Assistant Manager - Risk Containment Unit

Job Purpose


To manage and optimize the risk and Fraud management process for payments business of Bajaj Finance Limited, covering full lifecycle from Onboarding Risk to transactions/ lifecycle risk management. The role is responsible for investigation, analysis, actioning and reporting of merchants for mitigation of risk,.


Duties and Responsibilities


Completely own the risk and fraud management function for Payments business of Bajaj Finance Limited for Acquiring QR business
Acquiring QR risk management through Onboarding checks, Transaction Monitoring and Portfolio monitoring
Daily review of risk triggered cases basis transaction pattern, business data verification and calling for early identification
Update system for action taken basis review
Prepare daily/weekly/monthly reports on trends, thresholds and efficiency
Maintain close coordination with business, operations, data team for review of existing processes/ data points and to use them from mitigating fraud risk by getting controls implemented


Key Decisions / Dimensions


Following decisions are taken by the role:
Decide on the quality of the merchant basis transaction pattern or business documents
Deactivation/Reactivation of merchants basis data available


Major Challenges


nsure 100% monitoring with zero error
Handling of special situations with quick thinking and instant action
Constant monitoring to improve process efficiency


Required Qualifications and Experience


a)Qualifications
Any Graduate/post-graduate degree. Good understanding of Payment business
Work Experience
1.1-2 years of experience with NBFC/Banks in calling and/OR document verification
2.Experience in Advanced Excel
3.Must be familiar with SFDC