Manager, Legal (Regulatory) with PhonePe, Bengaluru

Deadline Open Deadline

Location Office-2, Floor 4,5,6,7, Wing A, Block A, Salarpuria Softzone, Service Road, Green Glen Layout, Bellandur, Bangalore South, Bangalore

Salary The salary will be discussed with the candidate itself.

Details of the Organization

PhonePe was founded in December 2015 and has emerged as India’s largest payments app, enabling digital inclusion for consumers and merchants alike. With 48 crore (480 Million) registered users, one in four Indians are now on PhonePe.

The company has also successfully digitized 3.6 crore (36 Million) offline merchants spread across Tier 2,3,4 and beyond, covering 99% of the postal codes across India. PhonePe is also the leader in Bharat Bill Pay System (BBPS), processing over 45% of the transactions on the BBPS platform. PhonePe forayed into financial services in 2017, providing users with safe and convenient investing options on its platform.

Details of the Job/Internship

PhonePe is inviting applications for the position of Manager, Legal (Regulatory)

The Role

Part of the BFSI Regulatory and Legal team at Bangalore with experience in any one of the BFSI sectors like stock broking, mutual funds, investment advisor and open to work for all BFSI sectors. The role may involve the preparation, finalization, and presentation of applications including license/registration applications to the Regulators, tracking Regulatory developments, preparation of Regulatory manuals for internal teams, interpretation of regulations, providing opinions on regulatory matters, coordination with internal teams, assisting in updating or drafting new polices on the basis of regulatory developments.
Have experience in Regulatory Interactions along with strong commercial understanding and negotiating skills.
Assist in developing standards for BFSI which are aligned with the Regulations/regulatory requirements and internal policies/procedures.

PhonePe Full Time Employee Benefits (Not applicable for Intern or Contract Roles)

Insurance Benefits: Medical Insurance, Critical Illness Insurance, Accidental Insurance, Life Insurance
Wellness Program: Employee Assistance Program, Onsite Medical Center, Emergency Support System
Parental Support: Maternity Benefit, Paternity Benefit Program, Adoption Assistance Program, Day-care Support Program
Mobility Benefits: Relocation benefits, Transfer Support Policy, Travel Policy
Retirement Benefits: Employee PF Contribution, Flexible PF Contribution, Gratuity, NPS, Leave Encashment
Other Benefits: Higher Education Assistance, Car Lease, Mobile & Broadband Reimbursements, Salary Advance Policy

Role and Responsibilities

Regulatory:

Providing legal advice to business/compliance/tech/operations/product on day-to-day operations of the business.
Preparing and filing the new or renewal license applications and managing the database for license applications and regulatory correspondence.
Coordination with teams to ensure timely completion of all requirements and filing of the application.
Interacting with Regulators on a regular basis in relation to applications/ licenses/ queries.
Preparation of Regulatory Manuals/Guardrails for business including for any scheduled/unscheduled inspection by Regulators.

Process:

Communications with relevant internal and external parties – business teams, Compliance, Tech or operations teams for resolution of their queries.
Managing License database on a regular basis.
Keep abreast of legislative change; maintain current knowledge of alterations in legislation to continue to improve contract versions.
Co-ordinate with Regulators

Eligibility

LL.B/ LLM
Minimum 8 years post-qualification experience. Open to work in all BFSI sectors. A right mix of law firm and in-house counsel experience in Banking, Stock broking, Insurance or other financial services would be preferred.
Have strong drafting and communication skills.
Overall good legal knowledge (financial sector laws, corporate law, business laws, data privacy, info sec standards, etc)
Experience of interaction with BFSI Regulators.

Expectations other than qualification & technical experience:

Committed and ready to work under pressure and ever-evolving possibilities.
Ready to travel with a sense of urgency. (occasionally this may be required).
A high degree of professional ethics and integrity, good analytical skills and interpersonal skills.
Willingness to learn, improve and challenge the status quo for the better.