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!
PhonePe Legal – October 2024
Job description Contracts and Advisory
Position/Designation Associate Director - Contracts and Advisory
Location Bangalore
Reporting Director - Contracts and Advisory
Direct Reports 2/3 Direct reports
KEY AREAS:
a) Keep abreast of legislative changes and improve contract versions including for digital
payment solutions (payment aggregation, payment gateway, third party app), e-commerce
marketplace models, tech and commercial contracting.
b) Develop commercial understanding of the businesses and product lines for risk assessment
including what is mandatorily required under various regulations. Evaluate impacts of any new
regulation, anticipate issues and proactively solve for open gaps, eliminate or mitigate risks.
c) Deal with complex matters that cut across legal and compliance especially in regulatory
requirements, especially pertaining to e-commerce marketplace models.
d) New product approvals, research on applicability of law like data protection, new license
regulations (if any) and structure product flows. Solve for questions on applicability and
interpretation.
e) Support business teams in solving for distribution, marketing strategies, product design and
customer purchase flows. Provide expert & strategic legal advice on various aspects of
business including optimising the contracting process, TAT expectations, stamping, e-sign,
repository access etc.
f) Drive high stake and complex contracts including negotiations and contract finalisation.
g) Build an engaged and motivated team with dedicated SPOCs for various product lines. Build a
strong independent first line of SMEs. Delegate work by category, key accounts or
specialisation towards achieving optimisation and right use of resources.
h) Build strong engagement with external firms for research and advisory requirements.
Participate, on need basis, in industry associations, committees and place the company’s
viewpoint on regulatory issues.
i) Overall be ahead of the curve in understanding latest contracting practices.
MIN QUALIFICATION & OTHER REQUIREMENTS:
a) LLB (addl. qualification of LLM will be an advantage).
b) Minimum 13-14 years post-qualification experience in contracting and product advisory. A
right mix of law firm and in-house counsel (start-ups, new age companies) experience is
preferred.
c) Strong drafting, communication and influence building skills with past record of leading teams.
d) Exposure to a variety of contracts – Complex IT/software development, e-commerce
marketplace, payments, real estate to variety of vendor, supplier, employment, service and
partner contracts etc.
e) Committed and ready to work under constraints/ pressure.
f) High degree of professional ethics and integrity, excellent judgement and analytical skills,
good interpersonal skills.
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.
