Bengaluru Compliance Associate Manager, Technology Risk & Compliance

PhonePe Group; Hinoba-an; On-site; PHP 1,200,000 - 2,000,000; Full time

Benefits offered by this job

Medical Insurance

Critical Illness Insurance

Life Insurance

Employee Assistance Program

Onsite Medical Center

Relocation benefits

Travel Policy

Job summary

PhonePe Limited is seeking an Associate Manager, Technology Risk & Compliance to join the Compliance team in a full‑time capacity. The role focuses on risk assessment, control design, and regulatory alignment for various product lines across APAC and India.

The candidate will interact with senior leaders and coordinate across functions to strengthen controls and ensure compliance. The ideal candidate has 6+ years in audit or compliance within financial services or fintech, strong English

Qualifications

• 6+ years of audit, compliance testing or monitoring experience.
• Experience in financial services (banking, NBFC, insurance, stock broking, fintech) preferred.
• Strong communication with senior leadership and cross-functional partners.
• Able to interpret and apply regulations across jurisdictions.

Responsibilities

• Contribute and point out risks of the product/service during pre-planning work.
• Prepare the control checklist required for the review for each regulatory and unregulated functions.
• Design work programs and execute steps to evaluate compliance with rules and regulations.
• Interact with senior heads of business and compliance to scope, design, report findings, and address gaps.
• Formulate questions for walkthroughs and lead walkthroughs when needed.
• Identify controls after walkthroughs and assess related risks.
• Draft issue documentation and highlight essential parts.
• Define testing scripts and coordinate with development teams to validate outcomes.

Skills

Risk & compliance framework

Regulatory compliance

Attention to detail

Communication skills

English fluency

Education

Audit/Compliance qualification

University degree

Tools

Excel

SQL

Job description

Associate Manager, Technology Risk & Compliance

• Full-time
• Department Name: Compliance

PhonePe Limited (Formerly PhonePe Private Limited) is a technology company that builds digital platforms for Payments, Digital Distribution Services and Financial Services. Headquartered in India, the PhonePe digital payments app was launched in 2016. As of April 2026, PhonePe has over 70 Crore life-till-date registered users and a digital payments acceptance network spread across over 5 Crore merchants. PhonePe’s products and services include Consumer Payments (including Digital Distribution Services), Merchant Payments, Lending and Insurance Distribution services, and New Platforms, which comprise Share.Market (stock broking and mutual funds distribution platform), and Indus Appstore (Android-based mobile app marketplace). 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!

Roles and Responsibilities:

• Contribute and point‑out risks of the product/service during pre‑planning work.
• Prepare the control checklist required for the review for each regulatory and unregulated functions
• Designing work programs and executing steps, meeting deadlines to evaluate compliance with rules and regulations.
• Interacting with senior heads of business and compliance as part of scoping, control design assessment, reporting findings and offering solutions to address control gaps or enhance processes.
• Formulate questions to be asked during walkthroughs and lead walkthroughs when called upon
• Identify controls after attending a walkthrough, specifically those related to the risks noted
• Provide rough drafts of issue documentation, identifying the important parts required.
• Define testing scripts, coordinate with respective development teams to run the same during the review process and evaluate the outcome along with the manager.
• Good eye for detailing with respect to each product regulations and controls
• Compliance Assurance (preferably also from a financial service e.g., banks, NBFC, Insurance firms, Stock Broking firms, Fintech etc) or is a former financial services industry employee that has led audits/ examinations/ compliance reviews /quality assessments /quality tests where the focus was Controls Testing (which very importantly includes (i) assessing the design of controls, and (ii) whether the controls are operating effectively) would be a good candidate. They would be the key & critical foundation. Basic AML/ OFAC experience would be preferred.
• At least 6 years of audit, compliance testing or monitoring, or relevant Compliance experience.
• Passion for technical compliance and be interested in conducting wide‑scale investigative reviews.
• Have a good appreciation of the regulations applicable in India and APAC.
• Highly detail‑oriented, motivated, curious individual with good time‑management skills, analytical and communication skills
• Quick and sharp individual who relishes the challenges of understanding and interpreting regulations and processes across different businesses and jurisdictions.
• Strong communication, interpersonal and influencing skills. The candidate should have the ability to establish credibility and strong partnerships with senior business leaders, control functions and corporate partners globally.
• Fluency in written and spoken English is a must have. Excellent written skills, and ability to prepare clear, concise reports with minimal supervision.
• Have an audit and / or relevant industry qualifications, or a university degree.
• Proficiency in Excel and SQL is a preferred skill to have.

PhonePe Full Time Employee Benefits (Not applicable for Intern or Contract Roles)

• Medical Insurance
• Critical Illness Insurance
• Accidental Insurance
• Life Insurance
• Employee Assistance Program
• Onsite Medical Center
• Emergency Support System
• Maternity Benefit
• Paternity Benefit Program
• Adoption Assistance Program
• Day-care Support Program
• Relocation benefits
• Transfer Support Policy
• Travel Policy
• Employee PF Contribution
• Flexible PF Contribution
• Gratuity
• NPS
• Leave Encashment
• 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.

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