Job Description
This is a Public document.
Job Description for a Credit Card Transaction Monitoring Manager
Reports to: CREDIT CARD POLICY HEAD
Location: MUMBAI
Job Summary:
We are seeking an experienced Credit Card Transaction Monitoring individual (M5-AVP) to join our Credit Risk Management team. The successful candidate will be responsible for monitoring credit card transactions data, identifying potential fraud or high risk transactions with higher bad rates, and implementing rules to prevent such transactions and reduce future financial losses coming from them. This role requires a blend of analytical skills, attention to detail, and knowledge of fraud detection technologies and methodologies.
The ideal candidate will have experience in data analysis, risk analytics, and fraud prevention. They should be proficient in SAS, SQL, and Python for data querying and analysis, and have a strong understanding of fraud risk management in the financial services industry
Key Responsibilities:
Monitoring Transactions: Responsible for overseeing credit card transactions to detect and prevent fraudulent activities, high risk transactions on various MCC’s such as rental, wallets, fuels etc. this includes analysing transaction patterns and identifying any suspicious behaviour.
Rule Creation: Part of the job would involve creating and implementing rules within the FALCON system to help identify and stop such transactions. Test and refine rules to ensure accuracy and effectiveness. This requires a deep understanding of fraud trends and the ability to translate this knowledge into effective fraud prevention strategies.
Identifying customers who are making non retail transactions and using credit card funds for other than specified retail purposes and building rules to stop or reduce transactions on them by blocking those MID’s, initiating blocking of credit card accounts and credit limit reduction.
Using FICO® Falcon® Fraud Manager: You would likely be using FICO’s Falcon Fraud Manager, which is a leading solution for real-time transaction protection across various channels.
Collaboration: The role may require collaboration with business and financial users to define, test, and deploy these rules based on the organization’s requirements and strategies
Creating and maintaining reports for tracking fraud trends and the performance of fraud prevention strategies.
Querying operational databases and data warehouses using SQL and other tools to extract data for analysis.
Staying up-to-date on current fraud best practices and emerging threats.
This is a Public document.
Requirements:
5+ years of experience in credit card transaction monitoring or related field
2+ years of experience in a mid-leadership role.
Strong knowledge of Falcon or similar fraud detection systems
Excellent analytical and problem-solving skills
Effective communication and leadership skills
Ability to work in a fast-paced environment
Experience with machine learning or data science
Certification in fraud prevention or related field will be an added advantage
Job Description for a Credit Card Transaction Monitoring Manager
Reports to: CREDIT CARD POLICY HEAD
Location: MUMBAI
Job Summary:
We are seeking an experienced Credit Card Transaction Monitoring individual (M5-AVP) to join our Credit Risk Management team. The successful candidate will be responsible for monitoring credit card transactions data, identifying potential fraud or high risk transactions with higher bad rates, and implementing rules to prevent such transactions and reduce future financial losses coming from them. This role requires a blend of analytical skills, attention to detail, and knowledge of fraud detection technologies and methodologies.
The ideal candidate will have experience in data analysis, risk analytics, and fraud prevention. They should be proficient in SAS, SQL, and Python for data querying and analysis, and have a strong understanding of fraud risk management in the financial services industry
Key Responsibilities:
Monitoring Transactions: Responsible for overseeing credit card transactions to detect and prevent fraudulent activities, high risk transactions on various MCC’s such as rental, wallets, fuels etc. this includes analysing transaction patterns and identifying any suspicious behaviour.
Rule Creation: Part of the job would involve creating and implementing rules within the FALCON system to help identify and stop such transactions. Test and refine rules to ensure accuracy and effectiveness. This requires a deep understanding of fraud trends and the ability to translate this knowledge into effective fraud prevention strategies.
Identifying customers who are making non retail transactions and using credit card funds for other than specified retail purposes and building rules to stop or reduce transactions on them by blocking those MID’s, initiating blocking of credit card accounts and credit limit reduction.
Using FICO® Falcon® Fraud Manager: You would likely be using FICO’s Falcon Fraud Manager, which is a leading solution for real-time transaction protection across various channels.
Collaboration: The role may require collaboration with business and financial users to define, test, and deploy these rules based on the organization’s requirements and strategies
Creating and maintaining reports for tracking fraud trends and the performance of fraud prevention strategies.
Querying operational databases and data warehouses using SQL and other tools to extract data for analysis.
Staying up-to-date on current fraud best practices and emerging threats.
This is a Public document.
Requirements:
5+ years of experience in credit card transaction monitoring or related field
2+ years of experience in a mid-leadership role.
Strong knowledge of Falcon or similar fraud detection systems
Excellent analytical and problem-solving skills
Effective communication and leadership skills
Ability to work in a fast-paced environment
Experience with machine learning or data science
Certification in fraud prevention or related field will be an added advantage
💡 Quick Summary
Seeking a career-building opportunity? The Risk Manager-CREDIT CARD-Risk position is now open for candidates interested in the Bank Jobs sector. This role in Mumbai offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.