PhonePe Intern Hiring For Freshers Full Time

About Company :

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.

Job Description

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.

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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 Intern, Payments Compliance
role is relatively new within the PhonePe Compliance & Regulatory Management team with
responsibility for oversight of consistent implementation of policies & practices whilst ensuring country

Roles and Responsibilities:

• Assist the compliance team in monitoring and analysing changes in Indian payments
  regulations, guidelines, and circulars issued by the RBI and other relevant bodies.
• Assist in responding to queries from internal teams regarding compliance requirements.
• Share regular and timely updates with all relevant stakeholders with regards to the progress
  on the ongoing regulatory implementations.
• Collect and Store relevant evidence, received from stakeholders from the various
  implementations done, for future Audit requirements.
• Support in formulating and providing compliance certifications on all regulatory
  implementations carried out on a periodic basis with various stakeholders.
• Help in documenting and updating internal compliance policies and frameworks in line with
  regulatory changes.
• Assist during regulatory inspections and ensure closure of the observations with multiple
  stakeholders
• Liaise with internal stakeholders to explain the audit requirements and observations in a
  timely fashion.
• Support management to compile, maintain and close-out audit finding responses,
  implementation of controls as per audit recommendations, etc. and ensure all Non IT audit
  observations.
• Maintain accurate records of compliance activities and documentation.
• Conduct research on specific compliance topics related to payments, including KYC/AML,
  data localization, transaction monitoring, etc.

Role Requirements:

• Good eye for detailing with respect to each product regulations and controls
• Basic knowledge or keen interest in the Indian regulatory landscape, particularly concerning
  financial services and payments (RBI guidelines, NPCI guidelines, PMLA, etc.).
• 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.