Job
Description
Industry: Payments/ Financial Services business
Functional Area: Payments and Financial Services
Role: Senior Manager
Reporting to :Director Legal
Key
Skills:
Drafting, vetting, and negotiating agreements, Providing legaladvice, Product counselling, Interpreting regulations and providing guidance to internal teams, Risk identification and Management.
Experience: Minimum 10+years experience, including experience inPayments/ FinancialServices/ FinTech (required).
Education University Degree in law. A Masters Degree in Law is not mandatory, but will be an added advantage.
Location: Bangalore
PRIMARY RESPONSIBILITIES :
Business
Reviewing existing products, as well as new products/ features, with the lens of ensuring they are in line with applicable laws and critical industry practices. Providing legal guidance to, and working closely with Compliance, Business and other stakeholders, in this regard.Drafting, reviewing, negotiating, and closing contracts (relating to the payments/ financial services business, banking contracts etc.) with the internal and external stakeholders, with a view to protect the organization against any legal exposure and to minimize liability.Provision of legal advice in framing/ review of policies, and other internal and external documents.Staying updated on the regulatory environment; identify, interpret, and analyse existing and new legislations/ amendments/ notifications that may impact business; and basis its applicability and implications, bring it to the notice of appropriate internal functions as required.Advise and assist all stakeholders including Compliance and Business on both, ongoing legal risks and anticipated/ new legal risks arising by virtue of new laws or regulations.
Internal process
Adhere to timelines in reviewing and vetting all documentations, including agreements.Follow up with internal stakeholders, including business leads,for time bound closure of agreements;provide advice in course corrections; escalate when required.Monitor the timelines for submission of applications pertaining to licences (new and renewals) to regulatory authorities and ensure timely escalation where required.
Learning
Maintain a database on applicable laws comprising FAQs, dos anddontsas a ready reference.Keep a track on the latest lawsand notifications (including all notifications issued by the RBI), and proactively advise the management and business about such laws/ amendments and its implication on business, and accordingly suggest changes in process/ procedure.
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
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