Senior Director Enterprise Risk Management

Payment – Payments India - Risk /
Full-time /
About PayU 
PayU, a leading payment and Fintech company in 50+ high-growth markets throughout Asia, Central and Eastern Europe, Latin America, the Middle East and Africa, part of Prosus group, one of the largest technology investors in the world is redefining the way people buy and sell online for our 300.000+ merchants and millions of consumers. 

As a leading online payment service provider, we deploy more than 400 payment methods and PCI-certified platforms to process approximately 6 million payments every single day. 

Thinking of becoming a PayUneer and you are curious to know more about us? Read more about the life in PayU here 

Role : Senior Director Enterprise Risk Management
Location: Gurgaon/Mumbai

Role Description
PayU India is seeking an experienced leader as the Head of Enterprise Risk Management. This is a unique opportunity for an individual to join a transforming business and play a key role in embedding risk management into the organization's culture.
In this role, the individual will be responsible for maintaining and enhancing business excellence by effectively managing and mitigating significant risks and ensuring compliance with all relevant regulations. The focus will be on strengthening, redefining, and implementing a robust enterprise risk management function that supports the organization's strategic goals. The individual will lead the development of a strong culture of risk management, bringing together multiple teams such as transaction risk, operational risk, process risk, enterprise risk and IT security risk. The individual will also establish an ecosystem to effectively identify and measure risk, provide guidance and structure risk mitigation into products and transactions.
Key Responsibilities
Enterprise Risk strategy formulation
Scan the macroscopic market competition and refine/ upgrade risk policies to balance business growth and risk control requirement
Develop risk related strategy and plan to deliver on business portfolio health and loss metric aligned with targets defined
Liaise with business heads to drive risk management plans and negotiate for optimal balance between enterprise risk and business growth
Risk assessment
Monitor and review portfolio trends and assess various parameters (e.g., loss metrics delinquency ratios bounce rates etc.) to ensure adherence to risk quality and targets
Develop new product risk policies / changes to policies periodically to enable growth of business with a healthy portfolio
Risk mitigation
Create scorecard to monitor enterprise risk parameters on a periodic basis identify trends and plan mitigation actions by changing/ adding policy
Publish risk data on a periodic basis to shareholders business senior management to ensure timely corrective actions are taken for the business – provide input to management on loss making segments bottom performing portfolio
Monitor adherence to risk policies/ processes in the business and plan corrective actions as needed
Plan regular audit of rules to ensure adequate business control and put to minimize risk
Process improvement
·         Develop new processes to reduce the risk and achieve more velocity in the business by bringing market intelligence and adopting best practices
·         Plan projects by leveraging analytics technology databases to build automated and rule-based decision making in operations with a view to minimize risk in business transactions and improve predictability of risk
·         Liaison with business heads to implement process changes which mitigate risk and work with them to champion the change within their team.
Effectively manage stakeholder relationships across stakeholders and board committee
Ideal Experience
·         We look for an experienced risk management leader with 15+ y ears of demonstrable experience in multi-stakeholder environments, incl. exposure to C-level, board level audiences and matrix structures
·         The suitable candidate should have prior experience of leading enterprise risk in financial services, preferably in fintech, payments or other regulated industries; at the same you understand the expectations of working in an entrepreneurial environment
·         You clearly understand risk from multiple angles: from financial to non-financial risk, from operational to technology risk, from security, to privacy to compliance and financial crime related risks
·         You should have a passion for the role and have a credible ambition to enable a successful journey for PayU by providing senior management and the board with assurance and advice on the adequacy of the business' control activities; you partner effectively with business and control functions across the organization
About us
At PayU, we are a global fintech investor and our vision is to build a world without financial borders where everyone can prosper. We give people in high-growth markets the financial services and products they need to thrive. Our expertise in 18 high-growth markets enables us to extend the reach of financial services. This drives everything we do, from investing in technology entrepreneurs, to offering credit to underserved individuals, to helping merchants buy, sell and operate online. Being part of Prosus, one of the largest technology investors in the world, gives us the presence and expertise to make a real impact. Find out more 

Our Commitment To Building A Diverse And Inclusive Workforce 
As a global and multi-cultural organization with varied ethnicities thriving across locations, we realize that our responsibility towards fulfilling the D&I commitment is huge. Therefore, we continuously strive to create a diverse, inclusive and safe environment, for all of our people, communities and customers. Our leaders are committed to create an inclusive work culture which enables transparency, flexibility and unbiased attention to each and every PayUneer so they can succeed, irrespective of gender, color or personal faith. An environment where every person feels they belong, that they are listened to, and where they are empowered to speak up. At PayU we have zero tolerance towards any form of prejudice whether a specific race, ethnicity, or of persons with disabilities or the LGBTQ communities.