Manager - Risk Containment Unit
Bajaj Finserv
Date: 1 day ago
City: Bhopāl, Madhya Pradesh
Contract type: Full time
Location Name: Bhopal
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
Work Experience
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
- Qualifications
Work Experience
- 1-2 years of experience with NBFC/Banks in calling and/OR document verification
- Experience in Advanced Excel
- Must be familiar with SFDC
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