Senior Manager, Licensing and Regulatory

1 Month ago • 10 Years + • Legal

Job Summary

Job Description

PhonePe is India's leading digital payments company with a vast user base and merchant network. This role involves reviewing existing and new products/features to ensure compliance with laws and industry practices, providing legal guidance to stakeholders, and managing legal risks. The Senior Manager will draft, review, and negotiate contracts related to payments and financial services, provide legal advice on policies, and stay updated on regulatory changes, particularly from the RBI. Responsibilities include identifying and analyzing new legislation, advising on legal risks, adhering to documentation review timelines, and managing applications for licenses. The role also requires maintaining a database of applicable laws and proactively advising management on implications of new regulations.
Must have:
  • Minimum 10+ years of experience
  • Experience in Payments/Financial Services/FinTech
  • University Degree in Law
  • Drafting, vetting, and negotiating agreements
  • Providing legal advice
  • Product counselling
  • Interpreting regulations
  • Risk identification and management
Good to have:
  • Master's Degree in Law
Perks:
  • Medical Insurance
  • Critical Illness Insurance
  • Accidental Insurance
  • Life Insurance
  • Employee Assistance Program
  • Onsite Medical Center
  • Emergency Support System
  • Maternity Benefit
  • Paternity Benefit Program
  • Adoption Assistance Program
  • Day-care Support Program
  • Relocation benefits
  • Transfer Support Policy
  • Travel Policy
  • Employee PF Contribution
  • Flexible PF Contribution
  • Gratuity
  • NPS
  • Leave Encashment
  • Higher Education Assistance
  • Car Lease
  • Salary Advance Policy

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!

Job Description

Industry: Payments/ Financial Services business

Functional Area: Payments and Financial Services

Role: Senior Manager

Reporting to: Director Legal

Key Skills: Drafting, vetting, and negotiating agreements, Providing legal advice, Product counselling, Interpreting regulations and providing guidance to internal teams, Risk identification and Management.

Experience: Minimum 10+ years’ experience, including experience in Payments/ Financial Services/ FinTech (required).

Education: University Degree in law. A Masters Degree in Law is not mandatory, but will be an added advantage.

Location: Bangalore 

PRIMARY RESPONSIBILITIES:

Business

  • Reviewing existing products, as well as new products/ features, with the lens of ensuring they are in line with applicable laws and critical industry practices. Providing legal guidance to, and working closely with Compliance, Business and other stakeholders, in this regard.
  • Drafting, reviewing, negotiating, and closing contracts (relating to the payments/ financial services business, banking contracts etc.) with the internal and external stakeholders, with a view to protect the organization against any legal exposure and to minimize liability. 
  • Provision of legal advice in framing/ review of policies, and other internal and external documents. 
  • Staying updated on the regulatory environment; identify, interpret, and analyse existing and new legislations/ amendments/ notifications that may impact business; and basis its applicability and implications, bring it to the notice of appropriate internal functions 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 documentations, including agreements.
  • Follow up with internal stakeholders, including business leads, for time bound closure of agreements; provide advice in course correction; 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.

Life at PhonePe

PhonePe in the news

Similar Jobs

Haleon - Sales Force Trainee

Haleon

Mexico City, Mexico (Hybrid)
1 Month ago
Lead Venture - Senior Financial Analyst

Lead Venture

Lake Oswego, Oregon, United States (Remote)
1 Month ago
good job games - Product Specialist (New Grad)

good job games

İstanbul, Türkiye (On-Site)
10 Months ago
Lilt - Hawaiian Linguist

Lilt

Honolulu, Hawaii, United States (Remote)
1 Month ago
Resolver - Business Intelligence Developer

Resolver

Toronto, Ontario, Canada (On-Site)
2 Months ago
Adyen - Regulatory Reporting Analyst

Adyen

Amsterdam, North Holland, Netherlands (On-Site)
1 Month ago
Qualcomm - Legal Specialist, Staff - Outside Counsel Vendor Management

Qualcomm

San Diego, California, United States (On-Site)
2 Months ago
Paytm - Legal Contracts - Assistant Manager

Paytm

Greater Noida, Uttar Pradesh, India (On-Site)
1 Month ago
Interactive Brokers - Regulatory Correspondence Counsel

Interactive Brokers

Washington, District Of Columbia, United States (Hybrid)
2 Months ago
PhonePe - Manager/Senior Manager - Legal

PhonePe

Bengaluru, Karnataka, India (On-Site)
8 Months ago

Get notifed when new similar jobs are uploaded

Similar Skill Jobs

Marsh McLennan - Squad Lead

Marsh McLennan

Cluj-Napoca, Cluj County, Romania (Hybrid)
2 Months ago
Netflix - Director, Product Management Supply & Insertion (Ads)

Netflix

Los Angeles, California, United States (On-Site)
3 Months ago
Liquid nitro games - HR Generalist

Liquid nitro games

Hyderabad, Telangana, India (On-Site)
3 Months ago
Cloud Imperium Games - Senior Graphics Programmer

Cloud Imperium Games

Manchester, England, United Kingdom (On-Site)
1 Year ago
Rippling - Software Engineer II

Rippling

Bengaluru, Karnataka, India (On-Site)
10 Months ago
Tide - Principal Cloud Engineer

Tide

Lithuania (Remote)
2 Months ago
Sagecor - Systems Administrator 4

Sagecor

Saratoga Springs, Utah, United States (On-Site)
6 Months ago
Shape Construction - MLOps Engineer - 4 Day Week + Remote

Shape Construction

India (Remote)
10 Months ago
DraftKings - Manager, Pick6 Analytics

DraftKings

Boston, Massachusetts, United States (On-Site)
2 Months ago
SSC Technologies - Engagement Specialist

SSC Technologies

Chicago, Illinois, United States (Hybrid)
2 Months ago

Get notifed when new similar jobs are uploaded

Jobs in Bengaluru, Karnataka, India

caliogo - Senior Software Engineer I - AI

caliogo

Hyderabad, Telangana, India (On-Site)
1 Month ago
[x]cube LABS - Technical Writer

[x]cube LABS

Hyderabad, Telangana, India (On-Site)
1 Month ago
Accenture - Software Development Engineer

Accenture

Chennai, Tamil Nadu, India (On-Site)
3 Months ago
Marvell - Sr Staff Design Verification Engineer

Marvell

Pune, Maharashtra, India (On-Site)
1 Month ago
Capgemini - Finance Controller

Capgemini

Pune, Maharashtra, India (On-Site)
3 Months ago
Studio Image Works - Motion Graphic Artist

Studio Image Works

Gurugram, Haryana, India (On-Site)
1 Year ago
Capgemini - Engagement Management

Capgemini

Mumbai, Maharashtra, India (On-Site)
2 Months ago
Capgemini - DevOps Engineer - Splunk & AppDynamics

Capgemini

Bengaluru, Karnataka, India (On-Site)
2 Months ago
Sporty - Sound Engineer

Sporty

India (Remote)
1 Month ago
PhonePe - HR Specialist

PhonePe

Bengaluru, Karnataka, India (On-Site)
1 Month ago

Get notifed when new similar jobs are uploaded

Legal Jobs

Penumbrainc - Legal Operations Project Manager

Penumbrainc

Alameda, California, United States (On-Site)
2 Months ago
zimad - Legal Counsel

zimad

United States (Remote)
1 Month ago
PhonePe - Manager, Licensing and Regulatory

PhonePe

Bengaluru, Karnataka, India (On-Site)
1 Month ago
Accenture - Regulatory Compliance Associate

Accenture

Gurugram, Haryana, India (On-Site)
2 Months ago
extreme network - Legal Operations Manager

extreme network

California, United States (Hybrid)
1 Month ago
PwC - TLS - Manager - Regulatory - Roma [TLS]

PwC

Rome, Lazio, Italy (On-Site)
10 Months ago
Interactive Brokers - Regulatory Correspondence Counsel

Interactive Brokers

Chicago, Illinois, United States (Hybrid)
2 Months ago
Ziff Davis - Legal Administrative Assistant

Ziff Davis

Los Angeles, California, United States (Hybrid)
2 Months ago
Jane Street - Regulatory Reporting Specialist

Jane Street

Hong Kong (On-Site)
2 Months ago
Visa - Legal Counsel

Visa

Almaty, Almaty Region, Kazakhstan (Hybrid)
2 Months ago

Get notifed when new similar jobs are uploaded

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).



Bengaluru, Karnataka, India (On-Site)

Bengaluru, Karnataka, India (On-Site)

Bengaluru, Karnataka, India (On-Site)

Bengaluru, Karnataka, India (On-Site)

Bengaluru, Karnataka, India (On-Site)

Mumbai, Maharashtra, India (On-Site)

Bengaluru, Karnataka, India (On-Site)

Bengaluru, Karnataka, India (On-Site)

Bengaluru, Karnataka, India (On-Site)

Bengaluru, Karnataka, India (On-Site)

View All Jobs

Get notified when new jobs are added by PhonePe

Level Up Your Career in Game Development!

Transform Your Passion into Profession with Our Comprehensive Courses for Aspiring Game Developers.

Job Common Plug