About Us: Paytm is India’s leading digital payments and financial services company, which is focused on driving consumers and merchants to its platform by offering them a variety of payment use cases. Paytm provides consumers with services like utility payments and money transfers, while empowering them to pay via Paytm Payment Instruments (PPI) like Paytm Wallet, Paytm UPI, Paytm Payments Bank Netbanking, Paytm Fastag and Paytm Postpaid - Buy Now, Pay Later. To merchants, Paytm offers acquiring devices like Soundbox, EDC, QR and Payment Gateway where payment aggregation is done through PPI and also other banks’ financial instruments. To further enhance merchants’ business, Paytm offers merchants commerce services through advertising and Paytm Mini app store. Operating on this platform leverage, the company then offers credit services such as merchant loans, personal loans and BNPL, sourced by its financial partners.
About the team: The legal team facilitates legal risk and compliances centrally and ensures business activities are conducted in conformity with all applicable laws, regulations, internal policies, and procedures. Serve as a liaison for local regulators, and legal bodies as well as maintaining relationships with them. Ensure local regulatory permissions for Paytm remain current and appropriate for business needs.
About the role: The major responsibilities would include being a part of the legal Contracts team to ensure effective management of legal and contractual matters, in addition to identification and mitigation of legal risks for the organization. The person will be a part of the legal team and assist senior legal colleagues in special and upcoming projects under the e-commerce and fintech division of Paytm.
Responsibilities:
1. Drafting, reviewing, negotiating and finalizing documents (NDA’s, Contracts, lending documentation, distribution contracts, loan agreements, collection service agreements, letters, etc) from a legal perspective and ensuring minimal/no risk to the organization.
2. Well-versed with Reserve Bank of India (RBI) guidelines w.r.t Digital Lending, Outsourcing Guidelines, KYC and other guidelines and circulars w.r.t digital lending.
3. Negotiating with external counterparts (third party banks and financial institutions) on the digital lending agreements.
4. Identifying the legal risks and research on applicable laws including RBI guidelines concerning the development of new products.
5. Helping to interpret changes to regulatory guidelines and updatation of contracts in line with change in RBI guidelines etc
6. Advising the business on day to day operational related queries etc
7. Liaising with various internal stakeholder’s (Business, Finance, Compliance, Infosec, DPO) to ensure timely closure of agreements and advise them on contractual mandates etc
8. End to End legal management of signed business unit
9. Liaising with internal/external audit teams to understand and close the queries on legal contracts
10. Managing the internal contract tool and trackers.
Superpowers/ Skills that will help you succeed in this role:
1. 8-10 years of experience in end to end contract management in a Fintech, bank or NBFC.
2. String legal acumen, and good interpersonal and negotiation skills.
3. Attention to detail and ability to work independently and efficiently.
4. Ability to thrive in a fast-paced and dynamic growth-mode environment.
5. Proficient with MS Word/MS Office.
6. Experience with a law firm or as an in-house counsel is preferred.
7. A candidate having experience working with a Payments/ Banks/ Trading Company is highly preferred.
8. The candidate should have good drafting skills and attention to detail.
9. The person should be a self-starter and willing to hustle in a start-up environment.
10 . Experience in a law firm or working as Legal counsel is preferred.
Education: Must be a law graduate, LL.B from top tier institute (National Law Schools, DU, ILS, Symbiosis) is preferred.
Why join us: Merit-based culture that thrives on self-motivated & driven individuals who are set out to make a successful career in India’s fastest-growing Fintech Organization. Agile & democratic setup that gives space to your creativity, and offers the opportunity to work at scale coupled with an environment that encourages diverse perspectives at all times.
Compensation: If you are the right fit, we believe in creating wealth for you With enviable 500 mn+ registered users, 21 mn+ merchants and depth of data in our ecosystem, we are in a unique position to democratize credit for deserving consumers & merchants – and we are committed to it. India’s largest digital lending story is brewing here. It’s your opportunity to be a part of the story!
