds from Banks or recovery from Merchants will have a significant impact on the settlement process

The 20 000 employees of Worldline are all different but share the same values. You can see it in the way we behave. We are curious and humble – we are learning every day, we keep things simple and everyone engaged. In our fast-moving industry, we are adaptable and life-long learners. Everyone demonstrates the same dedication to quality and efficiency. We have an entrepreneurial spirit and sense of service. Above all, we never turn our back on a challenge. These values nurture a dynamic and innovative team where everyone can develop and grow

Job Segment: Operations Manager, Operations

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