PhonePe - Manager - Legal - LLB/LLM (5-9 yrs)
PhonePe is India's largest transactions platform built on payments. It is the crusader of UPI payments and a proud contributor to the hypergrowth of the world's most advanced payments system.
We are leading the narrative on mobile payments which will change the way people manage their money on the go. We want to make digital payments so easy, safe and universally accepted that people never feel the need to carry cash or cards again. We see ourselves facilitating this change, through technology at scale, positive disruption, and dogged customer centricity.
PhonePe started in 2015 and has achieved many milestones in the last 6 years and is rightly India's Payments App. Culturally, as a team, we learn fast, fail fast, act to impact, run lean and collaborate to bring out excellence and intellectual honesty in each other.
i. Part of BFSI contract management team at Mumbai with good understanding of banking/NBFC - loan agreements; other liability and asset products (including third party products); payments services contracts; insurance, AMC/mutual fund and other financial services distribution contracts and other allied contracts.
ii. Have experience of contract drafting with strong commercial understanding and negotiating skills for contracts with large / multinational Banks, insurances companies, AMCs who can support and step up the go to market strategy of the Business team.
iii. Assist in developing contracting minimum standards for BFSI which are aligned to the internal policies/procedures and global minimum requirements to insulate business of legal, corruption, privacy, antitrust risks.
iv. The Contract team works very closely with the Regulatory Legal team. Assisting and working with the regulatory team for new license applications, updating or drafting new polices on the basis of regulatory developments.
Description of work areas
i. Standardization of templates to the extent possible while prescribing standard clauses, negotiable and non-negotiable ones basis risk categorization and type of contracts.
ii. Drafting improvement in terms of migrating existing contracting standards to best in Class.
i. Develop strong regulatory and commercial understanding of the business and each product line for risk assessment including what is mandatorily required under various regulations for financial services products like lending (working capital, trade finance, personal loans), liability products, payments, insurance and MF. This would be required for strengthening the contracting process with clear understanding of obligations and minimum requirements flowing out of the regulations.
i. Communications with relevant counter parties - external counsel for contract finalization.
ii. Systematize the complete contracting process, TAT expectations, repository and retrieval process.
iii. Keep abreast of legislative change; maintain current knowledge of alterations in legislation to continue to improve contract versions
i. LL.B/ LLM
ii. Minimum 7-9 years post-qualification experience. A right mix of law firm and in-house counsel experience in Banking; financial services.
iii. Have strong drafting and communication skills.
iv. Exposure to a variety of contracts - Complex banking, integrations, licensing, variety of vendor, service and partner contracts - both revenue and expense line contracts.
v. Overall good legal knowledge (corporate law, business laws, data privacy practices, info sec standards, etc.)
Expectations other than qualification & technical experience:
i. Committed and ready to work under constraints/ pressure.
ii. Ready to travel with sense of urgency along with sales heads to close key agreements. (occasionally this may be required).
iii. High degree of professional ethics and integrity, excellent judgement, analytical skills and good interpersonal skills.
iv. Willingness to learn, improve and challenge the status quo for the better
v. Good Negotiation skill and general commercial acumen.
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