Principal Officer – Payment Service Provider (PSP)
Alpaca
AI Summary
The vacancy is well-detailed with clear responsibilities, compensation, and requirements, but lacks direct company links.
Description
Alpaca is seeking a Principal Officer for regulatory compliance and AML/CFT oversight in India.
The role involves ensuring compliance with IFSCA, FEMA, and PMLA regulations for a PSP operating in IFSC.
Alpaca is a US-headquartered self-clearing broker-dealer and brokerage infrastructure for stocks, ETFs, options, crypto, fixed income, 24/5 trading, and more.
Our recent Series D funding round brought our total investment to over $320 million, fueling our ambitious vision.
Amongst our subsidiaries, Alpaca is a licensed financial services company, serving hundreds of financial institutions across 40 countries with our institutional-grade APIs.
This includes broker-dealers, investment advisors, wealth managers, hedge funds, and crypto exchanges, totaling over 9 million brokerage accounts.
Our global team is a diverse group of experienced engineers, traders, and brokerage professionals who are working to achieve our mission of opening financial services to everyone on the planet.
We're deeply committed to open-source contributions and fostering a vibrant community, continuously enhancing our award-winning, developer-friendly API and the robust infrastructure behind it.
## What you'll do
- •Ensure compliance with IFSCA (Payment Services) Regulations and applicable circulars.
- •Oversee adherence to licensing conditions, capital requirements, safeguarding norms, and operational controls.
- •Act as the designated regulatory liaison with IFSCA.
- •Oversee compliant fund flows between client bank accounts, PSP systems, and Broker-Dealer trading accounts.
- •Ensure adherence to FEMA, 1999 and applicable foreign exchange regulations in IFSC.
- •Implement and supervise AML/CFT framework including KYC, CDD/EDD, sanctions screening, and transaction monitoring.
- •Report compliance and risk matters to the Board.
## Conditions
- •Competitive Salary & Stock Options
- •Health Benefits
- •New Hire Home-Office Setup: One-time USD $500
- •Monthly Stipend: USD $150 per month via a Brex Card
Requirements
- •Senior level experience in regulatory compliance, AML/CFT, FEMA, PMLA, and IFSCA.
- •Experience with cross-border transactions and governance.
- •Ability to act as the primary interface with IFSCA, FIU-IND, AD Banks, and other authorities.