Analyst, Credit Risk Management

PhonePe’s interview process typically starts with an online aptitude and coding test, followed by a technical interview focusing on risk modelling, SQL queries, and Python coding. The final rounds include a managerial discussion on problem‑solving approach and an HR conversation about cultural fit. Candidates should practice data‑driven case studies and be ready to explain model decisions clearly.

PhonePe promotes a merit‑based, inclusive environment where employees are encouraged to take ownership and innovate. The company offers clear growth pathways, regular learning sessions, and a balanced work‑life rhythm supported by wellness programs and flexible policies.

B.Tech/BE (any engineering branch) from Tier‑I or Tier‑II colleges, minimum 60% aggregate or CGPA 6.5/10, no active backlogs, strong foundation in SQL, Python, and MS Excel, familiarity with statistical modelling (Decision Trees, XGBoost) preferred, excellent communication and analytical skills, ability to work in a collaborative, fast‑paced environment.

Round 1: Online assessment (aptitude + coding) → Round 2: Technical interview (risk modelling, SQL/Python) → Round 3: Managerial interview (scenario based, stakeholder handling) → Round 4: HR round (culture fit, compensation discussion)

PhonePe Limited is one of India’s leading digital payments platforms, founded in 2015 and headquartered in Bangalore. With over 60 crore registered users and a merchant network that spans more than 40 million outlets, PhonePe processes more than 33 crore transactions daily, handling an annualized total payment value exceeding INR 150 lakh crore. The company’s ecosystem goes beyond payments, offering a suite of financial products such as insurance, lending, and wealth management, as well as consumer tech services like Pincode (hyper‑local e‑commerce) and Indus AppStore (a localized Android app store). PhonePe’s mission is to democratise financial access for every Indian, enabling seamless money flow and service delivery across the country. The Risk Analyst role sits at the heart of PhonePe’s lending business. As a member of the expanding risk strategy team, you will design, develop, and continuously refine risk frameworks that protect the business from fraud and credit loss while supporting aggressive growth targets. You will collaborate with product, data, and engineering teams, translating complex data insights into actionable strategies that safeguard the platform and its users. Key Responsibilities: 1. Build and operationalise risk strategies to mitigate fraud and credit risk for the consumer lending portfolio. 2. Identify, evaluate, and integrate alternative data sources (e.g., behavioural, transactional) to strengthen risk assessments. 3. Develop, validate, and maintain predictive risk models using techniques such as decision trees, XGBoost, and ensemble methods. 4. Conduct deep‑dive data analysis to uncover risk patterns and recommend mitigation actions. 5. Communicate model outcomes, insights, and recommendations clearly to cross‑functional stakeholders and senior leadership. 6. Monitor model performance in production, perform back‑testing, and iterate for continuous improvement. 7. Collaborate with engineering to embed risk scores into real‑time decision engines. 8. Prepare risk dashboards and regular reporting for compliance and business monitoring. 9. Participate in ad‑hoc risk reviews, audits, and regulatory reporting as required. 10. Mentor junior analysts and contribute to knowledge‑sharing sessions within the risk team. Tech Stack: SQL, Python (pandas, scikit‑learn), MS Excel, statistical modelling tools, data visualisation (Tableau/PowerBI), cloud platforms (AWS/GCP) for model deployment. Growth Path: Starting as an Analyst, high performers can progress to Senior Analyst, Risk Manager, and eventually Head of Credit Risk, with exposure to product strategy and leadership. Why Join PhonePe? You will work on high‑impact problems that affect millions of users, gain exposure to cutting‑edge data science techniques, and grow within a fast‑moving, innovation‑driven culture that rewards ownership and results.