Manager AML Specialist

The Manager for Merchant Risk Management will serve as a dual-role Merchant Underwriter and AML Specialist, responsible for evaluating merchant risks and ensuring compliance with payment gateway standards and AML regulations. This position focuses on preventing financial crimes while managing e-commerce merchant portfolios within the Indian regulatory framework.Key Responsibilities

• Conduct comprehensive reviews of customer accounts and transactions to identify suspicious behavior per Indian AML regulations and FIU guidelines
• Develop AML transaction monitoring strategies for all payment methods (credit/debit cards, UPI, net-banking, wallets)
• Implement FIU guidelines and prepare/submit STRs to FIU-IND and regulatory bodies
• Ensure timely action on all AML transaction monitoring alerts and system-generated investigations
• Conduct thorough merchant underwriting at pre-onboarding level, evaluating business models and fraud exposure
• Monitor existing merchant performance and implement risk mitigation strategies
• Make approval/decline decisions for merchant applications or escalate to senior management
• Collaborate with sales, compliance, and fraud prevention teams for seamless onboarding
• Generate regular reports on underwriting activities, risk trends, and merchant risk analysis
• Develop and refine underwriting policies, procedures, and SOPs
• Review merchant websites for prohibited products and compliance with regulatory guidelines
  
  

Technical Skills & Qualifications

• Bachelor's degree in Finance, Business, Economics, or Risk Management (Master's preferred)
• 5-10 years of experience in AML transaction monitoring & Merchant Credit Risk in acquiring, banking, or payments industry
• Strong knowledge of Indian FIU guidelines, AML regulations, and reporting requirements
• Expertise in merchant acquiring business and payment products (cards, UPI, wallets)
• Proficiency in fraud concepts, process flows, and analytical tools
• Experience with MS Office tools (Excel, PowerPoint) and query development
• Location: Mumbai