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Job Description
PhonePe Group is seeking an Assistant Manager/Manager Legal - Licensing & Regulatory to join their team in Bangalore. PhonePe is a leading digital payments company in India, expanding into financial services and tech-enabled businesses. The ideal candidate will have in-depth knowledge of RBI regulations applicable to NBFCs and experience in managing internal compliance controls.

Responsibilities include:
  • Providing legal advice on policies and agreements related to the lending business.
  • Drafting and reviewing partnership agreements for NBFC and Banking partnerships.
  • Scanning the regulatory environment and analyzing new legislations.
  • Liaising with partner NBFCs and Banks to structure compliant products.
  • Conducting internal diligence and risk assessments related to LSP operations.
  • Coordinating with internal teams to ensure compliant implementation of customer journeys.
  • Maintaining documentation for compliance and audits.

Requirements:
  • Bachelor’s degree in law (Master’s preferred).
  • Minimum 4 years of relevant experience in an NBFC, Bank, or FinTech operating in Digital Lending.
  • In-depth knowledge of RBI regulations applicable to NBFCs.
  • Strong understanding of NBFC-LSP operating models.
  • Legal and contractual acumen to review lending agreements.

PhonePe offers:
  • Insurance Benefits
  • Wellness Program
  • Parental Support
  • Mobility Benefits
  • Retirement Benefits
  • Other Benefits
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