AM - Lending Compliance

About PhonePe Limited:

Headquartered in India, its flagship product, the PhonePe digital payments app, was launched in Aug 2016. As of April 2025, PhonePe has over 60 Crore (600 Million) registered users and a digital payments acceptance network spread across over 4 Crore (40+ million) merchants. PhonePe also processes over 33 Crore (330+ Million) transactions daily with an Annualized Total Payment Value (TPV) of over INR 150 lakh crore. 

PhonePe’s portfolio of businesses includes the distribution of financial products (Insurance, Lending, and Wealth) as well as new consumer tech businesses (Pincode - hyperlocal e-commerce and Indus AppStore Localized App Store for the Android ecosystem) in India, which are 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 go the extra mile to make sure you can bring your best self to work, Everyday!. And that starts with creating the right environment for you. We empower people and trust them to do the right  thing. Here, you own your work from start to finish, right from day one. PhonePe-rs solve complex problems and execute quickly; often building frameworks from scratch. If you’re excited by the idea of building platforms that touch millions, ideating with some of  the best minds in the country and executing on your dreams with purpose and speed, join us!

Overview

The Candidate will be responsible for ensuring adherence to IRDAI regulations, RBI’s Digital Lending guidelines, circulars, guidelines, and other applicable regulatory requirements. The role will involve advising business teams on compliance aspects, implementing regulatory updates, maintaining effective reporting mechanisms, assisting in internal audit  and ensuring robust compliance governance across the organization.This position also provides exposure to other regulatory frameworks beyond insurance, enabling a well-rounded compliance career path.

Key Responsibilities

• Track, interpret, and disseminate IRDAI,RBI circulars, guidelines, and exposure drafts to stakeholders.
• Ensure timely implementation of new regulations and monitor their impact on business.
• Conduct compliance risk assessments, including analysis of regulatory penalty/warning orders.
• Review products, advertisements, and business proposals from a regulatory compliance perspective.
• Support preparation of compliance dashboards, regulatory updates, and committee presentations.

• Provide inputs on business projects and proposals to ensure compliance considerations are embedded before launch.
• Advise stakeholders on compliance risks.
• Assist in conducting thematic compliance reviews and support management reviews.

• Support in regulatory inspections, audits, and submissions to IRDAI.
• Independently manage compliance checkpoints, trackers, and closures of gaps.

• Provide guidance to internal stakeholders on evolving regulatory expectations.

Minimum Experience

• Graduate / Post Graduate with minimum 3–6 years of experience in compliance, regulatory and legal functions.Strong knowledge of IRDAI , RBI regulations and compliance practices in the insurance sector, familiarity with other regulators will be an added advantage.

Key Skills & Attributes

• Excellent communication, drafting, and articulation skills.
• Proven ability to independently handle compliance tasks and responsibilities.
• Analytical mindset to interpret regulations and assess business impact.
• Stakeholder management and ability to provide enabling solutions.
• High ethical standards, diligence, and accountability in deliverables.
• Strong organizational skills to manage multiple priorities with accuracy and timeliness.
• Team-oriented mindset with ability to contribute to collaboration and knowledge sharing.

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

Our inclusive culture promotes individual expression, creativity, innovation, and achievement and in turn helps us better understand and serve our customers. We see ourselves as a place for intellectual curiosity,  ideas and debates, where diverse perspectives lead to deeper understanding and better quality results. PhonePe is an equal opportunity employer and is committed to treating all its employees and job applicants equally; regardless of  gender, sexual preference, religion, race, color or disability. If you have a disability or special need that requires assistance or reasonable accommodation, during the application and hiring process, including support for the interview or onboarding process, please fill out this form.

Read more about PhonePe on our blog.

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