Apply online for the 2024 Finance internship at PhonePe. Get ready to take your first step into finance by applying online for the 2024 Finance internship at PhonePe. Don’t miss this chance to gain valuable experience and kickstart your career!
| ROLE | Intern, Financial Services Compliance |
| COMPANY | PhonePe |
| WEBSITE | www.phonepe.com |
| QUALIFICATIONS | Any Graduate or relevant qualifications |
| SALARY | 30,000/- Per Month |
| LOCATION | Bangalore |
| EXPERIENCE | 0 – 3 years |
| WORK TYPE | Full time |
Location: Bangalore
Organisation: PhonePe
Apply online for the 2024 Finance internship at PhonePe
About PhonePe:
PhonePe is India’s foremost digital payments platform, boasting:
- 500 Million+ registered users
- 37 Million+ merchants across 99% of India’s postal codes.
Beyond payments, PhonePe ventures into financial services (Insurance, Mutual Funds, Lending, Stock Broking) and tech-enabled businesses such as:
- Pincode for hyperlocal shopping
- Indus App Store, India’s localized app store
Role Overview
The Compliance Testing Intern will be part of the Compliance Testing team, reporting to the Manager, Compliance. The position entails a proactive approach to identifying risks, conducting control reviews, and ensuring compliance across various products and services.
Roles and Responsibilities
- Risk Identification in Pre-Planning Work
- Actively contribute to identifying potential risks associated with products and services during the pre-planning stages of compliance activities.
- Offer insights on areas needing further scrutiny to mitigate risks effectively.
- Checklist Preparation
- Develop detailed control checklists to assess compliance for both regulated and unregulated functions.
- Ensure these checklists comprehensively address all aspects of regulations and internal controls.
- Compliance Program Design and Execution
- Collaborate on designing work programs that aim to evaluate the organization’s compliance with applicable rules and regulations.
- Execute these programs diligently, adhering to established deadlines and ensuring comprehensive assessments.
- Stakeholder Interaction
- Engage with senior leadership, including business heads and compliance officers, to scope out controls and assess their design.
- Present findings clearly and propose actionable solutions to address identified control gaps or enhance current processes.
- Conduct Walkthroughs
- Formulate targeted questions to be asked during process walkthroughs.
- Take the lead in conducting these walkthroughs, ensuring critical information is collected and risks are noted.
- Control Identification
- Identify key controls during walkthroughs and assessments, particularly those related to the noted risks.
- Document these controls for further evaluation and testing.
- Issue Documentation
- Draft detailed issue documentation that captures significant findings, ensuring clarity and comprehensiveness for senior review.
- Testing Coordination
- Define testing scripts and collaborate with development teams to execute them.
- Evaluate outcomes and report them to the manager for further review.
Role Requirements
- Attention to Detail
- A keen eye for detail, particularly concerning product-specific regulations and associated controls, is essential.
- Controls Testing Expertise
- A solid foundation in controls testing, including assessing design and operational effectiveness, is critical.
- AML/OFAC Knowledge
- Basic understanding or experience in Anti-Money Laundering (AML) and Office of Foreign Assets Control (OFAC) regulations is advantageous.
- Regulatory Knowledge
- A good appreciation of compliance requirements in India and APAC regions, including an understanding of local laws.
- Technical and Analytical Skills
- Proficiency in tools like Excel and SQL is preferred.
- Strong analytical and time-management skills to ensure tasks are completed accurately and on time.
- Communication and Collaboration
- Excellent communication skills to interact with stakeholders effectively.
- Ability to work collaboratively in a team while maintaining a professional demeanor.
- Educational Background
- Relevant industry qualifications, a university degree in a related field, or an audit background will be considered.
Benefits (For Full-Time Roles)
- Insurance: Medical, Critical Illness, Accidental, and Life Insurance.
- Wellness Program: Employee Assistance Program, Onsite Medical Center, and Emergency Support System.
- Parental Support: Maternity, Paternity, Adoption Assistance, and Day-care programs.
- Mobility Benefits: Relocation, Transfer Support, and Travel Policies.
- Retirement Benefits: Employee PF Contribution, Flexible PF, Gratuity, NPS, and Leave Encashment.
- Additional Benefits: Higher Education Assistance, Car Lease Options, and Salary Advance Policy.
Salary
The position offers a salary of 3 LPA, with no application fee required. This is a great opportunity for those looking to build a career in compliance within a leading fintech company.
How to Apply
To apply for this role, visit the official PhonePe website: www.phonepe.com
Make sure to upload a detailed resume highlighting your experience, qualifications, and any relevant certifications in compliance or audit.
