Assistant Manager/ Manager Legal -Licencing & Regulatory (Lending)

About PhonePe Group: 

PhonePe is India’s leading digital payments company with 50 crore (500 Million) registered users and 3.7 crore (37 Million) merchants covering over 99% of the postal codes across India. On the back of its leadership in digital payments, PhonePe has expanded into financial services (Insurance, Mutual Funds, Stock Broking, and Lending) as well as adjacent tech-enabled businesses such as Pincode for hyperlocal shopping and Indus App Store which is India's first localized App Store. The PhonePe Group is a portfolio of businesses aligned with the company's vision to offer every Indian an equal opportunity to accelerate their progress by unlocking the flow of money and access to services.

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!

INDUSTRY: Banking / NBFC/ Financial Services

FUNCTIONAL AREA: Financial Services, Banking, Digital Lending

ROLE: Assistant Manager

REPORTING TO: Senior Manager Legal

KEY SKILLS & COMPETENCIES:

• In-depth knowledge of RBI regulations applicable to NBFCs, including the RBI Master Direction for NBFCs, Digital Lending Guidelines, KYC norms, and Outsourcing Guidelines.
• Strong understanding of NBFC-LSP operating models, co-lending arrangements, and digital lending ecosystems.
• Experience in managing internal compliance controls for an NBFC and LSPs.
• Legal and contractual acumen to review lending and outsourcing agreements.
• Ability to interface with external partners.

QUALIFICATIONS & EXPERIENCE:

• Bachelor’s degree in law. Master’s degree in law will be an additional advantage.
• Minimum 4 years of relevant experience in an NBFC, Bank or FinTechs operating in Digital Lending.
• Familiarity with NBFC regulatory matters, digital lending platforms is preferred.

LOCATION: Bangalore

PRIMARY RESPONSIBILITIES: -

• Ensure provision of legal advice in framing/ review of policies and on all documents, contracts and agreements relating to the lending business to protect the organization against any legal exposure and minimize liability. Draft and review partnership agreements for NBFC and Banking partnerships and outsourcing arrangements with LSPs.

• Scan the regulatory environment, identify, interpret and analyze existing & new legislations/amendments & notifications that impact; bring to the notice of the appropriate functions about their implications and applicability. 
• Advise and assist all stakeholders on both ongoing legal risks and anticipate on new legal risks, arising by virtue of new laws or regulations. 

• Liaise and coordinate with partner NBFCs and Banks to structure new and existing products in compliance with applicable regulatory environments pertaining to lending and co-lending partnerships.
• Conduct regular internal diligence and risk assessments related to LSP operations and digital lending processes along with compliance function and partner lenders
• Coordinate with internal tech, product, and business teams to ensure compliant implementation of customer journeys and product features.
• Maintain documentation, SOPs, and MIS required for compliance, contractual requirements and internal/external regulatory audits.

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, Salary Advance Policy

Working at PhonePe is a rewarding experience! Great people, a work environment that thrives on creativity, the opportunity to take on roles beyond a defined job description are just some of the reasons you should work with us. Read more about PhonePe on our blog.

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