Deputy Manager Risk Management DA

One97 Communications Limited; Dadri; On-site; INR 1,500,000 - 2,500,000; Full time

Job summary

A leading financial services company in India is seeking a Manager in Fraud Analytics to enhance fraud detection across payment platforms. The ideal candidate will possess strong analytical skills and experience in fraud analytics, with a focus on developing detection models and ensuring compliance with regulations. The role offers a chance to be part of India's largest digital lending story.

Qualifications

• 4-8 years of experience in fraud analytics, risk management or related role within fintech or payments.
• Strong understanding of fraud detection techniques, including rule-based systems.
• Experience with fraud detection tools and data analytics platforms.

Responsibilities

• Develop and refine fraud detection models to prevent fraud risks.
• Monitor transaction data for suspicious activity and escalate concerns.
• Collaborate with teams to ensure risk mitigation strategies align with business objectives.

Skills

Fraud detection techniques

Data analytics skills

Analytical and problem-solving skills

Communication skills

Education

Bachelor’s degree in Data Analytics, Statistics, or related field

Tools

Fraud detection tools

Transaction monitoring systems

Job description

4 weeks ago Be among the first 25 applicants

Department: Operations & Support Risk Operations-Offline Payments

Employment Type: Full-time Employment

About Paytm

Paytm is India's leading mobile payments and financial services distribution company. Pioneer of the mobile QR payments revolution in India, Paytm builds technologies that help small businesses with payments and commerce. Paytm’s mission is to serve half a billion Indians and bring them to the mainstream economy with the help of technology.

About the team

This team involves in making a difference. A lot of contingency and new challenges are encouraged within the team to do stuff that is meaningful for those we serve. We are successful, and our successes are rooted in our people's collective energy and unwavering focus on the employees, and that's how it will always be change management in Social Media.

If you are the right fit, we believe in creating wealth for you with enviable 500 mn+ registered users, 21 mn+ merchants, and depth of data in our ecosystem, we are in a unique position to democratize credit for deserving consumers & merchants – and we are committed to it. India’s largest digital lending story is brewing here. It’s your opportunity to be a part of the story!

About the Role

As a Manager in Fraud Analytics, you will play a key role in monitoring, analyzing, and preventing fraudulent activities across our payment platforms. Reporting to the Senior Manager Fraud Analytics, you will be responsible for building and maintaining fraud detection models, configuring rules, and supporting control-related projects. You will also collaborate with other teams such as Risk ops, Product, and Engineering to ensure that the organizations risk controls are both effective and scalable.

Key Responsibilities

• Develop and refine fraud detection models, leveraging both rule-based and data-driven approaches to prevent and mitigate fraud risks.
• Monitor real-time transaction data for suspicious activity, escalating concerns and providing recommendations for corrective action.
• Assist in the configuration of fraud detection rules within the transaction monitoring system, ensuring accuracy and minimal false positives.
• Analyze fraud trends and transaction patterns to proactively address potential vulnerabilities and.
• Collaborate with cross-functional teams, including Risk, Compliance, and Product, to ensure fraud risk mitigation strategies are aligned with business objectives.
• Support fraud-related control projects, from planning through to execution, ensuring compliance with RBI regulations and internal risk frameworks.
• Assist in preparing fraud risk reports for senior management, outlining key insights, emerging trends, and actionable recommendations.
• Work closely with the Senior Manager to ensure regulatory requirements are met, including adherence to RBI and other regulatory standards.
• Continuously improve fraud monitoring tools and techniques, suggesting enhancements to improve fraud detection accuracy and efficiency.
• Participate in regulatory audits and assist in responding to fraud-related queries from authorities.

Qualifications

• A bachelor’s degree in Data Analytics, Statistics, Risk Management, or a related field is preferred.
• 4-8 years of experience in fraud analytics, risk management, or a related role within the fintech or payments industry.
• Strong understanding of fraud detection techniques, including rule-based systems and data analytics platforms.
• Experience with fraud detection tools, transaction monitoring systems, and data analytics platforms.
• Familiarity with RBI guidelines and other regulatory frameworks governing payment companies in India.
• Strong analytical and problem-solving skills, with the ability to identify trends and make data-driven decisions.
• Excellent communication skills, with the ability to present insights and findings clearly to both technical and non-technical audiences.
• Experience working in a high-volume transaction environment, such as a payments gateway, mobile wallet, or UPI system.

Preferred Skills

• Knowledge of machine learning models for fraud detection.
• Experience working with fraud detection systems in the fintech space, especially in a licensed TPAP setup.
• Familiarity with compliance and audit requirements in a regulated financial environment.

Why Join Us

We aim at bringing half a billion Indians into the mainstream economy, and everyone working here is striving to achieve that goal. Our success is rooted in our peoples collective energy and unwavering focus on the customers, and thats how it will always be. We are the largest merchant acquirer in India.

Compensation

If you are the right fit, we believe in creating wealth for you. With enviable 500 mn registered users, 21 mn merchants, and depth of data in our ecosystem, we are in a unique position to democratize credit for deserving consumers & merchants and we are committed to it. India’s largest digital lending story is brewing here. It’s your opportunity to be a part of the story!

Seniority level

• Mid-Senior level

Employment type

• Full-time

Job function

• Finance and Sales
• Industries: Technology, Information and Internet

Why Paytm: Referrals increase your chances of interviewing at Paytm by 2x. Get notified about new Manager Risk Management jobs in Noida, Uttar Pradesh, India.