Lead - Payments

The prospective candidate shall handle work related to:
Product & Regulatory Compliance; supporting Payments SBU and function heads in implementing strong controls within the business. Candidate will work with all payments functions and BFL units.
1. Formulation of SOPs and Policies around Sales Compliance
2. Monitoring defined alerts
3. Deliver on Business Analytics as a practice and capability - Work with large structured and transactional data to build a robust analytics-based trigger framework across B2C products and across life cycle.
4. Develop Well-Defined Strategies for providing sharpened trigger-based data for sampling- Segmentation, Targeting- Prioritization (fraud propensity) simulations, building strategies to prevent fraud
5. Analyzing the historical data and Define Sampling Strategy
6. Analyze data to identify emerging business trends, spikes and outlier s basis branch, off roll and on roll employees across Payments business
7. Strengthen relationships with partners such as RCU, Risk, Collections and Business teams to continue to leverage capabilities
8. Identifying areas of weaknesses, recommending solutions and supporting the team to achieve targets by mitigating process lapses and fraudulent activities
9. Scan environment and be up to date on emerging tech capabilities and other process innovations to ensure possible gaps where fraud can happen
10. Analyze current environment & trends and provide improvement solutions
11. Collaborate with Business team, Staffing team and DAC and ensure daily defect catch (flash) reports, monthly reviews and actions as per staircase are seamlessly completed
12. Effective communication with stakeholders - Business Leaders, RCU, IT partners and Senior Management
13. Formulate effective power point presentations and monthly reports for review by senior management every month

Major Challenges
1. New opportunities / malpractice of fraud by sales force team in new markets
2. Working in business focused and high growth environment.

Required Qualifications and Experience
a) Skills:
Should have worked for reputed Fintech or Banks/Financial Institutions with deep domain knowledge on Compliance
Excellent analytical & communication skills, clarity of thoughts and perseverance.
Experience in handling Regulatory/ Statutory Compliances related issues.
Knowledge of applicable RBI guidelines.
Should be a self-starter and a team player.
b) Qualifications:
Graduate / Post-graduate / MBA
a) Work Experience
6-10 years prior experience in Risk, Compliance & Transaction Monitoring team