Industrial Trainee - Testing & Monitoring null

Your role

About the team

The PhonePe Financial Services Compliance team plays a critical role in the successful execution of the firm & compliance mission. The 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 the business globally.

Compliance teams work closely with business, legal, risk, and audit functions to provide expertise on regulatory compliance matters, assess and measure compliance and related risks, and monitor and test the adequacy of the firm & compliance control environment.

The Compliance Testing Industrial Trainee is responsible for the timely and effective management and execution of the Compliance Testing program. As a member of the PhonePe Compliance Testing team, the individual reports to the Manager of Compliance and will be based in Bangalore, India. The individual should have a flair for audit or compliance monitoring/testing with a strong risk and control mindset, keen awareness and interest in Data Analytics and be responsible for assessing compliance with regulations and policies through reviews conducted across the various product types and instrument types used or issued within PhonePe and affiliated businesses.

Roles and responsibilities

• Contribute and point out risks of the product/service during pre-planning work.
• Prepare the control checklist required for the review of 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.

About you

Role requirements

• Good eye for detailing with respect to each product's regulations and controls
• Inclination and focus on 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. This would be the key & critical foundation. Basic AML/ OFAC experience would be preferred.
• Passion for technical compliance and interest 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.

Benefits

PhonePe offers various benefits to employees and has designed a program to support expectant and new mothers to effectively manage family priorities while continuing to focus on their careers. Here are some benefits available:

• Employee well-being programs for mental and physical health such as counselling services, peer support groups and gym and fitness classes
• Medical and Life insurance
• Flexible working hours
• Quarterly parental workshops
• In-house daycare facility in Salarpuria office and partnership with Klay daycare in other cities
• Office conveyance allowance for 3 months
• Opportunity to connect with a buddy who is also an experienced mother to discuss day-to-day aspects of working, career post maternity and learn from experiences

Training & development

They offer a comprehensive training and development program through PhonePe University, designed to upskill employees with structured learning, hands-on experience, and mentorship. They also offer the Learning Assistance Program focusing on personal development, with learning programs aligned with employees' specific streams of work. Employees can also file annual claims for books and subscriptions to support their learning journey.

Career progression

PhonePe provides a variety of learning programs to support employees in charting their professional journey, with a strong emphasis on personal and professional growth. The Learning Assistance Program encourages employees to shape their development according to their interests, featuring modules beyond their immediate work roles and courses aligned with their specific work streams. This flexible approach allows employees to choose the learning paths that best suit their career aspirations.

Sources

The following sources were used in researching this page:

• linkedin.com
• phonepe.com/careers/
• medium.com/phonepe/phonepes-blueprint-for-cultivating-a-culture-of-happiness-and-employee-wellbeing-1b3ba9ce8a8b