Head - Credit & Risk - Merchant Payment Space

Role: Head - Credit & Risk

Location: Mumbai

Company:

The company is a leading player in 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 the small and local merchants across the country. It has already tied up with 150,000 merchants and is increasing its penetration massively. Its innovative Digital EMI offering has been enthusiastically accepted by the customers and has helped retail stores increase footfalls and sales. The company has ventured into lending domain where there is huge potential to cater to needs of a highly unserved market. The company is on a very ambitious growth path.

Job Responsibilities:

- Responsible for Risk Management function for merchant acquiring, Ecom (ISO, TPP, Market Place etc) and issuing of Prepaid Payment Instruments

- Formulation and review of Risk Policies for merchant Onboarding and Transaction monitoring for acquiring products like PoS, Mobile PoS, Payment Gateway, QR

- Managing risk for E-commerce merchants during onboarding with appropriate mitigation

- Monitoring of charge backs and ensuring minimum chargeback and fraud losses to the company

- Compliance with Card Network rules related to risk

- Review and implementation of rules for the monitoring of transactions and managing the transaction hold and release processes

- Ensuring prompt communication of hold to merchants and managing minimum false positives

- Periodic risk review of merchant portfolio based on merchant category, location, etc.

- Compliance with regulatory guidelines related to KYC, STR filing, audits

- Risk monitoring of Prepaid Payment Instrument products and regulatory compliances

- Risk management of digital lending products

- Manage risk related activities for integration of BIN sponsorship with Banks

- Manage implementation and compliance to ISO certification

- Implementation of Risk monitoring tool to manage domestic and international transactions

- Manage risk for onboarding and transaction monitoring for acquiring in International markets like SEA and Middle East

Desired Profile:

Workex: 12 to 15 years from a Fintech Company handling a similar responsibility

Compensation: The company believes in hiring the top class talent. The compensation will be best in class.

Keywords: Risk Management, Compliance, Risk Monitoring, Transaction Monitoring, Payments, Regulatory Compliance