Senior Compliance Manager

Senior Manager -Stockbroking 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: Senior Manager, Compliance – Stock Broking

Role Overview:

The Senior Manager, Compliance will be a senior member of the Compliance function for the stock
broking business, responsible for providing strategic direction, oversight, and execution of the
compliance framework. This role involves advising business and product teams, managing regulatory
engagements, ensuring timely implementation of SEBI/Exchange/Depository guidelines, and
strengthening the compliance control environment. The Senior Manager will also act as a key liaison
between internal stakeholders and regulators, ensuring a culture of integrity, accountability, and
regulatory excellence.

Key Responsibilities:

● Provide strategic advisory support to business, product, legal, risk, and audit teams on
regulatory and compliance matters impacting stock broking activities.
● Monitor developments in SEBI, NSE, BSE, CDSL, NSDL, and other applicable regulatory
frameworks, proactively identifying and mitigating potential risks.
● Conduct gap analysis of new/revised guidelines and oversee implementation of necessary
compliance measures across processes and products.
● Review and sign off on new product features and platform enhancements, ensuring
adherence to regulatory requirements and control effectiveness.
● Lead the preparation and handling of regulatory inspections, inquiries, and ensure accurate
and timely submissions.
● Develop and deliver compliance training programs, serving as a subject matter expert and
primary point of contact for compliance queries from staff.
● Provide regular updates to senior leadership on key compliance risks, emerging issues, and
required escalations.
● Build and maintain strong relationships with regulators and exchanges to foster transparent
and constructive engagement.

Qualifications & Experience:

● 10–12 years of experience in compliance, risk, or regulatory roles within stock broking,
depositories, or capital markets.
● In-depth knowledge of SEBI regulations, exchange rules, and regulatory frameworks
governing stock broking.
● Proven expertise in handling regulatory audits, inspections, and reporting obligations.
● Strong analytical and problem-solving skills with the ability to navigate complex regulatory
issues.
● Demonstrated leadership in driving compliance initiatives, projects, and cross-functional
coordination.
● Excellent communication and stakeholder management skills; ability to influence at senior
levels.
● High ethical standards and commitment to fostering a culture of compliance.

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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