MobiKwik - Senior Manager - Fraud Risk & AML

Job Description

About MobiKwik- We are a Fintech company. One of the largest mobile wallets and Buy Now Pay Later (BNPL) players in India. We are focused toward empowering 101M+ users with Financial Independence. Founded in 2009 by Bipin Preet Singh and Upasana Taku, we commenced operations as a mobile wallet to make digital payments convenient for our users. Our use cases have since expanded to include bill payments, ecommerce shopping, food delivery, petrol pumps, large retail chains, pharmacies, kirana stores, etc. Our platform also enables peer-to-peer payments via unified payment interface (UPI), MobiKwik Wallet as well as MobiKwik Wallet to bank payments. Over the years we have amassed over 101 million Registered Users and more than 3 million ecommerce, physical retail and biller partners.In May 2019, we launched MobiKwik Zip, our flagship BNPL product, with a focus on the Indian middle-class population to enable them to make payments for daily life use cases. MobiKwik Zip is focused on providing this underserved Indian population their first experience of credit. We are a technology-first company leveraging big data analytics and deep data science (including machine learning) to continuously delight users and merchants on our platform. Our mission is to build a world class payments and credit product for Bharat!Summary of Role-An integral part of Risk team, Sr Manager- Fraud and AML Risk will be responsible for leading the team that ensures safeguarding of transactions in the payment systems. This role is cut out for an individual who loves to find and fix gaps. Automation of processes is the focus for someone who takes this role up and the KRAs will be defined around it. This is an exciting role with the opportunity to implement big ideas and have a real impact on the customer experience. He/she will report to the Head of Risk. What Youll Do :- Lead & improve risk & control management for risk through all transactions related stripes, particularly operational, regulatory, AML/ sanctions risk for MobiKwik as a PPI and Zaakpay PG.- Maintain front-to-back line-of-sight on risks and controls across all business products, processes and systems- Pro- actively identify, manage & reduce risks through the Risk & Control tools such as Managers Control Assessment (MCA) processes, Key Risk Indicators/ dashboards (KRI/ KPIs), Corrective Action Plans (CAPs) and / Write-off deep dives- Facilitate the implementation of Regulatory requirements, policies and procedures including change management implementation- Manage and coordinate internal audit and regulatory exams and implement processes to improve issues self-identification by the business- Run transaction monitoring at PPI and PG level with focus on automation and bringing tools for highest accuracy in fraud prevention. - Minimizing false positives for transaction monitoring- Run effective AML risk controls for customers and merchants alike- Monitor merchant transactions and chargeback ratios- Identify fraud trends in payment business and quickly mitigate the risk by building monitoring rules- Leverage robust transaction monitoring systems based on ML to contain fraud and money laundering risk.- Lead a team that frontlines communication with regulatory bodies, banks and LEAs maintaining quick turn-around time and efficient speed in execution of action.Who You Are-- Minimum 8 to 12 years in the Financial Services industry in Risk and Complaince roles- Deep knowledge of fraud risk, operations and relevant technology- Experience and knowledge of Risk stripes with focus on operational, regulatory and AML/ sanctions- Strong data driven decision making abilities.- Strong relationship skills to manage external and internal stakeholders- Strong analytical skills to identify and prioritize key risks and recommend adequate corrective actions- Strong interpersonal skills and the ability to push back as subject matter expert.- Strong attention to detail.- An ability to lead the risk and compliance team by example- Methodical, thorough and attentive to detail- Report writing and presentation skills- A strategic thinker who prioritises workload- Demonstrates the highest level of integrity in all matters- Clear verbal and written communication skills.If you are confident about 90% of aforementioned being a match to how you identify yourself professionally, coffee is on the house.,

Keyskills :
strong analytical skillsaccountancybig data analyticsbig datafinance