Technology Risk

Manager - Technology Risk & Compliance

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

Job Description

Manager - Technology Risk Assessment

Team - Technology Risk & Compliance ,Compliance

Location - Bangalore

The PhonePe Technology Risk and Compliance team plays a critical role in the successful execution of the firm's compliance mission. The Tech Risk and Compliance function ensures the development and maintenance of a strong compliance culture by developing and maintaining program infrastructure that identifies, measures and monitors compliance with applicable laws, regulations and rules that govern our business globally. Compliance teams work closely with Engineering, SREs', business, legal and other functions to provide expertise on regulatory compliance matters; assess and measure compliance and related risks and monitor and test the adequacy of the firm's compliance control environment.

Roles and Responsibilities:

1. To review PhonePe products, processes and environment from the perspective of security, regulatory compliance and best practices.
2. To conduct due diligence on new and existing technology implementations across business units at PhonePe.
3. To provide support to internal departments in areas of compliance with regulatory bodies (i.e. RBI, NPCI, SEBI, IRDAI, UIDAI), and implementation of security related requirements from circulars issued by regulators.
4. To collaborate with product/business/engineering teams to implement compliance plans to mitigate risks in the early stage of product development
5. To create control frameworks in guidance of the team and conduct gap assessment against security practices, various regulatory guidelines and compliance requirements

Must Haves:

1. 7 to 9 years of relevant work experience, B. Tech
2. Prior people management experience.
3. Strong understanding of ITGC domains and business processes.
4. Experience in managing audits and implementing cyber security controls, NIST, PCI DSS standards, ISMS etc.,
5. Certifications such as ISO 27001 / CISA / CISM / CISSP preferred.
6. High ethical standards and are able to work diligently to complete your duties.
7. Analytical mind able to "see" the complexities of procedures and regulations.
8. Demonstrate the ability to plan and execute projects with minimal management support.

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 on our blog.

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