RCU Digital Fraud Team Manager-Ho & Support-Internal Control

Grade: M4/M5

Product Fraud Risk Manager JD: (looking for 2 to start with)

Location: Mumbai / Bangalore

Job Description

• Analyse product notes / process notes and build scenarios for obvious fraud risks as well as edge cases
• Summarise mandatory checks needed post launch
• Summarise monthly post-facto summaries needed post launch in the first 3 months of launch and propose pulling back on relevant cohorts / additional checks
• Liaise with product teams / tech teams / FRM rule writers to integrate with internal Fraud Risk Management tools and Business rule engines
• Analyse gaps in existing products / processes from a fraud risk perspective
• Own risk metrics on products launched and inform rule writers on internal fraud trend-based and compliance / regulations related checks on a regular basis
• Regular documentation of product launches approved, checks proposed, fraud caught, additional diligence recommended, etc
• Keep abreast with industry trends in new product launches, NPCI guidelines, payment solutions, competition benchmarking on processes / transaction limits, etc

Requirements:

• Min 4 years’ experience in Banking / Fintech, ideally with exposure to multiple products
• Good understanding of multiple banking products: Credit Cards, Debit Cards, Digital Channels, Merchant Acquiring, and RBI regulations therein
• Ability to negotiate and liaise with multiple stakeholders and manage discussions independently
• Good summarisation skills for briefs to senior leadership for quick approvals
• Educational background - B.E./ B.Tech/ Statistics / Econometrics mandatory