Vice President - Fraud Risk - FinTech

Job Description : We are seeking a highly experienced and motivated individual specialized in Payments to join our team. The ideal candidate will bring 12-15 years of extensive experience in fraud risk management, particularly in the realm of payments wallets. This individual will lead our efforts in developing and implementing strategies to mitigate risk, safeguard financial assets, and ensure compliance with regulatory requirements within the payments domain.

Client Details : Or client is one of India's pioneering Rural Fintech company empowering merchants/nanopreneurs in tier-2/3 cities and villages with a grand domestic presence.

Description :

1. Develop and execute comprehensive risk management strategies tailored to the payments landscape, with a specific focus on wallets like UPI.

2. Lead a team of risk management professionals, providing guidance, mentorship, and support to achieve departmental objectives.

3. Analyze industry trends, emerging threats, and regulatory changes to proactively identify potential risks and develop appropriate mitigation strategies.

4. Collaborate cross-functionally with product, technology, compliance, and legal teams to integrate risk management processes into product development and operational procedures.

5. Establish key risk indicators (KRIs), monitor performance against established metrics, and provide regular reports to senior leadership on the status of risk exposure and mitigation efforts.

6. Oversee the development and implementation of fraud detection and prevention mechanisms, leveraging advanced analytics, machine learning, and artificial intelligence technologies.

7. Conduct periodic reviews and assessments of existing risk management frameworks, policies, and procedures, recommending enhancements as needed to ensure effectiveness and alignment with best practices.

8. Act as a subject matter expert on payments risk management, representing the company in industry forums, regulatory discussions, and partnership negotiations.

Profile :

1. Bachelor's degree in business, finance, economics, or a related field; advanced degree (e.g., MBA) preferred.

2. 12-15 years of progressive experience in risk management, with a focus on fraud risk within the payments industry.

3. In-depth knowledge of payments ecosystems, including wallets, mobile payments, and digital banking platforms, with specific experience in UPI and similar technologies.

4. Demonstrated leadership skills with a track record of effectively managing teams and driving results in a fast-paced, dynamic environment.

5. Strong analytical skills with the ability to interpret complex data sets, identify patterns, and draw actionable insights to inform decision-making.

6. Excellent communication and interpersonal skills, with the ability to influence stakeholders at all levels of the organization and external partners.

7. Proven ability to navigate regulatory requirements and compliance standards relevant to the payments industry.

8. Certifications such as Certified Fraud Examiner (CFE) or Certified Risk Manager (CRM) are a plus

Job Offer :

Our client is an equal opportunity employer and is committed to diversity in the workplace.

To apply online please click the 'Apply' button below. For a confidential discussion about this role please contact Meenakshi Pandey at +91 124 452 5462.

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