About PhonePe Group: PhonePe is Indias 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!Role: Senior Manager, BFSI Compliance - Lending

Compliance Program Advisory Role plays a very crucial role in ensuring all functional units are duly guided during the development life cycle of the new product along with regular maintenance of the product on the platform. The unit also plays a very important role in managing the compliance requirements as per new regulatory guidelines from RBI etc. and ensuring implementation of the same in various different products offered on the PhonePe platform. 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's compliance control environment.
About the role

• The candidate is expected to be the Lead Compliance Officer for the Digital Lending business of PhonePe.
• Maintain oversight of the developments in the NBFC/LSP regulatory environment to proactively manage the potential regulatory risk of affected divisions/departments.
• Advise business/support units on compliance laws, rules and standards, including keeping them informed of the developments in this area
• Focus on self- learning and development on all relevant guidelines in the areas of financial services products especially insurance broking and lending.
• Educate staff on regulatory compliance issues and acting as point of contact for all regulatory compliance queries from staff
• Perform gap analysis on new/revised guidelines issued by regulators and follow up on action plans on the implementation
• Act as face of the Compliance unit in discussion with product team to ensure all regulatory gaps are included in various product sprints and executed as per regulatory requirement
• Develop solutions to address specific challenges faced by the business units in regulatory compliance matters including impact assessments
• Provide detailed report to Compliance senior management on a regular basis of the review conducted in a quarter and critical gaps identified during the review along with status
• Assist the Compliance leadership in providing updates to senior management on the critical compliance issues for immediate attention and escalations
• Role demands collaboration within the wider Compliance, Ops, Product and tech teams across PhonePe

Min years of experience: 12-13 years Qualification: Post Graduate with at least 12-13 years of experience in compliance of Digital lending / Financial Services / Fintech space

• Experience in Compliance departments of NBFCs, digital lending platforms, or Insurance broking, Insurers
• In-depth knowledge of the insurance / lending industry standards, Indian regulations and current market practices.
• Has dealt with regulators and regulatory audits
• Knowledge of reporting procedures and record keeping guidelines.
• Ability to communicate clearly and precisely to the point.
• Demonstrate the ability to plan and execute projects single handedly
• Has an analytical mind able to see the complexities of procedures and regulations.
• Is a problem solver and always ready to take ownership of deliverables assigned.
• Has high ethical standards and is able to work diligently to complete duties.
• Proven track record as a people manager is a plus

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.