Risk Investigator - AML & Surveillance (Stock Broking Transaction Monitoring & Reporting)

Position: Risk Investigator - AML & Surveillance (Stock Broking Transaction
Monitoring & Reporting)

★ About PhonePe
PhonePe is India’s leading digital payments company with 50 crore (500 Million) registered
users and 3.7 crore (37 Million) merchants covering over 99% of the postal codes across India.
On the back of its leadership in digital payments, PhonePe has expanded into financial services
(Insurance, Mutual Funds, Stock Broking, and Lending) as well as adjacent tech-enabled
businesses such as Pincode for hyperlocal shopping and Indus App Store which is India's first
localized App Store. The PhonePe Group is a portfolio of businesses aligned with the
company's vision to offer every Indian an equal opportunity to accelerate their progress by
unlocking the flow of money and access to services.
★ Culture
At PhonePe, we take extra care to make sure you give your best at work, Everyday! And
creating the right environment for you is just one of the things we do. We empower people and
trust them to do the right thing. Here, you own your work from start to finish, right from day one.
Being enthusiastic about tech is a big part of being at PhonePe. If you like building technology
that impacts millions, ideating with some of the best minds in the country and executing on your
dreams with purpose and speed, join us!

★ About the Team: -
Embark on an exciting journey by joining the vibrant PhonePe AML Operations team as a Risk
Investigator in PhonePe Wealth Broking Pvt. Ltd. This role is a vital contribution to the Trust &
Safety initiative, focusing on fortifying the security and reliability of PhonePe's products within
the dynamic landscape of Stock Broking. If you are driven to shape processes, employ digital
tools, and discern financial transactions, patterns, and trends affecting millions of customers,
seize this opportunity to collaborate with top-notch professionals and bring your aspirations to
life with purpose and agility - this is your opportunity!
You will work closely with other members of the Trust & Safety, Compliance, Risk Management,
Operating Businesses and Support Functions, assisting in enhancing the oversight of
PhonePe’s business activities in India. You will be part of a team with members from a wide
range of academic and professional backgrounds.
We are looking for those who possess sound judgment, adaptable to changing regulatory
landscape.

➢ Roles & Responsibilities:

1. Understand the AML & Surveillance workflow in the Stock Broking Domain, adhering to
regulatory aspects (NSE, BSE, CDSL, NSDL, SEBI, RBI, FIU).
2. Manage and mitigate alerts triggered by various red flags. Conduct research,
investigations, and identify risky patterns, trends, and anomalies in complex
transactional and customer data to detect, prevent, mitigate, and report suspicious
activity related to ML/TF at PhonePe Wealth Broking Pvt. Ltd.
3. Possess a deep understanding of regulatory policies, SEBI/NSE/BSE circulars, and
depository rules, applying regulatory concepts in day-to-day job functions.
4. Hands-on experience in conducting thorough research on higher-risk customers, utilizing
systems and databases for investigative purposes, and reviewing high-risk client activity
to identify unusual patterns.
5. Prepare and file Suspicious Transaction Reports (STR) and ensure timely submission of
AML and surveillance alerts to regulators, depositories, and stock exchanges
(BSE/NSE).
6. Present AML and Surveillance alerts to Senior Management at quarterly intervals.
7. Monitor, process, and close surveillance and transactional alerts received from the
exchanges and depository.
8. Apply industry best practices for Anti Money Laundering within the Stock Broking
domain.
9. Analyze comparative data, prepare reports related to AML risk assessments, and
monitor AML-related issues and escalations.
10. Support AML monitoring, working with PO/MLRO or APO on monitoring alerts and
closure processes, and contribute to reconciliation activities.
11. Work independently with minimal supervision, effectively managing time and prioritizing
workload.

➢ Education & Preferred Qualifications:
Requirements include, but are not limited to:
1. Graduate Degree; MBA or other postgraduate degree is a plus.
2. Minimum 3-5 years of relevant experience in the Stock Broking domain, focusing on Anti
Money Laundering Investigations, Escalations, and FIU-IND Reporting.
3. In-depth understanding of AML/CFT framework, SEBI Stock Broking regulations,
circulars, Stock Exchange rules, byelaws, and related acts affecting business activities.
4. Experience in preparing and filing regulatory reports to SEBI/Exchanges
(NSE|BSE)/CDSL/FIU-IND.
5. Knowledge of AML tools (Trackwizz, etc.) would be advantageous.
6. Any recognized AML certification is a plus.
7. Proficient in MS Office (Word/Excel/PowerPoint).
8. NISM Certification (Securities Operations, Risk Management, etc.) would be an added
advantage.
9. A team player with excellent drafting, strong interpersonal skills, and verbal
communication.
10. Demonstrated ownership and a proven track record of delivering results with strong
attention to detail and analytical skills.

➢ Other Competencies:
➢ Strategic Mindset
➢ Internal/External stakeholder engagement
➢ Willingness to adapt & learn.
➢ Flexibility and team-player mentality

PhonePe believes in and follows an equal employment opportunity policy that doesn't
discriminate on gender, religion, sexual orientation, colour, nationality, age, etc. We welcome
interests and applications from all groups and communities across the globe.
★ PhonePe Full Time Employee Benefits (Not applicable for Intern or Contract Roles)
● 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, Salary Advance
Policy

Working at PhonePe is a rewarding experience! Great people, a work environment that
thrives on creativity, the opportunity to take on roles beyond a defined job description
are just some of the reasons you should work with us. Read more about PhonePe on our
blog.
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