Cashfree - Senior Manager - Fraud Risk

About us :

Cashfree Payments is a leading payments and API banking solutions company. We provide full-stack payments solutions enabling businesses in India to collect payments and make payouts via all available methods with a simple integration. Cashfree's offerings include an advanced and easy way to integrate payment gateway, a split payment solution for marketplaces, bank account verification API and Auto Collect - a virtual account solution to match inbound payments to customers.

Founded by IIIT Hyderabad alumnus Akash Sinha and IIT Kharagpur graduate Reeju Datta, www.cashfree.com is among the leading payment service providers in India processing transactions worth USD 80 Billion annually. We have leveraged technology to lead payment disbursals in India with more than 50% market share among payment processors. Cashfree enables more than 8,00,000 businesses with payment collections, vendor payouts, wage payouts, bulk refunds, expense reimbursements, loyalty and rewards. Apart from India, Cashfree's products are used in eight other countries including USA, Canada and UAE. Cashfree is backed by Silicon Valley investor Y Combinator, Apis Partners, State Bank of India (SBI) and was incubated by PayPal. Recently we raised USD 53 Million / INR 450 Crore in Funding Round Led by KRAFTON to Drive Product Innovation, Market Expansion, and Global Growth.

Role Payments is seeking a highly experienced professional to take on the role of a Senior Manager - Risk & Compliance. This position involves developing and implementing robust policies and frameworks to manage financial crime risks, including Anti-Money Laundering (AML) and fraud prevention, while ensuring compliance with regulatory requirements.

What You Will Do :

• Policy Development & Oversight : Strengthen and implement comprehensive policies for financial crime risk management, encompassing Anti-Money Laundering (AML), fraud prevention, and detection mechanisms. This includes developing, maintaining, and overseeing policies, processes, and product-level interventions to ensure robust risk mitigation
• Relationship Management : Managing banking relationships from Risk / Compliance standpoint & also governing the VISA / RBI / NPCI guidelines.
• Risk Management : Enhance preventive and detective frameworks to mitigate financial crime risks across Cashfree Payments' systems
• Regulatory Compliance : Ensure adherence to applicable laws, regulations, and guidelines by implementing necessary changes in internal processes
• Monitoring & Reporting : Establish robust monitoring systems for suspicious activities and ensure timely reporting to relevant authorities
• Team Leadership : Provide strategic direction to the financial crime risk team and foster a culture of compliance and risk awareness

What You Will Need :

(ref : iimjobs.com)