Job description:

This role will allow the successful candidate to work with primarily unsecured product portfolios across multiple business lines & services (pan India). These will include various lending products for individuals (both salaried & self-employed) as well as small/medium enterprises. Some of these products would be, Unsecured PL (small, medium & large ticket), Line of Credit, BNPL & Business loans.

Key/Primary Responsibilities:

- Build Fraud infrastructure & strategy from scratch

- Manage Fraud Control practices by understanding the known & emerging fraud patterns and build a fraud management systems based on viable triggers.

- Develop Fraud strategies based on information available from both traditional & non-traditional data/Information sources

- Defining specific thresholds/cut-offs for the respective Fraud triggers and define various segment level treatments basis severity (straight reject, additional documents, manual verification, etc.) ensuring high fraud capture% and minimum possible false positives for straight reject pool.

- Closely work with the Data Science team and build a robust framework for Fraud detection, investigation, monitoring & reporting

- initially screen applications manually for fraud triggers and gradually evolve to scientific rule-based triggers with the help of the data analytics team

- Conducting end to end documents & profile investigations

- Identify early default cases for scrutiny to ascertain reasons

- Continuous feedback to Risk and analytics team for changes in the credit policy basis emerging fraud trends post identifying new triggers

- Continue to evaluate third-party solutions to build custom triggers while ensuring a seamless digital onboarding for customers with good intent.

Skills required:

- 7+ years of total experience in banking & financial services

- 4+ years of working knowledge of Fraud management for unsecured loan products in the Indian market and must possess sound market and industry knowledge(primarily across Fintechs)

- Understanding of the key fraud triggers for digital unsecured lending

- Exceptional planning, organizational, and communication skills: require the ability to handle several complex tasks simultaneously and also coordinate key projects/initiatives with a variety of stakeholders is essential along with the ability to understand broad business issues

- Must possess the ability to make deductions and meaning from rather complex and abstract situations and make sound decisions from them

- Negotiation and interpersonal skills: It is essential that they can negotiate and influence people towards achieving a predetermined goal.

- Proficiency with Microsoft Office (Excel, Word, PowerPoint) applications; working knowledge of SQL is a plus

- Education: A minimum Bachelor's degree in finance, business, economics, or BTECH/BE, or other quantitative fields is required. However, MBA (Finance) or a Master's degree in Economics, Mathematics, Statistics, or another quantitative related field may be preferred

This job opening was posted long time back. It may not be active. Nor was it removed by the recruiter. Please use your discretion.