RCU Digital Fraud Team Manager-Ho & Support-Internal Control
Kotak Mahindra Bank
5 - 10 years
Mumbai
Posted: 01/09/2025
Job Description
Grade: M4/M5
Product Fraud Risk Manager JD: (looking for 2 to start with)
Location: Mumbai / Bangalore
Job Description
· Analyse product notes / process notes and build scenarios for obvious fraud risks as well as edge cases
· Summarise mandatory checks needed post launch
· Summarise monthly post-facto summaries needed post launch in the first 3 months of launch and propose pulling back on relevant cohorts / additional checks
· Liaise with product teams / tech teams / FRM rule writers to integrate with internal Fraud Risk Management tools and Business rule engines
· Analyse gaps in existing products / processes from a fraud risk perspective
· Own risk metrics on products launched and inform rule writers on internal fraud trend-based and compliance / regulations related checks on a regular basis
· Regular documentation of product launches approved, checks proposed, fraud caught, additional diligence recommended, etc
· Keep abreast with industry trends in new product launches, NPCI guidelines, payment solutions, competition benchmarking on processes / transaction limits, etc
Requirements:
· Min 4 years’ experience in Banking / Fintech, ideally with exposure to multiple products
· Good understanding of multiple banking products: Credit Cards, Debit Cards, Digital Channels, Merchant Acquiring, and RBI regulations therein
· Ability to negotiate and liaise with multiple stakeholders and manage discussions independently
· Good summarisation skills for briefs to senior leadership for quick approvals
· Educational background - B.E./ B.Tech/ Statistics / Econometrics mandatory
About Company
Kotak Mahindra Bank is one of India's leading private sector banks, offering a wide range of financial services including personal banking, corporate banking, investment banking, insurance, and asset management. Established in 1985 and headquartered in Mumbai, it is known for its innovative banking solutions, customer-centric approach, and strong focus on digital transformation. The bank caters to diverse customer segments, from individuals to large corporations, emphasizing trust, transparency, and growth.
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