Manager - Internal Audit (Stockbroking)

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

Manager, Internal Audit

Bengaluru, India

About PhonePe Group:

PhonePe is India's leading digital payments company with 50 crore (500 Million) registered

users and 3.7 crore (37 Million) merchants covering over 99% of the postal codes across

India. On the back of its leadership in digital payments, PhonePe has expanded into financial

services (Insurance, Mutual Funds, Stock Broking, and Lending) as well as adjacent tech-

enabled businesses such as Pincode for hyperlocal shopping and Indus App Store which is

India's first localized App Store. The PhonePe Group is a portfolio of businesses 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 take extra care to make sure you give your best at work, Everyday And

creating the right environment for you is just one of the things we do. We empower people

and trust them to do the right thing. Here, you own your work from start to finish, right from

day one. Being enthusiastic about tech is a big part of being at PhonePe. If you like building

technology that impacts millions, ideating with some of the best minds in the country and

executing on your dreams with purpose and speed, join us

Job Role / Responsibilities

• Develop a comprehensive understanding of PhonePe's business, systems, and processes.
• Conduct risk-based internal audits across stock broking processes such as trading,

settlements, depository participant (DP) operations, client onboarding, and regulatory

reporting.

• Stay updated and ensure compliance with SEBI, NSE, BSE, NSDL, CDSL guidelines

related to capital market regulations and Research Analyst including best practices, and

emerging trends

• Acquire in-depth process understanding for planned audits, including processes, systems

involved, data flow, and datasets.

• Execute audits from risk assessment, audit planning & scoping to execution & reporting.
• Prepare / review RCMs, process notes, flow charts, and other working papers.
• Drives and understand root cause of the observations and follow the 5 why approach for

corrective action plans.

• Prepare comprehensive audit reports, ensuring clarity, accuracy, and adherence to

internal reporting standards.

• Facilitate discussions with auditees on audit findings, ensuring a clear understanding of

identified issues and recommendations, and report significant issues to senior management.

• Provide timely updates on audits to the Internal Audit head, holding regular meetings

with auditees.

• Ensure the overall quality of audit reports and audit documentation based on methodology
• Plan resource and budget for audit and be able to lead the audit team
• Handle Internal Audit organizational activities, including budgeting, risk assessment, and

external stakeholder management.

• Conduct periodic follow-ups with auditees to monitor the timely and effective

implementation of management action plans.

• Demonstrates good understanding of data governance processes, practices, policies,

and guidelines.

Essential Skills/Qualification

• Min 7 years of post-qualification experience in internal audit and/ or relevant function
• Prior Industry experience in Broking Industry especially in Exchange or Depository

Operations

• Chartered Accountant or equivalent qualification - Sound understanding of control

environment, compliance, and risk frameworks.

• Excellent written and verbal communication skills.
• Strong problem solving and analytical skills.
• Be able to work in a fast-paced role with competing priorities. Adaptable to project

requirements and does what is required to get the job done.

• Demonstrate ability for seamless execution, continuous improvement and problem solving.

Preferred Skills & Qualification

• Experience in internal audits or organization risk and control functions.
• Review quantitative analysis that translates data into actionable insights.

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

Working at PhonePe is a rewarding experience Great people, a work environment

that thrives on creativity, the opportunity to take on roles beyond a defined job

description are just some of the reasons you should work with us. Read more about

PhonePe on our blog.

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
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