PhonePe is hiring for the position of Intern, Payments Compliance in Bangalore, India. Candidates with a Bachelor’s/ Master’s Degree are eligible to apply for this position. The complete information, eligibility criteria, and requirements are provided below.
Job Description:
| Company Name | PhonePe |
| Position | Intern, Payments Compliance |
| Qualifications | Bachelor’s/ Master’s Degree |
| Batch | 2024/ 2025/ 2026/ 2027 |
| Experience | Freshers |
| Location | Bangalore, India |
Key Responsibilities:
- Assist the compliance team in monitoring and analyzing changes in Indian payments regulations, guidelines, and circulars issued by the RBI and other relevant authorities.
- Support in responding to queries from internal teams regarding compliance requirements.
- Share regular and timely updates with relevant stakeholders on the progress of ongoing regulatory implementations.
- Collect and maintain relevant evidence received from stakeholders for various implementations, to meet future audit requirements.
- Support the preparation and provision of compliance certifications for all regulatory implementations carried out periodically with various stakeholders.
- Help document and update internal compliance policies and frameworks in alignment with regulatory changes.
- Assist during regulatory inspections and ensure closure of observations in coordination with multiple stakeholders.
- Liaise with internal stakeholders to communicate audit requirements and observations promptly.
- Support management in compiling, maintaining, and closing out audit finding responses, implementing controls as per audit recommendations, and ensuring the resolution of all non-IT audit observations.
- Maintain accurate records of all compliance activities and related documentation.
- Conduct research on specific compliance topics related to payments, including KYC/AML, data localization, transaction monitoring, and other relevant areas.
Eligibility Criteria:
- Strong attention to detail with respect to product regulations and controls.
- Basic knowledge of, or a keen interest in, the Indian regulatory landscape, particularly in financial services and payments (including RBI guidelines, NPCI guidelines, PMLA, etc.).
- Good understanding of regulations applicable in India and the APAC region.
- Highly detail-oriented, motivated, and curious, with strong time management, analytical, and communication skills.
- Quick and sharp learner who enjoys the challenge of understanding and interpreting regulations and processes across various businesses and jurisdictions.
- Strong communication, interpersonal, and influencing skills, with the ability to establish credibility and build strong partnerships with senior business leaders, control functions, and corporate partners globally.
- Fluency in written and spoken English is essential; excellent writing skills with the ability to prepare clear, concise reports with minimal supervision.
- Possession of an audit and/or relevant industry qualification, or a university degree.
- Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint).
- CA prospects preferred.
About Company:
PhonePe was founded in December 2015 and has emerged as India’s largest payments app, enabling digital inclusion for consumers and merchants alike. With 46+ crore (460+ Million) registered users, one in four Indians are now on PhonePe. The company has also successfully digitized 3.5+ crore (35+ Million) offline merchants spread across Tier 2,3,4 and beyond, covering 99% pin codes in the country. PhonePe is also the leader in Bharat Bill Pay System (BBPS), processing over 45% of the transactions on the BBPS platform. PhonePe forayed into financial services in 2017, providing users with safe and convenient investing options on its platform. Since then, the company has introduced several Mutual Funds and Insurance products that offer every Indian an equal opportunity to unlock the flow of money and access to services. PhonePe has been recognized as the Most Trusted Brand for Digital Payments as per the Brand Trust Report for two consecutive years (2022 & 2023) by Trust Research Advisory (TRA).
How To Apply?
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