JOB DESCRIPTIONJob Purpose

To manage and optimize the risk and Fraud management process for payments business of Bajaj Finance Limited, covering full lifecycle from Onboarding Risk to transactions/lifecycle risk management. The role is responsible for investigation, analysis, actioning, and reporting of merchants for mitigation of risk.

Duties and Responsibilities

- Completely own the risk and fraud management function for Payments business of Bajaj Finance Limited for Acquiring QR business
- Acquiring QR risk management through Onboarding checks, Transaction Monitoring, and Portfolio monitoring
- Daily review of risk triggered cases based on transaction pattern, business data verification, and calling for early identification
- Update system for action taken based on review
- Prepare daily/weekly/monthly reports on trends, thresholds, and efficiency
- Maintain close coordination with business, operations, and data team for review of existing processes/data points and to use them for mitigating fraud risk by getting controls implemented

Key Decisions / Dimensions





Following decisions are taken by the role:

- Decide on the quality of the merchant based on transaction pattern or business documents
- Deactivation/Reactivation of merchants based on data available

Major Challenges

- Ensure 100% monitoring with zero error
- Handling of special situations with quick thinking and instant action
- Constant monitoring to improve process efficiency

Required Qualifications and ExperienceQualifications

Any Graduate/post-graduate degree. Valuable understanding of Payment business

Work Experience

1. 1-2 years of experience with NBFC/Banks in calling and/OR document verification
2. Experience in Advanced Excel
3. Must be familiar with SFDC

Locations - BASIC SECTION

Job Level: GB02
Job Title: Assistant Manager - Risk Containment Unit, Prevention, SME
Job Location Country: India
State: TAMIL NADU
Region: South
City: Madurai
Location Name: Madurai
Tier: Tier 2

📌 Assistant Manager - Risk Containment Uni... (Madurai)
🏢 Bajaj FinServ
📍 Madurai