Associate, Specialist, Fraud Operations, Consumer Banking

M
Mavensworld Training Advisory Services Private L


Product Manager - Banking
Mavensworld Training Advisory Services Private L • Mumbai, Maharashtra • via IIM Jobs
Full–time
Apply on IIM Jobs
Apply directly on Jobaaj
Job description
Job Title: Product Manager (Banking)

Location: Mumbai

Duration: 6 Months (Contract)

About Company:

It is a leading global management consulting firm known for its expertise in strategic advisory services. With operations in over 130 cities across more than 65 countries, they assists businesses, governments, and institutions in solving complex problems and achieving sustainable growth. The firm offers a wide range of services, including strategy, operations, digital transformation, marketing, and risk management, utilizing a data-driven and analytical approach. Renowned for its impact and innovation, they serves a diverse clientele, from large corporations to non-profits and governmental organizations, helping them navigate challenges and capitalize on opportunities in a rapidly changing world.

Key Responsibilities:

- Lead the end-to-end product management process for digital banking products, from ideation to launch and beyond.

- Collaborate with cross-functional teams including engineering, design, marketing, and operations to ensure seamless product delivery.

- Define and prioritize the product roadmap in line with business goals and customer needs.

- Conduct market research and analyze competitor offerings to drive innovation in the digital product suite.

- Ensure compliance with banking regulations and work closely with legal and risk management teams.

- Gather and incorporate customer feedback to enhance product features and functionality.

- Monitor product performance, track KPIs, and implement improvements to drive user engagement and adoption.

- Drive agile methodologies and work in sprint cycles to deliver key features efficiently.

Key Requirements:

- 3-8 years of experience in product management, specifically within a bank or financial services organization.

- Proven experience in building and launching digital products (e.g., mobile banking apps, digital wallets, or online banking platforms).

- Strong understanding of banking processes, regulatory environments, and customer experience in financial services.

- Excellent project management skills with experience in agile product development.

- Analytical mindset with the ability to work with data to drive decision-making.

- Strong communication and stakeholder management skills.

- Bachelor's degree in business, engineering, or a related field; MBA is a plus.

Preferred Skills:

- Experience with customer journey mapping, UX/UI design principles, and A/B testing.

- Familiarity with API-driven product development and fintech integrations.

- Knowledge of digital payment systems, loans, or wealth management products.
Report this listing
More jobs at Mavensworld Training Advisory Services Private L
See web results for Mavensworld Training Advisory Services Private L

DBS Bank


Associate, Specialist, Fraud Operations, Consumer Banking
DBS Bank • Mumbai, Maharashtra • via Glassdoor
8 days ago
Full–time
No Degree Mentioned
Apply on Glassdoor
Apply on SimplyHired
Apply on LinkedIn
Apply on Adzuna
Apply on Jobrapido.com
Apply on Recruit.net
Job description
Business FunctionGroup Legal, Compliance Secretariat ensures that the bank's interests are protected by zealously guarding and enhancing its reputation and capital. We also work to maintain a good standing with all our regulators, customers, and business partners. Because we believe that at the heart of business banking is to uphold the values of trust and integrity for all our stakeholders.

Job Purpose: -

With growing number of transactions in cards and digital platform hiring resources who will be responsible for the prevention and detection of potential fraud across all payment channels by reviewing customers transactions / accounts and they will monitor system alerts daily and take necessary action to protect customers and the bank.

Key Accountabilities: -
• Responsible for developing and implementing action plans for detecting fraudulent activities.
• Building model for fraud monitoring and provide training to subordinates to efficiently manage fraud monitoring process.
• Timely review of Fraud and Authorization rules/parameters in respective systems based on Analysis of new fraud trends.
• Ensure compliance with all laid down policies and procedures for smooth operations of unit.
• Initiatives to enhance approval rates.

Job Duties responsibilities: -
• Building model for fraud monitoring and provide training to subordinates to efficiently manage fraud monitoring process
• To ensure investigation is completed closure report is issued within TAT from the date when case is referred
• Implementation of fraud rules in systems based on Analysis of new fraud trends.
• Monitor real time queues and identify high risk transactions within acceptable turnaround time
• Recommend anti-fraud processes for changing transaction patterns and trends.
• Process and approve authorization requests
• Handle enquiries and complaints from Merchants and Cardholders; undertake investigative and follow-up action to ensure that complaints are properly resolved.
• Educate Merchants on the correct card acceptance and authorization procedures.
• Attend to and process Lost/Stolen Card reports from Cardholders
• Carry out fraud monitoring and take pro-active follow-up actions to mitigate fraud losses
• Consistently adopt group Investigation Standards procedures
• Contact cardholders to verify transaction
• Ensure submission of pertinent information / reports on confirmed fraud transactions.
• Monitor personal and team performance and identify ways to improve team performance and service standards.
• Willing to work in shifts (24/7) based on team requirements
• Actively review and streamline operation processes
• Pro-actively display teamwork and co-operation with each other in a harmonious manner to achieve excellent service quality and standards.
• Check maintain necessary MIS data, reports, files, records or movements.
• Provide necessary administrative support in the processing of authorization- related tasks.
• Provide timely updates to BU/SU/Team Lead.

Required Experience: -
• Associate – 4-6 years, Analyst – 2-4 years, in similar profile
• Proficient in English with good interpersonal and communication skills
• Willing to do shift duties (24/7 set up).

Education / Preferred Qualifications: -Commerce Graduate

Core Competencies: -

Fraud Detection Skills, Risk Management, Communication Skills, Problem Solving Skills etc.

Technical Competencies: -

Investigation, Data Analytics etc.

Work Relationship: -
• Support and maintain good working relationship with below units in timely investigations to process customer’s fraudulent transactions claims.
• Internal workstreams like CBG Business Unit/ Product/ CCTR/ Operations etc.
• External workstreams like Intellect/ Verinite/ M2P vendor etc.

DBS India - Culture Behaviors: -
• Drive Performance Through Value Based Propositions
• Ensure Customer Focus by Delighting Customers Reduce Complaints
• Build Pride and Passion to Protect, Maintain and Enhance DBS’ Reputation
• Enhance Knowledge Base, Build Skill Sets Develop Competencies
• Invest in Team Building Motivation through Ideation Innovation
• Execute at Speed While Maintaining Error Free Operations
• Develop a Passion for Performance to Grow Talent Pool
• Maintain the Highest Standards of Honesty and Integrity Read more