
Merchant Acquiring Risk Expert
1 day ago
Job Role Summary:
The role of a merchant acquiring risk expert involves examining transactions to detect fraudulent merchants and assessing the validity of submitted documents. A successful candidate will have 3+ years of experience in fraud monitoring, an understanding of merchant acquiring and payment aggregation business models, and proficiency in using spreadsheet software.
- Main Responsibilities:
- Reviewing transactions processed at acquired merchants through multiple channels
- Evaluating merchant behavior and identifying potential risks
- Verifying and validating documents received from merchants in case of escalations or observed fraud patterns
- Communicating with stakeholders across the unit about detected frauds and patterns
- Suggesting new rules for merchant monitoring based on identified patterns
- Staying updated on industry trends and fraud methods to prevent merchant-related scams
- Collaborating with relevant teams for data requirements
- Preparing management information systems (MIS) reports for stakeholders
- Facilitating discussions with stakeholders on new surveillance requirements
Prerequisites:
- At least 3 years of experience in fraud analysis
- A good grasp of merchant acquiring, payment aggregation business, and UPI fraud concepts
- Strong skills in Microsoft Excel for filtering, pivot tables, charts, lookup functions, and other advanced features
- Knowledge of SQL programming is beneficial
- An educational background in engineering, statistics, or econometrics would be advantageous
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