Associate Manager, Consumer Payments Compliance

PhonePe
Bengaluru
Workplace: OnsiteFull timeFunction: Legal, Risk & ComplianceExperience: 6+ yearsEducation: mastersSkills: ["Communication","Analytical thinking","Problem-solving","Ownership","Ethical standards"]

Own compliance review and regulatory readiness for new PhonePe consumer payments products across the full lifecycle. Partner with product teams to identify and resolve compliance and risk issues, map preventative/detective controls, and manage Regulatory Change Management for RBI and NPCI circulars. Support regulatory reporting, policy/procedure reviews, audit preparedness, GRC tool implementation, compliance dashboards, and continuous improvement through automation and AI.

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FursaFursa
PhonePe
PhonePe
1 day ago

Associate Manager, Consumer Payments Compliance

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Source: Company careers pageValidated by: Fursa AI
Last checked: 8 hours agoStatus: Live

Job Summary

Own compliance review and regulatory readiness for new PhonePe consumer payments products across the full lifecycle. Partner with product teams to identify and resolve compliance and risk issues, map preventative/detective controls, and manage Regulatory Change Management for RBI and NPCI circulars. Support regulatory reporting, policy/procedure reviews, audit preparedness, GRC tool implementation, compliance dashboards, and continuous improvement through automation and AI.
Location: Bengaluru
Workplace: Onsite
Employment Type: Full time
Job Function: Legal, Risk & Compliance
Seniority: Manager level

Key Responsibilities

  • •Assist in comprehensive review of new products, features, and offerings to ensure zero go-lives without compliance sign-off.
  • •Partner with product teams across the product lifecycle to flag and resolve compliance and risk issues.
  • •Map preventative and detective controls, document requirements, and support implementation to mitigate compliance risks.
  • •Establish and run Regulatory Change Management (RCM) to track, summarize, and implement RBI and NPCI communications with evidence.
  • •Validate and file regulatory reports on time; support regulatory inspections, audit preparedness, and GRC tool implementation.

Pay and Benefits

Perks:Health InsuranceCritical IllnessDentalLife InsuranceEmployee AssistanceOnsite MedicalMaternity LeavePaternity LeaveAdoption AssistanceChildcareRelocationCar LeaseSalary AdvanceLearning BudgetPf Contribution

Key Requirements

  • •Post graduate in Finance/Risk Management or MBA, CA, or CS with at least 6+ years of experience in Payments Compliance.
  • •In-depth knowledge of banking/payments/fintech compliance and Indian regulations with current market practices.
  • •Strong understanding of RBI, NPCI, NBBL, and KYC guidelines for payments products, especially UPI and BBPS.
  • •Expertise in reporting procedures and record-keeping guidelines, including evidence management.
  • •Clear, precise communication and analytical/problem-solving mindset with high ethical standards.
Experience:6+ yearsPayments complianceFintechBankingUPIBBPS
Education:Master's
Skills:CommunicationAnalytical thinkingProblem-solvingOwnershipEthical standards
Languages:English
Tech Stack:GRCAutomationAIRBINPCI

Company Brief

PhonePe
PhonePe is an Indian digital payments and financial services platform offering UPI payments, wallet services, mutual funds, insurance, and merchant solutions to consumers and businesses across India.
Industry: Payments
Company Size: Enterprise (1,001+ employees)
Growth: Scaleup
Valuation: Unicorn (USD 1B+)
Funding: Private Equity Backed
Headquarters: Bengaluru, India
Founded: 2015
WebsiteLinkedIn