AVP - Risk/Prepaid Issuance Instrument

AVP Risk ( Prepaid Issuance)

Role: AVP Risk ( Prepaid Issuance)

10 to 15 years of experience in Prepaid Issuance Risk management as a senior resource in Banks/NBFCs.

Location: Noida, Mumbai, Bangalore

Experience:12-15Years

Budget: Max 50LPA

Company:

The company is a leading player in the Merchant Payment space throughout the country. The company is focused on creating a product and services platform that helps local merchants widen their access, improve commerce and increase automation. The company is playing an active part in the digitization wave that is engulfing small and local merchants across the country. It has 550,000 merchant network points across 3700 cities and is increasing its penetration massively. The company is constantly innovating in order to enable small merchants to benefit from digitization. Its investors include the most prominent global names. The company is on a very ambitious growth path.

Role overview:

- The person will be leading the company's Prepaid issuance business Risk unit which will provide independent oversight to the business in relation to key operational, financial, regulatory, or reputational risks. This function is ideally positioned to ensure that Issuance business establishes and maintains appropriate policies, procedures, and processes to comply with applicable laws and regulations. Risk also plays a crucial role in assisting the business to understand regulatory requirements, apply best practices and build strong and transparent regulatory relationships.

- Responsible for the management and monitoring of Operational, and financial risk. Partner with the business to proactively manage risk and maintain an effective and efficient control environment over financial risks, with a particular focus on financial reporting risk and

- Internal controls over financial reporting.

- Designing and implementing an overall risk management process for the organization, which includes an analysis of the financial impact on the company when risks occur.

- Performing a risk assessment: Analysing current risks and identifying potential risks that are affecting the company.

- Performing a risk evaluation: Evaluating the company's previous handling of risks, and comparing potential risks with criteria set out by the company.

- Risk reporting to the Management committee;

- Creating business continuity plans to limit risks.

- Conducting policy and compliance audits, which will include liaising with internal and external auditors.

- Reviewing any new major contracts or internal business proposals.

- Work closely with various product teams and business process owners company's Internal Audit team, and External Auditors to manage Financial/regulatory risk by facilitating an effective and efficient control environment.

- Provide training and certification for organization staff so that they can be aware of risks and try to avoid them.

Preferred Qualifications:

- 10 to 15 years of experience in Prepaid Issuance Risk management as a senior resource in Banks/NBFCs.

- Possess accountability for optimizing the self-publishing process to achieve operational goals

- Possess strong knowledge in AML and KYC.

- The candidate should have worked with Visa, MasterCard, and Rupay issuance products and their product compliances.

- Experience using SQL, MS Excel, and other Analytical tools

- Comfortable handling a high volume of work on a daily basis

- Strong interpersonal skills and the ability to effectively communicate, both written and verbally.

- Strong technical and analytical aptitude, including some knowledge of statistics

- Proficiency with Lean and Six Sigma tools

- Must be able to think creatively and possess strong analytical and problem-solving skills.

- You will work closely with the Bank and network product/risk teams to drive the organization's processes and policies as per the guidelines

Key Performance Indicators:

- You will work with data to understand patterns and anti-patterns to determine risk activity ranging from fraud, AML, identity theft, KYC, and non-compliant activity per RBI and company policies.

- You are responsible for defining, developing, and communicating key metrics that need to be monitored, to infer risky activity with respect to businesses, categories, products, merchants, etc.

- You model data and quantitatively analyze that translates data into actionable insights and can contribute to decision-making with your stakeholders, keeping company principles and customer interest as sacrosanct.

- Conduct Quality Checks and Audits.

- Create, redefine and approve Standard Operational Procedures (SOP)

- Serve as a role model by displaying good judgment, a positive work ethic, strong interpersonal skills, adherence to company policies, and a commitment to excellent customer service.