Compliance Officer - AD2 (GIFT City - Ahmedabad)

Role: Compliance Officer – Niyo Forex

Location: GIFT City, Gandhinagar (Gujarat)

Department: Compliance & Risk

Employment Type: Full-Time

Company: Kanji Forex Pvt. Ltd. (A fully owned subsidiary of Finnew Solutions Pvt. Ltd)

Entity Type: Authorised Dealer Category II (IFSC Unit)

Company Website: https://niyoforex.com | www.goniyo.com

Brief Description of Company: Niyo was founded in 2015 with the vision of changing the way Indians approach their finances - no matter where they work, what they earn, or how tech-savvy they are. To date, we’ve raised $179.3 Million in funding and have maintained a sharp focus on identifying customers’ banking pain points and crafting solutions that improve their experience in below products and services category:

• •Niyo Global Card (SBM/DCB Bank): Zero-forex markup on international transactions (saving up to 5%), VISA-enabled for worldwide use, and no joining fees.
• •Niyo Global Credit Card: Offers up to 7.25% interest p.a. on linked FD, 1% cashback as global coins, and is designed for seamless international spending.
• •Digital Account Management: 100% digital onboarding, in-app card locking/unlocking, real-time tracking, and 24/7 support.
• •Travel Benefits: Free airport lounge access (1300+ lounges globally) and free international ATM withdrawals.
• •Forex Cash & Remittance: Via fully owned subsidiary :Kanji Forex Private Limited (NiyoForex) provides secure forex cash and international money transfer services.

About the role:

We are looking for an experienced Compliance professional to manage regulatory compliance for our AD Category II operations at GIFT City (IFSC). The role will focus on IFSCA and FEMA compliance, AML/CFT controls, LRS and remittance reporting, and regulatory liaison, ensuring smooth and compliant forex operations.

Key Responsibilities

1.Regulatory & IFSCA Compliance

Ensure compliance with IFSCA regulations, circulars, and directions applicable to AD Category II entities.

Track regulatory updates from IFSCA, RBI (as applicable), and FEMA and implement changes in processes.

Act as a point of contact for IFSCA inspections, audits, and regulatory correspondence.

Prepare and submit periodic regulatory returns and disclosures to IFSCA.

2. FEMA, Forex & LRS Compliance

Oversee compliance with FEMA provisions relating to current account transactions and permissible forex activities.

Monitor Liberalised Remittance Scheme (LRS) transactions, limits, and utilisation checks.

Ensure timely and accurate LRS and remittance reporting (including system/API-based reporting, where applicable).

Coordinate with AD Category I banks and internal teams for reconciliation and confirmations.

3.AML / CFT & Financial Crime

Implement and monitor AML/CFT framework as per IFSCA, PMLA, and FATF standards.

Review KYC, CDD, EDD for retail and corporate forex customers.

Oversee sanctions screening, transaction monitoring, and review alerts.

Ensure timely filing of STRs/CTRs and maintenance of audit trails.

4.Policies, Controls & Governance

Draft and update Forex, AML, KYC, LRS, and Compliance SOPs specific to AD Category II operations.

Conduct periodic compliance testing and internal reviews.

Identify gaps, recommend corrective actions, and ensure closure.

5.Business & Advisory Support

Provide compliance advisory to business teams on new forex products, digital remittance journeys, and partnerships.

Support onboarding of agents, distributors, fintech partners, and vendors.

Balance regulatory requirements with customer experience and operational efficiency.

*Desired Candidate Profile

Strong knowledge of AD Category II regulations, FEMA, and forex operations

Hands-on experience with LRS, outward remittances, and cross-border payments

Working knowledge of IFSCA IFSC framework

Comfortable dealing with regulators and auditors

Strong documentation and stakeholder management skills

Qualifications & Experience

Qualified CA / CS / MBA (Finance) / LLB

AML certifications (ACAMS / ICA) – preferred

At least 3 years of compliance experience in AD Category II / Forex / Banking / Fintech

Prior GIFT City / IFSC exposure is an advantage.

Values:

We live by these core values at Niyo:

Bias For Action

Customer Focus

Innovation

Integrity

Ownership

Teamwork

Finnew Solutions Pvt Ltd is a private limited company incorporated on 23 November 2015, with its registered office at 8th Floor, Unit No G-801 to G-824, Gamma Block, Sigma Soft Tech Park, Ramagondanahalli Village, Varthur Hobli, Whitefield, Bangalore South, Karnataka, India - 560066.

*With a humble beginning in 1935, Kanji Forex Private Limited (Post Acquisition as NiyoForex) is an RBI-authorized Authorised Kanji Forex Private Limited (NiyoForex), an RBI-authorized Authorised Dealer Category II licensed entity, is authorized to facilitate foreign exchange transactions, including outward remittances, as per Reserve Bank of India regulations and operates in full compliance with FEMA, RBI guidelines, and customer due diligence requirements.

Niyo is committed to a diverse and inclusive workplace. Niyo is an equal opportunity employer, and does not discriminate based on race, origin, gender, gender identity, sexual orientation, disability, age, or other legally protected status.

All Selections will be based on standard parameters set for the role, as per company policy and will be subject to assessment via interview or assignment and further background verification process.

© Finnew Solutions Pvt. Ltd. 2026