Fraud Risk Management Manager

SBI Payment Services Pvt. Ltd.; Gurugram District; On-site; INR 1,200,000 - 2,100,000; Full time

Job summary

SBI Card is seeking a Manager - Screening (EDD) to lead a team of Fraud SME Analysts, identify fraudulent applications or transactions, and minimize losses while preserving customer experience.

The role focuses on monitoring, alert reviews, SOP improvements, and collaboration with Credit, Operations, CS, merchants, and LEAs to curb fraud and ensure compliance.

Qualifications

• Core domain expertise in fraud risk management, underwriting and transaction monitoring.
• Experience with fraud patterns and SOP improvements.
• Knowledge of regulatory guidelines and KYC compliance.

Responsibilities

• Lead the team of fraud SME analysts to identify fraudulent application/transaction patterns across attributes.
• Ensure comprehensive alert review by leveraging profile attributes, data sources, and validation sources to identify anomalies.
• Analyze Fraud Modus Operandi & decisioning patterns to feed learnings for SOP improvement.
• Perform RCA of identified/prevented frauds and share learnings with the team to unearth fraud networks.
• Conduct weekly sample audits of fraud analyst decisioning to ensure SOP adherence and policy compliance.
• Liaise with internal stakeholders (Credit, Operations, CS) and external stakeholders (Merchants, Acquirers, Payment gateways, LEAs) to highlight fraud trends and take action.
• Monitor fraud trends and train people for process improvements; ensure regulatory compliance on KYC and fraud reversals.

Skills

Fraud risk mgmt

Transaction monitoring

Analytical ability

Problem solving

Process orientation

Education

Graduate degree

Job description

Manager - Screening (EDD)

About the company SBI Card is a leading pure-play credit card issuer in India, offering a wide range of credit cards to cater to diverse customer needs.

We are constantly innovating to meet the evolving financial needs of our customers, empowering them with digital currency for seamless payment experience and indulge in rewarding benefits.

At SBI Card, the motto 'Make Life Simple' inspires every initiative, ensuring that customer convenience is at the forefront of all that we do.

We are committed to building an environment where people can thrive and create a better future for everyone.

SBI Card is proud to be an equal opportunity & inclusive employer and welcome employees without any discrimination on the grounds of race, colour, gender, religion, creed, disability, sexual orientation, gender identity, marital status, caste etc.

SBI Card is committed to fostering an inclusive and diverse workplace where all employees are treated equally with dignity and respect which makes it a promising place to work.

Join us to shape the future of digital payment in India and unlock your full potential.

What’s in it for YOU

SBI Card truly lives by the work-life balance philosophy.

We offer a robust wellness and wellbeing program to support mental and physical health of our employees

Admirable work deserves to be rewarded.

We have a well curated bouquet of rewards and recognition program for the employees

Dynamic, Inclusive and Diverse team culture

Gender Neutral Policy

Inclusive Health Benefits for all - Medical Insurance, Personal Accidental, Group Term Life Insurance and Annual Health Checkup, Dental and OPD benefits

Commitment to the overall development of an employee through comprehensive learning & development framework

Role Purpose

To lead the team of Fraud SME Analysts to identify fraudulent Application / Transactions and minimize fraud losses, with best levels of customer experience.

Role Accountability

Application Fraud / Transaction Fraud Monitoring & Decisioning: Lead the team of fraud SME analysts to identify fraudulent application/transaction patterns across various attributes

Ensure comprehensive alert review by the team by leveraging all available profile attributes, alternate sources of data, -ve databases, past patterns, and available online validation sources to identify anomalies and prevent fraudulent activity

Analyze Fraud Modus Operandi & decisioning patterns to feed learnings for SOP improvement/updation

Perform RCA of the identified/prevented frauds and share the same with the sampling/investigation team to unearth fraud syndicates in the market

Conduct weekly sample audits of fraud analyst decisioning to drive adherence to SOPs & customer contact policies

Stakeholder Liaisoning and Process Improvement: Liaison with internal stakeholders (Credit, Operations, CS) and external stakeholders (Merchants, Acquirers, Payment gateways, LEAs) to highlight fraud trends and take up hold / reverse disputed funds

Monitor fraud trends and feedback the learnings/observations into the system and train people for process improvements

Regulatory Adherence & KYC Compliance: Ensure adherence to regulatory compliance on KYC, transaction monitoring and fraud transaction reversals

Coach the team on regulatory guidelines and ongoing changes in the compliance framework

Measures of Success

Productivity (No. of cases decisioned in a day) as per MOU, Fraud Decisioning Accuracy, TAT, Team VIC Penetration Fraud Catch & False Positives Completion of Critical Projects on Digitization & Automation as per agreed objectives 100% coverage on process training and certification for the team Process Adherence as per MOU

Technical Skills / Experience / Certifications

Core domain expertise in fraud risk management, underwriting and transaction monitoring

Good industry connect & visibility on Industry forums to learn industry best practices & updates

Competencies critical to the role

Conflict Management Analytical Ability and Problem Solving Process Orientation Quality Orientation

Qualification

Graduate in any discipline from a reputed and recognized institute / University.

Preferred Industry

Banking / Financial Services /Consulting/Fraud Strategy/Ecommerce

Experience Level

Mid Level