PayU - Manager/Senior Manager - Fraud Risk Management

Looking for Fraud Risk Manager/Sr. Manager role with PayU

About PayU :

Payu is a Netherlands-based payment service provider to online merchants.[1][2] The company was founded in 2002[3] and is headquartered in Hoofddorp. It allows online businesses to accept and process payments through payment methods that can be integrated with web and mobile applications.[4][5] As of 2018, the service is available in 17 countries.[6] The firm is owned by the Naspers Group, which also owns a stake in one of its sister companies.

Role : Manager Fraud Risk Management

Company : PayU Finance

Location : Gurgaon /Bangalore/Mumbai

About Company :

PayU, the fintech-arm of Naspers, is a leading financial services provider in global growth markets. We use our expertise and heritage in cross border and local payments to extend the services we offer to merchants and consumers. Our innovative technology, developed in-house as well as through investments and strategic partnerships, empowers billions of people and millions of merchants to buy and sell online, extending the reach of financial services.

PayU specialises in credit products and services for emerging markets across the globe. We are dedicated to removing risks to merchants, allowing consumers to use credit in ways that suit them and enabling a greater number of global citizens to access credit services.

PayU focuses on delivering innovative fintech solutions. We connect consumers and businesses, improving access to credit in markets such as India and Africa. With credit being the key business priority, Lazypay and Paysense, the alternate lending platforms, have been developed to offer credit solutions such as small ticket credit (Buy Now, Pay Later), app based personal loans and point of sale credit (Merchant EMI).

Roles and Responsibilities :

- Manage Fraud Risk activities and processes effectively and efficiently aligned to business strategy in India.

- Work with Business Head and other stakeholders for smooth functioning of Fraud risk management processes and activities.

- Manage fraud risk, assisting businesses with implementing the 'best in class' tools & processes to minimize fraud losses while maintaining and adhering to customer charter goals and objectives.

- Ensure the Fraud Risk Management framework is effectively embedded and communicated across business segment.

- Develop a proactive, independent, balanced fraud risk awareness culture within the organization

- Develop effective fraud risk management strategies and timely deploy these strategies across products and channels

- Ensure the cost budget in Fraud risk management is based on robust capacity plans and is delivered through a rigorous cost management discipline.

- Identify industry best fraud risk infrastructure and management practices are tabled and are considered for adoption within the business segment.

- Ensure Fraud Risk Assessment is performed for all key process and products.

- Ensure that gross and residual fraud risks are understood and agreed with the respective business heads.

- Lead and drive standardisation, automation and consolidation through re-engineering and process improvement initiatives pertaining to Fraud Risk Management.

- Develop and maintain fraud management capabilities, skills and infrastructure in the organisation that are in compliance with both internal policies and external regulations and are responsive to fraud attacks.

- Act quickly and decisively when any risk and control weakness becomes apparent and ensure they are addressed within an appropriate timeframe and escalated through the relevant committees.

Qualifications and Experience :

- Graduate degree holder with 5 to 8 years of related experience in Banking and Financial Institutions

- Excellent business judgment and risk assessment as demonstrated by previous work or academic experience

- Strong Problem-Solving Skills as demonstrated by previous experience in developing creative solutions to business strategy, technological, and operational problems

- Desire to help small businesses and families by eliminating inefficiencies and excessive costs in the lending business