Details of the Organization

PhonePe is India’s leading digital payments company with over 500 million registered users and 3.7 million merchants across the country. Building on its digital payments leadership, PhonePe has expanded into financial services like Insurance, Mutual Funds, Stock Broking, and Lending, as well as tech-enabled businesses such as Pincode for hyperlocal shopping and the Indus App Store, India’s first localized App Store.

Details of the Job/Internship

PhonePe is hiring for the position of Associate Director, Legal with 15 years of experience to join their office in Bengaluru. 

Role and Responsibilities

• Legal Advisory (Insurance Focus):
• Advise business, operations, and technology teams on legal aspects of insurance products, platforms, and processes.
• Draft and negotiate a wide range of contracts and agreements, including partnership agreements, audit obligations, MIS integrations, etc.
• Handle legal matters relating to claims, disputes, or fraud investigations in collaboration with partner insurers.
• Conduct legal research on new product lines and emerging regulatory risks.
• Regulatory Engagement & Governance:
• Provide legal guidance on day-to-day business operations in line with regulatory expectations.
• Prepare and manage license applications (new/renewal) and maintain regulatory documentation.
• Serve as the primary liaison with regulatory bodies such as IRDAI; manage ongoing communications, inspections, and submissions.
• Draft regulatory manuals and operational guardrails to guide business units in compliant functioning.
• Monitor regulatory developments (including circulars, exposure drafts) and lead institutional responses.
• Represent PIBS in industry forums and with regulators on policy advocacy and compliance preparedness.
• Process & Compliance Enablement:
• Collaborate with Compliance, Tech, and Product teams to address regulatory queries and implement changes.
• Draft and implement SOPs defining legal and operational boundaries.
• Identify legal risk areas and advise on mitigation strategies.
• Partner with internal stakeholders to embed regulatory thinking into product and process development.
• Strategic Legal Partnering:
• Collaborate with external legal counsels and in-house legal teams of partner insurers to stay updated on legal trends and issues.
• Assist in negotiations with partners' legal, risk, and compliance teams.
• Act as a thought partner for the business by offering pragmatic, solutions-oriented legal input.

Eligibility

• Qualifications & Experience:
• LL.B./LL.M. with at least 15 years of post-qualification experience.
• Core experience in the insurance industry, ideally with both insurer/intermediary roles. Exposure to other BFSI sectors (e.g., stock broking, NBFCs) is a plus.
• Experience working in both law firms and in-house roles is preferred.
• Strong legal acumen in financial services laws, corporate law, business laws, data privacy, and information security standards.
• Prior engagement with regulatory bodies such as IRDAI, SEBI, or RBI is essential.
• Key Competencies:
• Excellent drafting, negotiation, and communication skills.
• Deep understanding of the regulatory environment in insurance and broader BFSI.
• High professional integrity and sound analytical judgment.
• Ability to collaborate across functions and work in a dynamic, fast-paced environment.
• Growth mindset with the ability to challenge the status quo and drive innovation.

Salary/Stipend

Compensation details will be finalized during the interview process with the selected candidate.

Type of Opportunity

Fulltime

Country

India

Address

Bengaluru, Karnataka

Application and Registration Details

After you submit your application, you will receive the next steps in the process via email. Please follow the instructions provided to complete your application.

Incase you find any issue with the application process, please contact: [email protected] 

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