Job Description

About PhonePe PhonePe is India’s leading digital payments platform with over 280 million registered users. Using PhonePe, users can send and receive money, recharge mobile, DTH, data cards, pay at stores, make utility payments, buy gold, and make investments. PhonePe went live for customers in August 2016 and was the first non-banking UPI app and offered money transfer to individuals and merchants, recharges and bill payments to begin with. In 2017, PhonePe forayed into financial services with the launch of digital gold, providing users with a safe and convenient option to buy 24-karat gold securely on its platform. PhonePe has since launched Mutual Funds and Insurance products like tax-saving funds, liquid funds, international travel insurance, Corona Care, a dedicated insurance product for the COVID-19 pandemic among others. PhonePe launched its Switch platform in 2018, and today its customers can place orders on over 300 apps including Ola, Myntra, IRCTC, Goibibo, RedBus, Oyo etc. directly from within the PhonePe mobile app. PhonePe is accepted at over 18 million merchant outlets across 500 cities nationally. Culture At PhonePe, we take extra care to make sure you give your best at work, Everyday! And creating the right environment for you is just one of the things we do. We empower people and trust them to do the right thing. Here, you own your work from start to finish, right from day one. Being enthusiastic about tech is a big part of being at PhonePe. If you like building technology that impacts millions, ideating with some of the best minds in the country and executing on your dreams with purpose and speed, join us! The Role
i. Part of BFSI Regulatory and Legal team at Mumbai with experience in
any one of the BFSI sectors like banking/NBFC, payments, and open to
work for all BFSI sectors. The role may involve preparation, finalization,
presentation of applications including license/ registration application 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 .
ii. Have experience of Regulatory Interactions along with strong
commercial understanding and negotiating skills.
iii. Assist in developing standards for BFSI which are aligned to the
Regulations / regulatory requirements and internal
policies/procedures. Description of work areas
A) Regulatory:
. i. Assist in preparing and filing the new or renewal license applications.
Collation of documents and information from various stake holders.
Coordination with teams to ensure timely completion of all requirements
and filing of the application.
ii. Managing the database for license applications and regulatory
correspondence.
iii. Preparation of Regulatory Manuals / Guardrails for business.
b) Process:
i. Communications with relevant internal and external parties – business
teams or operations teams for resolution of their queries.
ii. Managing License database on a regular basis.
iii. Keep abreast of legislative change; maintain current knowledge of
alterations in legislation to continue to improve contract versions
Ideal Candidate
i. LL.B/ LLM
ii. Minimum 5-8 years post-qualification experience. Open to work in all
BFSI sectors. A right mix of law firm and in-house counsel experience in
Banking; financial services would be preferred.
iii. Have strong drafting and communication skills.
iv. Overall good legal knowledge (financial sector laws, corporate law,
business laws, data privacy, info sec standards, etc)
v. experience of interaction with BFSI Regulators. Expectations other than qualification & technical experience:
i. Committed and ready to work under pressure and ever evolving
possibilities.
ii. Ready to travel with sense of urgency. (occasionally this may be
required).
iii. High degree of professional ethics and integrity, good analytical skills
and interpersonal skills.
iv. Willingness to learn, improve and challenge the status quo for the better
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