Intern CTM

4 Weeks ago • All levels

Job Summary

Job Description

This is an internship position for an Industrial Trainee in Testing and Monitoring at PhonePe. The role involves contributing to risk identification, preparing control checklists, designing and executing work programs, interacting with business and compliance leaders, and defining testing scripts. The trainee will be responsible for assessing compliance with regulations and policies through reviews across various product and instrument types. The role requires a strong risk and control mindset, attention to detail, and good communication skills. This role is based in Bangalore, India. The responsibilities also include identifying controls, providing drafts for documentation, and coordinating with development teams. The candidate should have a keen interest in data analytics and understanding regulations in India and APAC.
Must have:
  • Good eye for detail regarding product regulations and controls
  • Focus on Controls Testing and assessing control designs
  • Passion for technical compliance and conducting reviews
  • Good understanding of regulations applicable in India and APAC
  • Strong communication, interpersonal and influencing skills
Good to have:
  • Basic AML/OFAC experience would be preferred
  • Proficiency in Excel and SQL is a preferred skill to have
Perks:
  • Insurance Benefits - Medical, Critical Illness, Accidental, Life Insurance
  • Wellness Program - Employee Assistance, Onsite Medical Center, Emergency Support
  • Parental Support - Maternity, Paternity, Adoption, Day-care
  • Mobility Benefits - Relocation, Transfer Support, Travel
  • Retirement Benefits - Employee PF, Gratuity, NPS, Leave Encashment
  • Other Benefits - Higher Education Assistance, Car Lease, Salary Advance

Job Details

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!

Industrial Trainee – Testing and Monitoring


About the Team: -
The PhonePe Financial Services Compliance team plays a critical role in the successful execution of
the firm & compliance mission. The Compliance function ensures the development and maintenance
of a strong compliance culture by developing and maintaining program infrastructure that identifies,
measures and monitors compliance with applicable laws, regulations and rules that govern our
business globally.
Compliance teams work closely with business, legal, risk, and audit functions to provide expertise on
regulatory compliance matters, assess and measure compliance and related risks, and monitor and
test the adequacy of the firm & compliance control environment. The Associate Manager Compliance
Testing role is relatively new within the PhonePe Compliance & Regulatory Management team with
responsibility for oversight of consistent implementation of policies & practices whilst ensuring country
nuances are adopted to consider local laws and regulations. Such practices will include a common
approach and framework for risk assessment, monitoring, testing and surveillance activities.
The Compliance Testing Industrial Trainee is responsible for the timely and effective management
and execution of the Compliance Testing program. As a member of the PhonePe Compliance Testing
team, the individual reports into the Manager, Compliance and will be based in Bangalore, India. The
individual should have flair for audit or compliance monitoring/testing with a strong risk and control
mindset, keen awareness and interest in Data Analytics and is responsible to assess compliance with
regulations and policies through reviews conducted across the various product types and instrument
types used or issued within PhonePe and affiliated businesses.
Roles and Responsibilities:
 Contribute and point-out risks of the product/service during pre-planning work.
 Prepare the control checklist required for the review for each regulatory and unregulated
functions 
 Designing work programs and executing steps, meeting deadlines to evaluate compliance
with rules and regulations.
 Interacting with senior heads of business and compliance as part of scoping, control design
assessment, reporting findings and offering solutions to address control gaps or enhance
processes.
 Formulate questions to be asked during walkthroughs and lead walkthroughs when called
upon
 Identify controls after attending a walkthrough, specifically those related to the risks noted
 Provide rough drafts of issue documentation, identifying the important parts required.
 Define testing scripts, coordinate with respective development teams to run the same during
the review process and evaluate the outcome along with the manager.
Role Requirements:
 Good eye for detailing with respect to each product regulations and controls 
 Inclination and focus on Controls Testing (which very importantly includes (i) assessing the
design of controls, and (ii) whether the controls are operating effectively) would be a good
candidate. The would be the key & critical foundation. Basic AML/ OFAC experience would be
preferred.
 Passion for technical compliance and be interested in conducting wide-scale investigative
reviews.
 Have a good appreciation of the regulations applicable in India and APAC.
 Highly detail-oriented, motivated, curious individual with good time-management skills,
analytical and communication skills
 Quick and sharp individual who relishes the challenges of understanding and interpreting
regulations and processes across different businesses and jurisdictions.
 Strong communication, interpersonal and influencing skills. The candidate should have the
ability to establish credibility and strong partnerships with senior business leaders, control
functions and corporate partners globally.
 Fluency in written and spoken English is a must have. Excellent written skills, and ability to
prepare clear, concise reports with minimal supervision.
 Have an audit and / or relevant industry qualifications, or a university degree.
 Proficiency in Excel and SQL is a preferred skill to have.

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.

Life at PhonePe

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About The Company

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. Since then, the company has introduced several Mutual Funds and Insurance products that offer every Indian an equal opportunity to unlock the flow of money and access to services. PhonePe was recently recognized as the Most Trusted Brand for Digital Payments as per the Brand Trust Report 2023 by Trust Research Advisory (TRA).



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