Are you a CA aspirant or finance enthusiast looking to build a career in the ever-evolving fintech compliance space? This Industrial Trainee – Payments Compliance internship offers an exceptional opportunity to gain real-world experience in regulatory compliance within India’s dynamic payments ecosystem. Over a 12-month period, you’ll work closely with seasoned compliance professionals, gain insights into financial regulations, and contribute to maintaining the regulatory integrity of a fast-growing fintech company.
Job Descriptions:-
| Company Name: | PhonePe |
| Role Name: | Intern |
| Batches: | Recent Batch |
| Degree: | Bachelor’s or Master’s degree |
| Salary: | INR 40K-60K/Month (Expected) |
| Position type: | Freshers |
| Location: | Bangalore, India |
Roles and Responsibilities
As an Industrial Trainee in the Payments Compliance team, you will be responsible for supporting regulatory processes, documentation, and stakeholder communication, while learning about India’s complex financial regulatory framework.
Regulatory Monitoring & Implementation
- Monitor, research, and analyze changes in Indian payment regulations issued by RBI, NPCI, and other governing bodies.
- Share timely updates and insights with relevant internal teams and stakeholders.
- Assist in the implementation of new regulatory guidelines and collect supporting evidence for audit and inspection readiness.
Compliance Documentation & Reporting
- Support the creation and maintenance of compliance certifications and internal policy documents.
- Assist in documenting internal compliance frameworks in line with regulatory changes.
- Maintain accurate and organized records for future audit and regulatory reviews.
Audit & Stakeholder Coordination
- Coordinate with multiple teams during regulatory inspections, including gathering responses to audit observations.
- Liaise with internal stakeholders to clarify compliance queries, audit requirements, and ensure closure of any identified non-compliance issues.
- Support the implementation of audit recommendations and internal controls.
Research & Analysis
- Conduct focused research on key compliance topics such as KYC/AML, data localization, and transaction monitoring.
- Provide input and insights on compliance risks and support proactive decision-making within the compliance team.
Role Requirements
To succeed in this role, you should have:
- A strong eye for detail and interest in financial regulations and payment systems.
- Basic knowledge or keen interest in the Indian regulatory landscape (RBI, NPCI, PMLA, etc.).
- Good understanding of compliance and control processes in financial services.
- Strong analytical thinking, time management, and organizational skills.
- Excellent verbal and written communication skills; fluency in English is essential.
- A proactive attitude with the ability to interpret complex regulations and communicate across business functions.
- Ability to build relationships and credibility with senior stakeholders and cross-functional teams.
- Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint).
- CA aspirants or candidates pursuing relevant industry qualifications are highly preferred.
What You Will Gain
- Deep understanding of payments compliance within the Indian financial system.
- Real-time exposure to regulatory reporting, compliance monitoring, and audit processes.
- Mentorship from experienced professionals in compliance, legal, and risk management.
- Hands-on experience within a fast-paced and growing Indian FinTech environment.
- The chance to contribute meaningfully to regulatory integrity and compliance readiness of a leading organization.
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Internship Duration
12 months (Full-time industrial trainee role)