Risk Manager-Credit CARD-Risk

12 hours ago

Mumbai, India Kotak Life Insurance Full time

About The Role  

This is a Public document.
About The Role for a Credit Card Transaction Monitoring Manager
Reports toCREDIT CARD POLICY HEAD
LocationMUMBAI
Job Summary:
We are seeking an experienced Credit Card Transaction Monitoring individual (M5-AVP) to join our Credit Risk Management team. The successful candidate will be responsible for monitoring credit card transactions data, identifying potential fraud or high risk transactions with higher bad rates, and implementing rules to prevent such transactions and reduce future financial losses coming from them. This role requires a blend of analytical skills, attention to detail, and knowledge of fraud detection technologies and methodologies.
The ideal candidate will have experience in data analysis, risk analytics, and fraud prevention. They should be proficient in SAS, SQL, and Python for data querying and analysis, and have a strong understanding of fraud risk management in the financial services industry
Key Responsibilities:
- Monitoring TransactionsResponsible for overseeing credit card transactions to detect and prevent fraudulent activities, high risk transactions on various MCC"s such as rental, wallets, fuels etc. this includes analysing transaction patterns and identifying any suspicious behaviour.
- Rule CreationPart of the job would involve creating and implementing rules within the FALCON system to help identify and stop such transactions. Test and refine rules to ensure accuracy and effectiveness. This requires a deep understanding of fraud trends and the ability to translate this knowledge into effective fraud prevention strategies.
- Identifying customers who are making non retail transactions and using credit card funds for other than specified retail purposes and building rules to stop or reduce transactions on them by blocking those MID"s, initiating blocking of credit card accounts and credit limit reduction.
- Using FICO Falcon Fraud ManagerYou would likely be using FICO"s Falcon Fraud Manager, which is a leading solution for real-time transaction protection across various channels.
- CollaborationThe role may require collaboration with business and financial users to define, test, and deploy these rules based on the organization"s requirements and strategies
- Creating and maintaining reports for tracking fraud trends and the performance of fraud prevention strategies.
- Querying operational databases and data warehouses using SQL and other tools to extract data for analysis.
- Staying up-to-date on current fraud best practices and emerging threats.
This is a Public document.
Requirements:
- 5+ years of experience in credit card transaction monitoring or related field
- 2+ years of experience in a mid-leadership role.
- Strong knowledge of Falcon or similar fraud detection systems
- Excellent analytical and problem-solving skills
- Effective communication and leadership skills
- Ability to work in a fast-paced environment
- Experience with machine learning or data science
- Certification in fraud prevention or related field will be an added advantage

  • Risk Manager-Credit CARD-Risk

    2 weeks ago

    Mumbai, Maharashtra, India Kotak Life Insurance Full time ₹ 1,04,000 - ₹ 1,30,878 per year

    About The Role   This is a Public document.About The Role for a Credit Card Transaction Monitoring ManagerReports toCREDIT CARD POLICY HEADLocationMUMBAIJob Summary:We are seeking an experienced Credit Card Transaction Monitoring individual (M5-AVP) to join our Credit Risk Management team. The successful candidate will be responsible for monitoring credit...

  • Credit Risk Model Governance

    2 weeks ago

    Mumbai, Maharashtra, India Risk Inn Full time US$ 80,000 - US$ 1,20,000 per year

    Apply Now:Join a top-tier firm and contribute to high-impact projects in a rapidly evolving risk and analytics landscape. Please Read the Job Description and apply if you fulfil the criteria. Click this link to submit your application after reviewing the details below: We are currently supporting our client in India, a leadingRisk Analytics and Consulting...

  • Credit Risk Model Governance

    10 hours ago

    Mumbai, India Risk Inn Full time

    Apply Now:Join a top-tier firm and contribute to high-impact projects in a rapidly evolving risk and analytics landscape. Please Read the Job Description and apply if you fulfil the criteria. Click this link to submit your application after reviewing the details below: We are currently supporting our client in India, a leadingRisk Analytics and Consulting...

  • Team Member

    3 days ago

    Mumbai, India Kotak Mahindra Bank Limited Full time

    Job Description This is a great opportunity to be part of a dynamic team that manages risks for Kotak Mahindra Bank's credit card customers. You will be working in a fast-paced and challenging environment and will be responsible for managing and mitigating risks for the bank.

  • Avp - Credit Card Risk Policy

    2 weeks ago

    Nariman Point, Mumbai, Maharashtra, India Vedita Ventures Full time

    **JOB DESCRIPTION** **Business Function**: Risk Management Group works closely with our business partners to manage the bank’s risk exposure by balancing its objective to maximize returns against an acceptable risk profile. We partner with origination teams to provide financing, investments and hedging opportunities to our customers. To manage risk...

  • Risk Manager

    2 weeks ago

    Mumbai, Maharashtra, India beBeeCredit Full time ₹ 1,80,00,000 - ₹ 2,50,00,000

    Key Account Manager - Credit PortfolioAs a Key Account Manager for our Retail Assets division, you will play a crucial role in shaping the future of our credit portfolio. Your primary responsibility will be to develop and implement policies that optimize acquisition quality, early delinquency management, and cards portfolio management.Key...

  • Credit Risk

    10 minutes ago

    Mumbai, India Kelly Services Internal Full time

    **Credit Risk Associate** **Exp** **-** *** **8 to 13** **yrs** **Location - Mumbai** ICG Risk Analysis (IRAUs) is an integral part of the Institutional Credit Management (“ICM”) organization. The IRAU’s mandate is to deliver best-in-class credit risk analysis, monitoring and credit administration as a partner to ICG Risk and Banking, Capital...

  • Credit Risk Analytics

    2 weeks ago

    Mumbai, Maharashtra, India Citi Full time US$ 1,00,000 - US$ 1,50,000 per year

    Role Outline :Enhance and improve the Risk policies using statistical techniques to optimize business growth and profits by minimizing the lossesSupport tactical and strategic Risk Analytics projects for Citi's Branded Cards Proprietary Cards Risk Management group in the US.Develop and manage implementation of effective risk management strategies that help...

  • Risk Management – Credit Risk Infrastructure

    4 days ago

    Mumbai, Maharashtra, India Nomura Full time

    Nomura Overview:Nomura is a global financial services group with an integrated network spanning approximately 30 countries and regions. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Wealth Management, Investment Management, and Wholesale (Global...

  • Risk Management – Credit Risk Infrastructure

    2 weeks ago

    Mumbai, Maharashtra, India Nomura Full time

    Nomura Overview:Nomura is a global financial services group with an integrated network spanning approximately 30 countries and regions. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Wealth Management, Investment Management, and Wholesale (Global...