Manager - Legal & Compliance

About Flexmoney:

Flexmoneys mission is to Democratize and Simplify Consumer Finance. Our best-in-class

embedded digital finance platform enables any retailer, e-commerce merchant or other

commerce partner to offer the widest range of embedded, frictionless instant digital

affordability options from multiple trusted lenders across all customer touch points. We

work with trusted lending partners (Banks, NBFCs and Fintechs) to develop and offer

regulator compliant, instant digital credit products embedded in consumer journeys.

Flexmoney was instrumental in helping define and establish the Cardless EMI category

and payment checkout option with lenders and online merchants in the Indian market,

enabling lenders to offer a completely digital transacting credit instrument to pre-approved

users without the need for a credit card relationship. Our Cardless EMI platform powers

this payment option at over 65,000 online merchants (including marquee merchants such as

Flipkart, Amazon, MakeMyTrip etc) and has enabled our lending partners (such as HDFC,

ICICI, Kotak Mahindra Bank & ICICI Bank amongst others) to rapidly issue over 45 MM+

Cardless EMI transacting credit lines to their existing customers.

The next phase of Flexmoneys growth is to expand beyond online Cardless EMI

payments. To that end we are developing a new digital Universal Affordability Platform that

enables omni-channel, seamless multi-lender 360? embedded finance and associated

services across every potential commerce channel and customer touch point (online, in-

store/in-branch, tele-sales and agent assisted sales) as well as tailored credit products and

deep vertical solutions for multiple finance-led aspirational commerce segments (such as

Edtech, Travel, Home & Furniture, Insurance, Mobiles, Home Appliances, Health & Wellness amongst others).

What we look for

• We are looking for an experienced, motivated legal professional to join our core team and help build the future of credit in India.
• Around 4-5 years experience working in a Legal and Compliance unit of any Fintech preferably in Digital Lending space
• Possess good legal research skills and domain knowledge of corporate laws, information technology laws, employment and labour laws, digital lending and all other laws applicable to the Company
• Ability to review legal contracts of all the partners (Lenders, Merchants, Payment Aggregators etc) and ensure that the company is adequately protected from any liability arising out of incorrect / incomplete construct of such contracts

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• Ability to negotiate the terms and conditions in the contract in companys favour with all partners legal department
• Understand the compliance requirements laid down by regulatory authorities such as RBI, Ministry of Electronics, and Information Technology etc in the field of Digital Lending, Customer Data Management etc
• Strong communication and interpersonal skills and ability to interface with people across all levels High ethical standards

What you will do

• Ensure comprehensive legal contract signed by the partners is in place prior to on boarding any partner including Lenders, Merchants, Payment Aggregators, Networks etc
• Review legal contracts of all the partners and ensure that the company is adequately protected from any liability arising out of incorrect / incomplete construct of such contracts
• Track the expiry date of all legal contracts and work with the partners to renew the contracts prior to the expiry date
• Design and implement a Compliance framework to ensure that the company is following all the regulatory requirements
• Design and implement Customer Terms and Condition and ensure that the T&Cs are simple, concise, and transparent to customers
• Negotiate with the legal counterparts of all partners to extract best position for the company
• Work closely with the company business team and management team to enable business growth with prudent risk and compliance practices.

Location: Mumbai (WFO)