Manager, Legal

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.

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!

INDUSTRY: Banking / NBFC/ Financial Services
FUNCTIONAL AREA: Financial Services, Banking, Digital Lending
ROLE: Manager
REPORTING TO: Senior Manager Legal

KEY SKILLS & COMPETENCIES:

 In-depth knowledge of RBI regulations applicable to NBFCs, including the RBI Master. Direction for NBFCs, Digital Lending Guidelines, KYC norms, and Outsourcing Guidelines.
 Strong understanding of NBFC-LSP operating models, co-lending arrangements, and digital lending ecosystems.
 Experience in managing internal compliance controls for an NBFC and LSPs.
 Legal and contractual acumen to review lending and outsourcing agreements.
 Ability to interface with external partners.

QUALIFICATIONS & EXPERIENCE:
 Bachelor’s degree in law. Master’s degree in law will be an additional advantage.
 Minimum 4 years of relevant experience in an NBFC, Bank or FinTechs operating in Digital
Lending.
 Familiarity with NBFC regulatory matters, digital lending platforms is preferred.

LOCATION: Bangalore

PRIMARY RESPONSIBILITIES: -

 Ensure provision of legal advice in framing/ review of policies and on all documents, contracts and agreements relating to the lending business to protect the organization against any legal exposure and minimize liability. Draft and review partnership agreements for NBFC and Banking partnerships and outsourcing arrangements with LSPs.
 Scan the regulatory environment, identify, interpret and analyze existing & new legislations/amendments & notifications that impact; bring to the notice of the appropriate functions about their implications and applicability. 
 Advise and assist all stakeholders on both ongoing legal risks and anticipate on new legal risks, arising by virtue of new laws or regulations. 
 Liaise and coordinate with partner NBFCs and Banks to structure new and existing products in compliance with applicable regulatory environments pertaining to lending and co-lending partnerships.
 Conduct regular internal diligence and risk assessments related to LSP operations and digital lending processes along with compliance function and partner lenders
 Coordinate with internal tech, product, and business teams to ensure compliant implementation of customer journeys and product features.
 Maintain documentation, SOPs, and MIS required for compliance, contractual requirements and internal/external regulatory audits.

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