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Rule Writing(transaction Monitoring) (fraud Protection)

Mumbai, MH
Job Code:
  • IT
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Job Details

The role would need to effectively liaise with the other verticals (Transaction Monitoring and the Analytics (Data Scientist & Statistical Modeller)) to have a clear line of sight on the prevailing trends on transaction frauds and the predictive future trends too.Basis the trends (prevailing as well as predictive), plan the rules strategy to minimise / prevent transaction frauds.Timely execution of the plan to implement rules to address the prevailing fraud trends and also to create rules to address pro-actively the future fraud trends too.Keep a consistent line of sight on the rules performance and keep a healthy check on False Positives resulting in bare minimum impact on businessLiaise with Fraud Product team and also IT as well as the vendor (Developer of Transaction Monitoring Tool) to seek timely help if required towards rules creation / modificationArticulate clearly the Rules Strategy to key stakeholders and procure requisite buy-in for as and when new rules are createdAdopt and maintain a consistent communication rhythm with stakeholders around rule creation / modification / intimation on flash fraud rules creation.Adopt and maintain effective mechanism to study through machine learning (on the transaction monitoring tool) and consistently leverage the same in rationalising the rules strategy from time to timeMust possess External Focus- keep customer in mind while deciding on the rules strategy targeted at minimising transaction frauds. Network with competition and the regulatory forums (RBI, PCI etc.) to keep a check on the prevailing external trends on frauds and the loss mitigation effortsInteracts, communicates effectively and builds strong working relationship on an ongoing basis with business stakeholders (Product/Marketing/Sales)Key DeliverablesTimely and a prudent action around Transaction Monitoring Rules Management with an intent to minimise / prevent transaction fraudsKeep a regular line of sight around False Positives and Good to bad ratio aimed at minimising the impact on business / front-end acquisitionAdopt, practice and promote pro-active fraud management
Degree: M.Com. (Commerce) | M.Pharm. (Pharmacy) | M.Sc. (Science) | MA (Arts) | MBA/ PGDM | MCA/ PGDCA

Additional Degree: BA (Arts) | B.Com. (Commerce) | B.Pharm. (Pharmacy) | B.Plan. (Planning) | B.Sc. (Science) | BBA/ BBM/ BBS | BCA (Computer Application) | Diploma-Other Diploma | B.Ed. (Education) | BHM (Hotel Management)

Experience: 9-14


Application Programming | Software Engineer
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