Description :

Job Title: Fraud Risk Compliance Manager
Location: Mumbai

Experience: 5 Years
Job Type: Full-time

Key Responsibilities:
Merchant Onboarding Analysis:
Conduct thorough due diligence on new merchants to identify potential fraud risks.
Review and verify merchant documentation, business models, and creditworthiness.
Implement and refine onboarding procedures to enhance fraud detection and prevention.

Transaction Monitoring:
Develop and maintain transaction monitoring systems to detect suspicious activities.
Analyze transaction patterns and behaviors to identify potential fraud.
Investigate flagged transactions and take appropriate action, including reporting and escalating issues as necessary.

Risk Assessment and Management:
Perform regular risk assessments to identify vulnerabilities in merchant onboarding and transaction processes.
Develop and implement fraud prevention strategies and controls.
Monitor the effectiveness of fraud prevention measures and make adjustments as needed.

Compliance and Regulatory Adherence:
Ensure compliance with all relevant regulations, including those set by the Reserve Bank of India (RBI) and other regulatory bodies.
Stay updated with changes in laws and regulations affecting fraud risk management.
Prepare and submit reports to regulatory authorities as required.

Collaboration and Training:
Work closely with the IT, Legal, and Operations teams to enhance fraud detection systems.
Provide training and guidance to staff on fraud detection and compliance best practices.
Coordinate with external partners and stakeholders to stay abreast of industry trends and threats.

Reporting and Documentation:
Maintain comprehensive records of fraud investigations, including findings and actions taken.
Prepare regular reports for senior management on fraud risks and mitigation efforts.
Develop and update policies and procedures related to fraud risk management.