Manager, Licensing and Regulatory, International Payments

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!

Job Description

Industry:  Payment Aggregator / Financial Services / International Payments Business

Functional Area: Financial Services, Payments

Role:  Manager

Reporting to: Senior Manager Legal

Key Skills: Drafting, Vetting, and Negotiating Agreements, providing Legal Advice, Structuring, Risk Identification, Risk Management

Experience: Minimum 8+ years’ experience, including experience in Financial Services/ FinTech/ Payments.

Education: University Degree in law with relevant subject matter expertise related to finance, corporate law etc. A master’s degree in law from foreign jurisdiction UK/ Singapore will be an additional advantage.

Location: Bangalore 

PRIMARY RESPONSIBILITIES:

Business

• Drafting, negotiating and closure of contracts with the external clients, and help the business in execution of the same.
• Ensure provision of legal advice in framing/ review of policies, and on all documents, contracts and agreements relating to the payments/ financial services business to protect the organization against any legal exposure and to minimize liability.
• Scan the regulatory environment, identify, interpret and analyze existing and new legislations/ amendments and notifications that may impact business; bring to the notice of the appropriate internal functions about their implications and applicability as required. 
• Advise and assist all stakeholders including Compliance and Business on both, ongoing legal risks and anticipated/ new legal risks arising by virtue of new laws or regulations. 

Internal process

• Adhere to timelines in reviewing and vetting all official communications and documentations including all agreements.
• Follow up with internal stakeholders, including business leads, for time bound closure of agreements; provide advice in course corrections; escalate when required.
• Monitor the timelines for submission of applications pertaining to licences (new and renewals) to regulatory authorities and ensure timely escalation where required.

Learning 

• Maintain a database on applicable laws comprising FAQs, dos and don’ts as a ready reference.
• Keep a track on the latest laws and notifications (including all notifications issued by the RBI), and proactively advise the management and business about such laws/ amendments and its implication on business, and accordingly suggest changes in process/ procedure.

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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