Job Description

About Us: At Open, We\'re forging a paradigm shift in the way businesses bank and manage their finances. The world needs a superpower that revolutionizes digital banking for small businesses and financial institutions! That\'s why we built Open - a digital banking enterprise that builds industry defining banking products for businesses, startups, freelancers, financial institutions and more . Since our inception in 2017, we\'ve launched a line of cutting-edge innovative products that are truly disrupting the banking game. Being the world\'s fastest-growing SME Neo-Bank , we are constantly pushing boundaries. On 3rd May 2022, we raised Series D round and emerged as the 100th Unicorn from India. Backed by marquee investors such as Temasek, Google, Tiger Global, IIFL Finance Ltd., SBI Holdings Japan, 3one4 Capital, Speed Invest, Beenext, Tanglin Venture Partner Advisors & Angellist to name a few. Open Money: Open Money offers a business account in partnership with banks that help SMES automate and run their finances effectively. The platform enables businesses to collect payments, make seamless payouts, streamline expense management, manage compliance, auto-reconcile & categorize income and expense, thereby automating book-keeping to its growing customer base of 2.3+ million. Currently, Open is processing US$ 30 Billion in transactions annually, and onboards 100,000 new SMEs and startups every month Banking stack: BankingStack is a cloud-native SME banking platform for financial institutions. BankingStack empowers banks & financial institutions to launch digital banking services and is currently deployed at over 15 banks in India and 2 banks in South-East Asia. Using BankingStack\'s financial OS banks can now complement their own digital banking offerings and offer a superior experience to their customers. Zwitch: Zwitch by Open, is an industry-first no-code embedded finance platform that enables businesses from any industry to build personalized financial products & services that seamlessly fit into the customer journeyUsing Zwitch, businesses can now embed financial products, reimagine their core product and offer new-age solutions. Through Zwitch they can now create bank accounts, issue cards, offer lending. build neo-banking services, and go to market faster & better. -Manager/Senior Manager Legal: Experience:-7+ years Location:-Bangalore: What you will be doing: Provide contractual, legal, and regulatory support for all activities of the Company. Track banking and payments regulations in India and execute related compliance actions. Undertake in-depth legal research into a variety of complex regulations and help implement processes and policies. Contract Lifecycle Management: You should have the ability to independently structure, draft, review,negotiate, execute, and maintain contracts efficiently. Negotiation: You will be required to negotiate contracts with internal stakeholders and external stakeholders(including regulatory bodies and financial institutions). Legal Opinion: You should be able to advise, support and guide stakeholders by providing well-reasoned legalopinions. You will be required to provide general day to day legal advice and support to other departmentsincluding Banking Alliances, Product, Finance, Sales & Marketing, People & Culture, Risk & KYC, etc. Disputes: You will be required to coordinate with law enforcement and statutory authorities. You should beable to draft notices and prepare responses to notices received by the Company What you will bring along: Qualifications: 5 years LLB from a prestigious university in India. Experience: 7+ years post qualification experience in a law firm or in the corporate legal department. Priorworking experience on banking, payments and/or fintech matters is a must Strong written and oral communication skills in English Ability to manage a large number and variety of mission-critical projects Experience in dealing with a broad range of product compliance issues, including all laws and regulations relatingto product compliance. Ability to work independently, and advice business teams on legal and compliance matters Structured and detail oriented Stakeholder management Hands-on approach Analytical and problem-solving skills Team player Integrity and honesty Why work at Open: You will be part of the early tribe that is changing the way business banking rolls. Every atom of your work will impact the way millions of businesses are run. You will work with some of the brightest minds who will celebrate your quirks. You will find growth & fun to be two-way streets - how you thrive and the way you jive, in turn drives Open

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