Product Manager - Compliance & Risk

Kotak Mahindra Bank·Mumbai·Onsite

Senior Product ManagerFintech

Experience

6–10 years

Employment

Full Time

Work mode

Onsite

Level

Senior Product Manager

Location

Mumbai

Posted

1 week ago

Listed compensation: ₹18L–25L/yr

What you'll do

Define and oversee the enterprise payment risk strategy and governance framework, including risk appetite, standards, key risk indicators and oversight mechanisms across API, platform and mobile channels.
Establish the strategic direction for data privacy, customer protection and payment-security controls, ensuring alignment with regulatory requirements and the organisations risk appetite
Provide governance oversight of integration and access-security risks, including the effectiveness of controls relating to API credentials, dormant access and periodic access reviews
Maintain an enterprise-wide view of risks across the end-to-end payment lifecycle, covering transaction processing, settlement, reconciliation, failures and exceptions.
Oversee significant payment and fraud incidents, ensuring robust root-cause analysis, thematic assessment and sustainable remediation of underlying product, process, technology and control gaps.
Develop an integrated payment-risk intelligence and reporting framework, leveraging transaction, fraud, incident, complaint and operational data to identify emerging risks and support management decision-making.
Set the approach for RCSA and control assurance across payment products and processes, challenging control effectiveness and ensuring material gaps are addressed within agreed timelines
Provide oversight of regulatory reporting and data submissions relating to payments, ensuring appropriate governance over data quality, accountability and regulatory compliance.
Assess emerging regulatory, technology and industry developments affecting payments, and translate them into strategic priorities for the organisations risk framework, control environment and product roadmap.
Drive consistent payment-risk standards and control maturity across businesses and payment products, identifying opportunities for risk-based simplification and process optimisation
Partner with Technology, Operations, Fraud Risk, Cyber Security, Compliance and Operational Risk leadership to address systemic and cross-functional payment risks and strengthen enterprise resilience.

Nice to have

6–10 years of relevant experience in banking, payments, risk management, transaction banking, payment operations or technology risk.
Must have experience in risk frameworks, control design, regulatory compliance, exception management and risk monitoring.
Strong understanding of payment products, transaction flows and associated operational and technology risks. Knowledge of API/H2H integrations will be an added advantage.
Ability to translate regulatory and risk requirements into practical process and system controls.
Ability to work effectively across Product, Technology, Operations and Risk functions and influence multiple stakeholders.
Strong analytical, problem-solving, stakeholder-management and communication skills.
Graduate/Postgraduate qualification in Finance, Banking, Technology, Risk Management or a related field. Relevant professional certifications would be an advantage.