Risk Investigator - Merchant

1 Month ago • 2-3 Years • Risk Management

Job Summary

Job Description

PhonePe is seeking a Risk Investigator for its Fraud Risk Operations team. This role involves mitigating risk and enhancing trust and safety across PhonePe products. The investigator will be responsible for preventing and detecting fraud across all payment channels by reviewing customer accounts, analyzing data to identify risk patterns related to fraud, identity theft, KYC/EDD, AML, and non-compliance, and assessing the adequacy of existing controls. The role also includes collaborating with support areas like operations, finance, settlements, risk analytics, compliance, and technology to maintain high control levels, identifying fraud trends, contributing to fraud rule creation with analytical data, monitoring fraud alerts, and facilitating stakeholder calls.
Must have:
  • Minimum 2-3 years experience in risk ops, fraud investigations, or analytics.
  • Proven experience in Risk management & Fraud.
  • Strong oral and written communication skills.
  • Team player, able to build relationships.
  • Any graduate/PG education.
  • Ability to work independently and coordinate with stakeholders.
  • Basic MS Office and SQL knowledge.
Good to have:
  • Certified Fraud Examiner (CFE) is an advantage.
Perks:
  • Medical Insurance
  • Critical Illness Insurance
  • Accidental Insurance
  • Life Insurance
  • Employee Assistance Program
  • Onsite Medical Center
  • Emergency Support System
  • Maternity Benefit
  • Paternity Benefit Program
  • Adoption Assistance Program
  • Day-care Support Program
  • Relocation benefits
  • Transfer Support Policy
  • Travel Policy
  • Employee PF Contribution
  • Flexible PF Contribution
  • Gratuity
  • NPS
  • Leave Encashment
  • Higher Education Assistance
  • Car Lease
  • Mobile & Broadband Reimbursements
  • Salary Advance Policy

Job Details

About PhonePe Group: 

PhonePe is India’s leading digital payments company with 50 crore (500 Million) registered users and 3.7 crore (37 Million) merchants covering over 99% of the postal codes across India. On the back of its leadership in digital payments, PhonePe has expanded into financial services (Insurance, Mutual Funds, Stock Broking, and Lending) as well as adjacent tech-enabled businesses such as Pincode for hyperlocal shopping and Indus App Store which is India's first localized App Store. The PhonePe Group is a portfolio of businesses aligned with the company's vision to offer every Indian an equal opportunity to accelerate their progress by unlocking the flow of money and access to services.

Culture

At PhonePe, we take extra care to make sure you give your best at work, Everyday! And creating the right  environment for you is just one of the things we do. We empower people and trust them to do the right  thing. Here, you own your work from start to finish, right from day one. Being enthusiastic about tech is a  big part of being at PhonePe. If you like building technology that impacts millions, ideating with some of  the best minds in the country and executing on your dreams with purpose and speed, join us!

The PhonePe Fraud Risk Operations team is a high impact team whose goal is to mitigate risk and improve the trust and safety for various PhonePe products. If your dream is to build processes and tools that would impact millions of customers, partnering with some of the best minds and executing on your dreams with purpose and speed, join us!
The Key to success in this role is the ability to understand the team’s vision and raise the bar on the job core responsibilities of Operate, Continuous Improvement, Communicate and People Development.
The incumbent is required to demonstrate strong performance in the following areas:
 

  •       Responsible for the prevention and detection of potential fraud across all payment channels by reviewing customers’ accounts
  •       Work with data to understand patterns and anti-patterns to determine risk activity ranging from Fraud, Identity theft, KYC/EDD, AML and non-compliant activity per RBI.
  •       Proactively identifying fraud risks and assessing the adequacy of controls to manage such risks, including recommending enhanced or additional controls
  •       Working with support areas such as operations, finance, settlements, risk analytics, compliance  and technology in ensuring a high level of control is maintained
  •       Proactive in identifying and following up on anomalies/areas of concern
  •       Identify fraud patterns through the monitoring of high-risk user and merchants
  •       Contribute to the creation of fraud rules by providing analytical data to support decisions
  •       Monitor fraud alerts daily and take necessary action to protect customers.
  •       Daily updates on any new fraud trends to senior management.
  •   Ensure information flow and deliverables are met to mitigate fraud by facilitating weekly calls with stakeholders.


.
Role Requirements:

  • Minimum of 2-3 years of relevant experience in risk operations or fraud  investigations or fraud risk analytics.
  • Proven experience across the domain of Risk management & Fraud.
  • Strong oral and written communication skills
  • Team player; ability to build relationships at all levels internally and externally
  • Education qualification - Any graduate/PG
  • Ability to work independently and to liaise with other departments and coordinate with various stakeholders.
  • Has and added advantage if CFE 
  • Basic working knowledge of MS Office, SQL 


PhonePe Full Time Employee Benefits 

  • Insurance Benefits - Medical Insurance, Critical Illness Insurance, Accidental Insurance, Life Insurance
  • Wellness Program - Employee Assistance Program, Onsite Medical Center, Emergency Support System
  • Parental Support - Maternity Benefit, Paternity Benefit Program, Adoption Assistance Program, Day-care Support Program
  • Mobility Benefits - Relocation benefits, Transfer Support Policy, Travel Policy
  • Retirement Benefits - Employee PF Contribution, Flexible PF Contribution, Gratuity, NPS, Leave Encashment 
  • Other Benefits - Higher Education Assistance, Car Lease, Mobile & Broadband Reimbursements, Salary Advance Policy


Working at PhonePe is a rewarding experience! Great people, a work environment that thrives on creativity, and the opportunity to take on roles beyond a defined job description are just some of the reasons you should work with us. Read more about PhonePe on our blog.

PhonePe Full Time Employee Benefits (Not applicable for Intern or Contract Roles)

  • Insurance Benefits - Medical Insurance, Critical Illness Insurance, Accidental Insurance, Life Insurance
  • Wellness Program - Employee Assistance Program, Onsite Medical Center, Emergency Support System
  • Parental Support - Maternity Benefit, Paternity Benefit Program, Adoption Assistance Program, Day-care Support Program
  • Mobility Benefits - Relocation benefits, Transfer Support Policy, Travel Policy
  • Retirement Benefits - Employee PF Contribution, Flexible PF Contribution, Gratuity, NPS, Leave Encashment 
  • Other Benefits - Higher Education Assistance, Car Lease, Salary Advance Policy

Working at PhonePe is a rewarding experience! Great people, a work environment that thrives on creativity, the opportunity to take on roles beyond a defined job description are just some of the reasons you should work with us. Read more about PhonePe on our blog.

Life at PhonePe

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About The Company

PhonePe was founded in December 2015 and has emerged as India’s largest payments app, enabling digital inclusion for consumers and merchants alike. With 48 crore (480 Million) registered users, one in four Indians are now on PhonePe. The company has also successfully digitized 3.6 crore (36 Million) offline merchants spread across Tier 2,3,4 and beyond, covering 99% of the postal codes across India. PhonePe is also the leader in Bharat Bill Pay System (BBPS), processing over 45% of the transactions on the BBPS platform. PhonePe forayed into financial services in 2017, providing users with safe and convenient investing options on its platform. Since then, the company has introduced several Mutual Funds and Insurance products that offer every Indian an equal opportunity to unlock the flow of money and access to services. PhonePe was recently recognized as the Most Trusted Brand for Digital Payments as per the Brand Trust Report 2023 by Trust Research Advisory (TRA).



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