AVP - Transactional Fraud Strategy - BFSI

Essential Functions / Responsibilities:

- Develop and support best-in-class analytic solutions/algorithms for Fraud Prevention Strategy team (Transactional Fraud) in the Credit functions as required

- Identify the key trends associated with fraud using advanced analytics and help the business to deploy necessary strategies to prevent the fraud

- Communicate fraud trends to Fraud Analysis and Strategy manager and senior leadership.

- Utilize internal and external data/tools to perform trend identification and work directly with other fraud team members and business leaders to design compensating controls.

- Drive enhancements to differentiate the core fraud loss mitigation strategies across strategic portfolio segments that leverages the unique aspects of those segments.

- Provide swift actions to combat immediate fraud attacks, and proactively prevent future such attacks.

- Ability to determine reason for decline and research the data and strategy that went into a particular decision. As this role is a primary contact for escalations, the ability to complete this - work accurately and rapidly is essential

- Research and analyze incoming fraud transactions for potential common points of compromise

- Review reporting supplied by 3rd party vendors and analyze for potential company risk/loss

- Compile daily, weekly, monthly, reporting from in depth fraud reporting analysis

- Skimming Process Analysis and Reporting

- React to merchant and processor breaches by running data analysis to determine if account reissues are required

- Ad hoc special projects as required

- Required to handle sensitive/non-public information

- Understanding and adhering to compliance requirement in performing all job functions

- Perform other duties and/or special projects as assigned

Qualifications / Requirements:

- Bachelor's degree and minimum 4 years' experience in retail, business or private label credit; or in lieu of a degree 6 years' experience in retail, business or private label credit

- Minimum 1+ years of Fraud experience

- Minimum 1 year of experience in Authorization Strategy or Fraud Strategy Development or Implementation

- Demonstrated expert proficiency with SAS and/or SQL programming especially data extractions and ensuring data quality

- Expert level proficiency with Excel - Shift Timing - 2:00pm - 11:00pm IST

Desired Qualifications:

- Degree in Economics, Finance, Mathematics, Business, or Statistics strongly preferred.

- Master's Degree desired - Minimum 2 years of experience with operational and regulatory risk, and governance

- Superb communication skills and experience with interacting successfully at all levels within the RCF organization. - Ability to multitask and perform in a fast paced environment

- Demonstrated problem solving and critical thinking skills.

- International fraud/consumer finance experience a plus.

- Experience with CDCI, RAMS, PDR and CLBP2 database a plus

- Proven ability to work with data sources, data warehouses and database tools.

- Proven ability to successfully manage and implement projects on time & on budget.

- Proven ability to communicate with all levels of employees, management and clients