Manager, Internal Financial Controls at PhonePe

Bengaluru, Karnataka, India

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Fintech, Digital PaymentsIndustries

Requirements

6+ Years of Relevant Experience of working on IT Internal / External Audit engagements - Control testing of IT Application Controls (ITAC) and Business process controls
Good understanding of Business Process Reviews, Functional testing and Control gap analysis
Testing experience of Oracle Fusion controls and post implementation configuration reviews in different functional modules
Undergraduate degree (BE/BTech/MTech) or CA/ACCA and one or more IT audit certifications (e.g. CISA, CISSP, CIA) and an interest in Financial Services
Solid understanding of risk and how controls can minimize those risks while being commercial
Proven analytical skills and keen to collaborate with data specialists to shape audit tests and acquire relevant insights from data
Good time management skills and precision in delivery
Ability to present information in a succinct and concise way
Strong social skills, a willingness to help others as well as addressing challenges encountered within audits in a proactive way
Understands the value of diversity in the workplace and is dedicated to fostering an inclusive culture in all aspects of working life so that people from all backgrounds receive equal treatment

Responsibilities

Contribute to building world class products that are audit ready within the controllership function
Direct interaction with PhonePe’s business teams, product teams, developers
Act as a trusted partner and use independence and influencing skills to support the improvement of the entity’s risk and control environment
Identify emerging risks and present compelling arguments with breadth and depth
Collaborate across multiple skillsets (i.e. business, technology, change and data analysts) to build well-informed influencers with deep industry knowledge and commercial expertise
Adopt new technologies and ideas to minimize inefficiencies and maximize thinking time

Skills

Internal Financial Controls

Application Audit

Risk Management

SOX Compliance

Control Testing

Financial Reporting

Audit Management

Stakeholder Influence

PhonePe

Digital payments and financial services platform

About PhonePe

PhonePe is a digital payments platform in India that allows individuals and businesses to conduct financial transactions securely and efficiently. It primarily operates through the Unified Payments Interface (UPI), enabling users to transfer money directly between bank accounts using their mobile phones. PhonePe differentiates itself by offering a wide range of services, including various insurance products and investment solutions, while maintaining a user-friendly interface and strong security measures. The company's goal is to make digital payments accessible to the next billion users in India, positively impacting the country's financial ecosystem.

Bengaluru, IndiaHeadquarters

2015Year Founded

$1,823.7MTotal Funding

GROWTH_EQUITY_VCCompany Stage

Consumer Software, Fintech, Financial ServicesIndustries

5,001-10,000Employees

Benefits

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, Mobile & Broadband Reimbursements, Salary Advance Policy

Risks

Increased competition in quick commerce could dilute PhonePe's market share.

Legal challenges like trademark infringement lawsuits may increase costs and damage brand.

Market cap restrictions in India's digital payments sector could impact PhonePe's valuation.

Differentiation

PhonePe integrates with ONDC, expanding into quick commerce beyond traditional payments.

Affordable insurance products like Dengue and Malaria plans attract health-conscious customers.

Proprietary solutions development enhances control over payment processes post-Juspay partnership termination.

Upsides

IPO and new funding round could expand services and market reach.

Manish Sabharwal's appointment strengthens governance and investor confidence.

Integration with ONDC positions PhonePe as a leader in digital marketplace services.

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