Job type full-time
Full job description
Phonepe is india’s leading digital payments platform with over 280 million registered usersUsing phonepe, users can send and receive money, recharge mobile, dth, data cards, pay at stores, make utility payments, buy gold, and make investmentsPhonepe went live for customers in august 2016 and was the first non-banking upi app and offered money transfer to individuals and merchants, recharges and bill payments to begin withIn 2017, phonepe forayed into financial services with the launch of digital gold, providing users with a safe and convenient option to buy 24-karat gold securely on its platformPhonepe has since launched mutual funds and insurance products like tax-saving funds, liquid funds, international travel insurance, corona care, a dedicated insurance product for the covid-19 pandemic among others.
Phonepe launched its switch platform in 2018, and today its customers can place orders on over 300 apps including ola, myntra, irctc, goibibo, redbus, oyo etcDirectly from within the phonepe mobile appPhonepe is accepted at over 18 million merchant outlets across 500 cities nationally.
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 doWe empower people and trust them to do the right thingHere, you own your work from start to finish, right from day oneBeing enthusiastic about tech is a big part of being at phonepeIf 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!
Compliance program advisory 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 guidance on the maintenance of the product on the platformThe unit also plays a very important role in managing the compliance requirements as per new regulatory guidelines from rbi, irda, sebi, amfi etcAnd ensuring implementation of the same in various different products offered on the phonepe platformCompliance 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.
Phonepe is looking for a self-driven person who can work in our compliance team to help review the digital products and services being offered on its platform and ensure mapping of all risks rightly against all the productsThe job requires close coordination with legal, product, operations and data teams for providing compliance perspective on cross-functional initiatives to help drive the company’s compliance efforts.
Assist in review of the new product and offerings on the phonepe platform.
Collaborate with the product team to take care of the compliance and risk related issues of the product through its entire product life cycle.
Assist in mapping of preventative and detective controls to mitigate compliance risk, documenting the requirements and managing implementation.
Maintain oversight of key compliance metrics, regularly reporting on status and trends
Develop, update and maintain the relevant compliance procedures and methodologies.
Review existing processes and develop new processes as required.
Assist in preparing monthly product compliance dashboard, with health of each project and relevant risk mapping.
Assist in quality checks in project reviews and audits and ensure compliance post conducting the control testing of the product features
Conduct pre-prod audits of the product/ feature and ensure mapping of all gaps for tracking and closure
2-7 years of experience in compliance and regulatory team preferably from fintech or internet product-based companies
Can thoughtfully develop and implement pre-defined compliance frameworks and processes
Passion to understand new product and processes and an eye for detailing.
Excellent written and verbal communication skills
Comfort in a fast-paced, highly-dynamic environment with multiple stakeholders
Phonepe full time employee benefits
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, mobile & broadband reimbursements, 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 usRead more about phonepe on our blog.
Posted 30+ days ago