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Payments Fraud Manager

icon building Company : Terrapay
icon briefcase Job Type : Full Time

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Job Description - Payments Fraud Manager

  • Manage all aspects of the payments fraud operations, including monitoring payment processing and gateway activities, payments fraud data analysis and set -up mitigating rules using the fraud module. 
  • Formulate and execute fraud mitigation plans 
  • Execute policies and strategic programs to address the payments fraud risk, mitigate the loss or damage of any nature. 
  • Sound understanding of the anti -fraud management strategies related to the payments acquiring, issuance business models. 
  • Maintain an in -depth knowledge of Card Scheme rules/payment card network rules. 
  • Monitor partner/merchant’s performance under card association fraud risk rules. 
  • Review any case of suspected fraud reported and take appropriate actions accordingly. 
  • Regularly generate, review reports to early identification of unusual processing patterns. 
  • Conduct analysis and investigation on any partner/merchant’s suspected fraudulent transactions by using available resources including partner contact, contacting banks/issuer. 
  • Maintain a strong relationship between  internal and external stakeholders. Educate stakeholders on the fraud management platform and processes. 
  • Promptly attend to partner requests related to payments fraud management. 
  • Maintain awareness of key process changes, system changes and how they impact the payments fraud risk. 
  • Develop proactive efforts to measure and mitigate fraud risk without negatively impacting the customer experience and the revenue. 
  • Engage with stakeholders (Ex: fraud prevention service providers, processors/acquirers, issuers, payment partners, etc.) to set up fraud mitigation systems, processes to address issues. Also, to improve our payment fraud systems and payment partner/user experiences. 
  • Review incoming chargebacks and provide timely responses to the payment providers to ensure the highest possible win rate. 
  • Work across multiple platforms and cross -functionally to build strong chargeback resentments. 
  • Identify the opportunities to minimize the incoming volume of chargebacks received. 
  • Develop and implement strategies to improve chargeback represented rates. 
  • Communicate and report overall status, primary metrics, essential fraud issues,  solution plans and readiness timelines to senior management. 
  • Develop monthly reporting metrics to monitor payments fraud metrics.  
  • Create reports and communicate to Senior Management regarding any concerns of an existing partner/merchant’s portfolio. 
  • Evaluate the effectiveness of payment fraud detection systems and strategies. 
  • Proactively contribute to new payment fraud prevention strategies, tools or technologies. 
  • Analyze and define metrics that provides the success of payment methods/product, fraud service providers and make recommendations to optimize payment authorization rates.  
  • Recommend potential optimizations to maximize revenue by mitigating losses. 
  • Continuously improve payments fraud management processes and procedures 
  • Experience in handling Safe key (American Express) and 3D (Visa/MasterCard) secure transactions in the Card Not Present environment.  
  • Sound knowledge about Cyber source/ThreatMetric tool 
  • Good knowledge about setting up Fraud Management rules for Issuing & Acquiring activities 


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