Risk Manager

Company Description InstiFi, powered by Instanow Info Systems Private Limited, is a fully authorized online Payment Aggregator and Payment Gateway (PAPG) serving consumers, merchants, and offline platforms across India. The company’s mission is to empower half a billion Indians by integrating them into the mainstream economy through seamless payments, commerce, banking, investments, and financial services. InstiFi enables businesses to accept payments via UPI, cards, wallets, and net banking, ensuring fast, secure, and effortless transactions at any scale. Built with a compliance-first approach, InstiFi emphasizes stability, security, and operational efficiency, supported by robust infrastructure and high transaction success rates. The organization partners with future-focused businesses across industries and growth stages, contributing to India’s rapidly evolving digital payments ecosystem.

Role Description This is a full-time, on-site Risk Manager role based in Panaji. The Risk Manager will monitor and assess financial, operational, and compliance risks across InstiFi’s payment aggregation and gateway operations, ensuring adherence to regulatory and internal risk standards. Responsibilities include developing and refining risk frameworks, policies, and controls, performing data-driven risk analysis, and tracking key risk indicators. The role involves collaborating with product, technology, compliance, and operations teams to design risk mitigation strategies, review new business initiatives, and support merchant onboarding decisions. The Risk Manager will also prepare risk reports for leadership, coordinate audits, investigate incidents, and recommend improvements to enhance transaction security and business continuity.

Qualifications

• Risk management and analysis skills, including experience with risk assessment frameworks, control design, and monitoring key risk indicators.
• Strong analytical and quantitative abilities with proficiency in data analysis tools, spreadsheets, and dashboards to interpret transaction and operational data.
• Knowledge of payments, financial services, or fintech domains, with familiarity with UPI, cards, wallets, net banking, and related regulatory guidelines.
• Compliance and governance experience, including exposure to regulatory audits, policy drafting, and implementing compliance-first processes.
• Effective communication and stakeholder management skills to collaborate with cross-functional teams and present risk findings to leadership.
• Bachelor’s degree in finance, economics, business, statistics, engineering, or a related field; professional certifications in risk or compliance (e.g., FRM, CRISC) are an advantage.
• Demonstrated ability to work in a fast-paced, high-growth environment, with strong attention to detail and a structured approach to problem-solving.
• Prior experience in risk roles within payments, banking, NBFCs, or fintech is highly preferred.

Manage and monitor operational, transaction, fraud, merchant, and compliance risks; conduct risk assessments and identify potential control gaps; support merchant onboarding and enhanced due diligence for high-risk cases; monitor suspicious transaction patterns and coordinate timely escalation; develop and strengthen risk policies, SOPs, and control frameworks; and work closely with Compliance, Operations, Technology, and Banking partners.

What We're Looking For: A professional with 3–5 years of hands-on experience in Risk Management, preferably within fintech, payments, banking, or financial services, with strong analytical skills, sound risk judgement, attention to detail, and the ability to work in a fast-paced environment.

If you're passionate about building strong risk frameworks and want to be part of an exciting fintech journey, we'd love to hear from you!