LawSikho

Deadline 24-10-2026

Location Mumbai, Maharashtra, India

Details of the Organization

FatakPay is India's financial super app, trusted by 5Cr+ users across the country.

We are building a connected financial ecosystem that gives every Indian faster, simpler access to Loans, Investments, Insurance, a Credit builder program, Memberships, and referrals, all from a single app. Our core offerings include instant personal loans, a dedicated Credit Builder Program to help users improve and strengthen their credit profile, digital gold investments, and insurance solutions, backed by minimal documentation, quick approvals, and direct bank disbursal.

Every user also benefits from exclusive memberships and referral rewards, designed to add more value to their financial journey on FatakPay.

At FatakPay, we are committed to financial enablement and empowerment, giving users the transparency and technology they need to take control of their financial future.

As one of India's fastest-growing fintech platforms, FatakPay is committed to driving financial inclusion and building the future of digital finance for millions of Indians.

Details of the Job/Internship

We're hiring! Fataksecure, the insurance arm of Fatakpay, is looking for passionate professionals to be part of our journey.

Job Title: Leader – Compliance, GRO and Legal

Location: Mumbai, Andheri

Role and Responsibilities

Fataksecure is seeking an agile, sharp, and execution-oriented AVP – Legal, Compliance & GRO to head our legal and regulatory ecosystem. As an insurance distribution intermediary operating under a Corporate Agent framework, regulatory integrity is core to our business.

In this role, you will hold ultimate ownership of end-to-end commercial contracting, lead day-to-day and time-bound IRDAI compliance, and serve as the company's officially designated Grievance Redressal Officer. We are looking for a hands-on leader who can seamlessly balance high-level regulatory governance with deep-dive drafting and process design.

Legal & Contract Management

Strategic Agreements: Structure, draft, negotiate, and manage Corporate Agent Agreements, Group Master policy agreements, Vendor and other Partner agreement along with SLAs.
Risk Mitigation: Act as the internal legal advisor to protect the company from commercial vulnerabilities while maintaining business velocity

Regulatory Compliance & IRDAI Governance

Ensure absolute adherence, continuous monitoring, and timely return filings for all rules and regulations applicable to a Corporate Agent, including but not limited to:

Core Statutes: The Insurance Act, 1938 and the underlying Insurance Rules.
Intermediary Frameworks: IRDAI (Registration of Corporate Agents) Regulations, 2015

Product & Sales Protection: IRDAI (Protection of Policyholders’ Interests and Allied Matters of Insurers) Regulations, 2024 (PPHI Regulations, 2024) and the 2 Master Circulars issued under it.

Digital & Tech Compliance: IRDAI guidelines on Insurance Self-Network Platforms (ISNP Guidelines).

Operational Mandates: Authorised Verifier Guidelines, ongoing compliance of corporate licensing

conditions, and Outsourcing Guidelines.

Filing & Reporting Architecture: Own and manage the calendar for all:

One-time compliances (license renewals, platform approvals).
Regular/Time-bound compliances (periodic return filings, financial disclosures, board reporting

Grievance Redressal Officer (GRO) Function

Official Representation: Act as the officially registered Grievance Redressal Officer (GRO) for

Fataksecure in front of customers, insurance partners, and the IRDAI.

Process Design: Design, implement, and audit an institutionalized, tech-enabled workflow for complaints management and quick resolution.
Escalation & Resolution: Directly manage high-tier consumer grievances, dispute reconciliations, and responses to any legal or regulatory customer notices.

Eligibility

5-8 Years

Type: Full-time | On-site

Kindly share your resume at careers@fatakpay.com

LL.B. or LL.M. preferred. A Company Secretary (CS) qualification is highly desirable but not mandatory.

Minimum 5-8 years’ experience. Prior experience of handling regulatory compliance within an Insurtech startup, Insurance Brokerage, Corporate Agent, or Insurance Company

Hands-on Execution: Able to draft, file, and review documentation.
Process-Driven: Strong capability in building checklists and compliance calendars to ensure zero

missed timelines for recurring filings.