Fraud Risk Compliance Manager

The Fraud Risk Compliance Manager position in Mumbai, Mulund requires 2-5 years of experience. As the Fraud Risk Compliance Manager, your primary responsibility will be to ensure that the organization's merchant onboarding and transaction monitoring processes adhere to internal policies and external regulations. You will analyze potential risks, implement fraud prevention strategies, and ensure compliance with industry standards. Collaboration with various departments is essential to establish a secure and compliant environment for all financial transactions. Your key responsibilities will include conducting thorough due diligence on new merchants, reviewing and verifying merchant documentation and creditworthiness, and refining onboarding procedures to improve fraud detection and prevention. You will also be responsible for developing and maintaining transaction monitoring systems, analyzing transaction patterns for fraud identification, and investigating flagged transactions. Risk assessment and management are crucial aspects of this role, involving regular assessments to identify vulnerabilities in onboarding and transaction processes. You will develop and implement fraud prevention strategies, monitor their effectiveness, and ensure compliance with regulations set by the Reserve Bank of India and other regulatory bodies. It is imperative to stay updated on changes in laws affecting fraud risk management and prepare and submit reports to regulatory authorities. Collaboration with IT, Legal, and Operations teams to enhance fraud detection systems, providing training to staff on fraud detection and compliance best practices, and coordinating with external partners to stay informed about industry trends are key aspects of this role. You will also be responsible for maintaining comprehensive records of fraud investigations, preparing reports for senior management on fraud risks, and updating policies and procedures related to fraud risk management. If you are interested in this position, please share your CV at sujal.adhikari@prakharsoftwares.com or at 9289258122.,