Job Description

• Acumen to understand fraud trends & setup detective & preventive controls
• Knowledge of framing & setting up rules to identify suspicious transactions
• Ability to investigate cases and decipher modus operandi
• Understanding of Card Issuance and Acquisition Business
• Knowledge of Risk Rule writing in Visa VRM, MasterCard EMS, NPCI FRM.
• Track for trends through data analysis & work on “early warning signals” and alerts.
• Hands on experience of fraud monitoring system/tools.
• Detection and prevention of fraud thereby reduce the financial losses.
• Monitoring of transactions & alerts for fraud detection and prevention on real time basis.
• Preliminary investigation of fraud cases.
• Analysing Fraud trend and creating, updating rule as per trend.
• Periodical review & suggestion for modification of process/system/tools to fill gaps
• Preparation of Dashboard, MIS & reports to be sent to senior management
• Handling internal as well as external communications.
• Reporting of fraud to VISA/MasterCard/RBI, etc
• Govern and Designing control reports, UAT, Production, Generation, Dissemination & Administration
• Administer risk engine & tools used for implementation of Risk mitigation environment
• Quality Check in terms of completeness of reports generated & On Time delivery of reports.
• Initiative in Digitization & Automation of processes for building system based controls & scale-up.
• Design & drive Application projects and various other projects, including green field projects i.e. new system designing
• Ensure timely updates of regulatory changes and integrate the same in RL process & control reports.
• Review & Maintenance of Policy Procedures for FRM
• Analysis of Periodic Control Reports including Transaction & account conduct alert analysis.
• Conducting periodic Data Analytics to assess the validity/ applicability of scenarios/ thresholds and suggesting suitable modifications wherever required
• Rule & Alerts Management that includes rules clean-up drive, period review of rules and alert to minimize false-positive alerts and improve fraud detection rate
• IPG merchants on-boarding, monitoring and web-crawling