Card Payments Product Manager (Issuing Risk Control Direction)

BIT Official; Singapore; On-site; SGD 110,000 - 170,000; Full time

Job summary

BIT is seeking an experienced product leader to own the card issuing risk control architecture in a fast-growing digital asset financial services group. You will design real-time authorization interception, dynamic limit systems, and post-transaction monitoring to reduce fraud while sustaining payment acceptance.

You will collaborate with risk operations, compliance, data analytics, and engineering to drive scalable risk solutions within a governance framework.

Qualifications

• 3+ years of experience in payment risk control, card issuing systems, or digital banking product management.
• Experience designing card issuing risk control / real-time interception / limit management / loss prevention.
• Understanding of crypto basics; crypto cards or Web3 payments a plus.

Responsibilities

• Lead the card-issuing risk control product architecture and end-to-end platform development.
• Optimize rules to reduce false positives while maintaining payment approvals.
• Build post-transaction monitoring, review workflows, and loss-prevention tools.
• Design tiered controls, 3DS strategies, and risk protection for different user tiers.
• Collaborate with risk operations to improve alert routing and case handling.
• Interface with card networks and BIN sponsors to ensure regulatory compliance and stability of decision engines.
• Explore AI and ML to improve detection accuracy and reduce manual costs.

Skills

Card issuing risk control

Real-time authorization

Fraud detection

SQL & data analysis

Cross-functional collaboration

Regulatory compliance

Education

Bachelor's degree or above

Tools

SQL

Job description

BIT (formerly Matrixport) is a global digital asset financial services and infrastructure group. Headquartered in Singapore and founded in 2019, BIT bridges traditional finance and digital assets through governance-driven financial services and technology.

The firm manages over US$7 billion in assets and facilitates more than US$7 billion in monthly trading volume. BIT offers services including custody, trading, asset and wealth management, liquidity and financing solutions, and tokenised real-world assets (RWA), serving institutional and professional investors globally.

BIT Group entities maintain a licensed and regulated footprint across Singapore, Hong Kong, Switzerland, the United Kingdom, the United States and Bhutan.

For more information, visit www.bit.com

About the Role:

Responsibilities

• Lead the card-issuing risk control product architecture: Own the full lifecycle of the card issuing payment risk control product, building an end-to-end risk platform encompassing real-time authorization interception rules, static/dynamic limit systems, and abnormal transaction alerting mechanisms.
• Optimize rules and reduce false-positive rates: Continuously refine risk engine rules and threshold configurations to improve fraud detection quality while significantly reducing false-positive (false-decline) rates, balancing risk control red lines against payment approval rates.
• Build post-transaction monitoring and loss-prevention tools: Establish scalable post-transaction monitoring and manual review workflows; design authorization holds, offline force-debit protection, and settlement-cycle FX slippage prevention mechanisms.
• Design tiered and scenario-based controls: Tailor differentiated limit controls, 3DS verification strategies, and risk protection mechanisms for different user tiers, card types, and suspicious payment scenarios.
• Collaborate on risk operations and case efficiency: Work closely with the risk operations team to optimize alert routing, case management, and review/unblocking workflows, improving investigation and processing efficiency.
• Interface with card networks and BIN sponsors on compliance: Partner with data and engineering teams to ensure the stability of millisecond-level decision engines, ensuring the card portfolio's fraud rate complies with Visa/Mastercard and BIN Sponsor compliance and regulatory requirements.
• Enable AI and advanced analytics: Explore and apply AI and machine learning models to improve detection accuracy for complex fraud rings and anomalous transactions, reducing manual operational costs.

Requirements

Basic Qualifications

• Bachelor's degree or above, with 3+ years of experience in payment risk control, card issuing systems, or digital banking product management.
• Experience in product design related to card issuing risk control / real-time authorization interception / limit management / loss prevention (strongly relevant experience preferred).
• Understanding of the fundamentals of how crypto operates; experience with crypto cards or Web3 payments is a plus.

Professional Skills

• 3+ years of experience as a product manager in payment risk control, card issuing systems, or digital banking, with experience building issuing-side real-time authorization interception, transaction monitoring, or anti-fraud systems.
• Ability to plan and configure risk detection logic, static/dynamic limit matrices, frequency rules, identity verification strategies, and risk thresholds.
• Strong data-driven mindset, proficient with SQL and data analysis tools to investigate anomalous transaction signals, evaluate rule performance, and optimize false-positive rates.
• Excellent cross-functional communication skills, able to collaborate effectively with risk operations, compliance, data analytics, and engineering teams to drive complex projects to completion.
• Experience building automated, scalable risk control systems within a strict risk and compliance environment, with the ability to balance interception rates, operational processing efficiency, and user payment experience.

Nice to Have

• Experience building card issuing systems or integrating with third-party CaaS (Card-as-a-Service) providers.
• Experience building crypto cards or crypto on/off-ramp solutions.
• Experience building a card issuing risk control engine or risk case management system from 0 to 1.
• Familiarity with early chargeback-prevention networks such as Ethoca / Verifi, and card network dispute/chargeback handling processes.

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