Role Title –Lead – Legal Counsel

Location – Gurgaon/Mumbai

About the Team

The Legal and Compliance team at PayU plays a strategic role in enabling business growth while ensuring adherence to regulatory and legal frameworks.

About the Role

To support PayU’s growth plans in India for credit, payments and fintech opportunities, PayU is looking for a legal counsel with strong background of banking, financing, treasury, fintech, capital markets, general corporate or technology (and vendor contracts) related legal work together with a possible background in payments, credit and/or other financial services.

The role will be responsible for handling a variety of work involving legal and regulatory aspects of non-banking financial business, insurance, treasury, new fintech products, drafting and streamlining of documentation and negotiations with regard to different types of agreements related to the credit and insurance business.

Responsibilities:

• Ability to work in a highly dynamic environment and collaboration with various internal and external stakeholders.
• Ability to think through original new products, expansion into new market verticals and areas relating to innovative fintech and financial solutions.
• The ability to provide time-sensitive support on a wide array of legal and regulatory issues in connection with all aspects of PayU's operations in India, along with the ability to conduct research and form views across different legislations and regulations governing various sectors in India.
• Draft, review, and negotiate a wide range of commercial contracts, including non-disclosure agreements, service agreements, service level agreement, amendment agreements, memorandum of understanding, letter of intent etc.
• Own the full contract lifecycle including drafting, redlining, negotiation, finalization, execution, and post-signing compliance.
• Ensure contracts align with legal and regulatory requirements, corporate policies, and industry best practices.
• Participate in contract negotiations with external parties including lending service providers, merchants, banks and financial institutions, vendors, demonstrating strong negotiation skills to achieve favorable terms and outcomes.
• Develop and maintain contract templates and standard clauses to streamline the contract drafting process and contribute to playbooks, negotiation strategies, and process improvements to reduce contract closure timelines.
• Assist the organization by keeping abreast of new legislation and regulatory developments that may impact the business.
• Strong drafting and communication (both written and oral) skills in English.
• Key personalities: Efficient, punctual, responsible, transparent, reliable and accountable.

Requirements:

• The ideal candidate will be an independent, result oriented, self-motivated individual who enjoys working in a fast paced, international, dynamic, and diverse environment.
• Bachelor’s degree in law from a recognized Indian institute.
• 4 to 7 years’ professional experience with a reputed law firm and/or reputable corporate entity or financial institution. Initial background of working with a law firm on M&A, general corporate, banking, capital markets, technology, intellectual property, privacy or financing legal work will be a definite plus.
• Experience in working with bank and financial institutions, investment firms or other financial services will be viewed favorably.
• Experience in Indian laws and regulations concerning one or more of payment aggregation, banking, NBFCs, digital payments, digital lending, insurance and financial services, fintech businesses, prepaid payment instruments, bill payments, and technology.
• Experience in developing and implementing processes for efficient and streamlined operations surrounding contract negotiations and processes.
• Additional experience in litigation will be viewed favorably.

What we offer?

• A positive, get-things-done workplace.
• A dynamic, constantly evolving space (change is par for the course – important you are comfortable with this).
• An inclusive environment that ensures we listen to a diverse range of voices when making decisions.
• Ability to learn cutting edge concepts and innovation in an agile start-up environment with a global scale.
• Access to 5000+ training courses accessible anytime/anywhere to support your growth and development (Corporate with top learning partners like Harvard, Coursera, Udacity).

About us:

PayU, one of India's leading digital financial services providers with Prosus as an investor, operates businesses that are regulated by the Reserve Bank of India and offers advanced solutions to meet the digital payment and digital lending requirements of the Indian market. PayU India companies aim to create a full-stack digital financial services platform to serve all (tapped and untapped) financial needs of customers through technology solutions.

PayU Finance India Private Limited, is a non-deposit taking systemically important non-banking financial company registered with the Reserve Bank of India(“RBI”) vide certificate of registration (CoR) number 13.00127 dated 21 February 2019.

PayU Finance is engaged inter alia in the business of providing products, enterprise lending and specific lending, apart from providing certain technology related services, financial services, or a combination of both.

Our Commitment to Building A Diverse and Inclusive Workforce

As a global and multi-cultural organization with varied ethnicities thriving across locations, we realize that our responsibility towards fulfilling the D&I commitment is huge. Therefore, we continuously strive to create a diverse, inclusive, and safe environment, for all our people, communities, and customers. Our leaders are committed to create an inclusive work culture which enables transparency, flexibility, and unbiased attention to every PayUneer so they can succeed, irrespective of gender, color, or personal faith. An environment where every person feels they belong, that they are listened to, and where they are empowered to speak up. At PayU we have zero tolerance towards any form of prejudice whether a specific race, ethnicity, or of persons with disabilities, or the LGBTQ communities.