Product Manager - Risk & Fraud
About Aspora
People on the move deserve a bank that moves with them. Since 2022, Aspora has been building a borderless financial operating system that makes money as mobile and transparent as its users.
Backed by influential venture capitalists like Sequoia Capital, Greylock Partners, Hummingbird Ventures, Y Combinator & Global Founders Capital. We're a team of 75+ across India, the UK, the UAE, EU and the US, working with extreme ownership, radical candour, and an obsession with customer impact.
We celebrate builders who question assumptions, ship fast, and turn regulatory complexity into elegant solutions. If you’re driven to redefine what global banking can be, we’d love to build the future with you.
About the Role
As our Risk & Fraud Product Manager, you'll lead the strategy and execution of Aspora's FinCrime prevention platform across our US, UK, UAE, and India operations. You'll own the complete lifecycle of financial crime risk management—from customer onboarding and transaction monitoring to fraud detection and regulatory reporting—building systems that protect our customers and business while maintaining exceptional user experiences.
This is a high-impact role where you'll work at the intersection of regulatory compliance, product innovation, and operational excellence. You'll translate complex multi-jurisdictional regulations (BSA/AML, GDPR, GLBA, DPDP Act, PDPL) into elegant product solutions, partner with engineering teams to build real-time risk systems, and collaborate with compliance and operations teams to drive continuous improvement in fraud prevention effectiveness.
What You'll Do
Own the product roadmap for transaction monitoring, KYC/KYB, sanctions screening, fraud detection, and regulatory reporting across all markets
Design and ship real-time risk management systems that handle high transaction volumes across multiple payment rails (ACH, SWIFT, card networks) while minimizing false positives
Partner with Compliance, Legal, and Operations teams to translate regulatory requirements into product specifications and build automated compliance workflows
Drive strategic initiatives to reduce payment return rates, chargebacks, and fraud losses through pre-authorization checks, ML-based detection models, and automated recovery mechanisms
Build comprehensive analytics frameworks using Metabase and SQL to monitor fraud patterns, analyze return codes (R03, R01, R07), and measure risk metrics across the platform
Lead vendor evaluations and integration efforts for key capabilities like identity verification, transaction monitoring, and screening solutions
Define data classification, retention, and sharing policies that comply with multi-jurisdictional data protection regulations
Create executive dashboards and reporting frameworks to communicate risk metrics, compliance status, and operational performance to leadership and regulatory authorities
Establish risk appetite frameworks, key metrics, and success criteria for fraud prevention effectiveness and operational efficiency
Design efficient alert investigation, case management, and SAR/STR filing workflows that scale with business growth
What We're Looking For
6-8 years of product management experience, with at least 3 years focused on FinCrime, risk management, fraud prevention, or compliance in financial services or fintech
Deep understanding of AML/BSA regulations, KYC requirements, sanctions screening, and financial crime typologies across multiple jurisdictions
Proven track record of building and scaling risk management platforms or fraud prevention systems at high-growth companies
Strong technical background with ability to work effectively with engineering teams on complex, data-intensive systems and real-time transaction monitoring
Experience with rule engines, ML-based fraud detection, risk scoring models, and automated compliance workflows
Excellent analytical skills with proficiency in SQL, data analysis, and business intelligence platforms (Metabase, Tableau, or similar)
Outstanding communication skills with ability to influence stakeholders across compliance, operations, technology, and executive leadership
Self-starter with high agency mindset who thrives in ambiguity and can drive initiatives from concept to production
Experience working in cross-border payment environments with understanding of payment regulations and risk patterns
Nice to Have
CAMS (Certified Anti-Money Laundering Specialist) or CFCS (Certified Financial Crime Specialist) certification
Experience implementing vendor solutions like SumSub, Sardine, ComplyAdvantage, Unit21, or similar platforms
Background in traditional banking compliance or fintech regulatory programs
Hands-on experience with Python, data pipelines, or ML model development
Knowledge of regional payment systems and fraud patterns in US, UK, UAE, and India markets
Understanding of distributed systems architecture for multi-regional compliance platforms
Prior experience managing cross-border remittance, FX, or multi-currency payment operations
Why Join Aspora
Build products that power global money movement while protecting millions of customers from financial crime
High ownership, high impact, and real responsibility in shaping risk strategy across four markets
Opportunity to work with a globally distributed team of compliance, engineering, and operations experts
Competitive compensation, benefits, and ESOPs
A culture that values speed, clarity, and customer obsession—where regulatory complexity becomes elegant solutions
What Success Looks Like
First 3 months: Deep understanding of Aspora's risk landscape, regulatory requirements across all markets, and current fraud patterns; ship meaningful improvements to existing detection or monitoring capabilities
6 months: Own the FinCrime product roadmap with clear prioritization; launch at least one major initiative that measurably reduces fraud losses or improves operational efficiency; establish strong partnerships with compliance and engineering teams
12 months: Demonstrate significant impact through reduced return rates, improved fraud detection accuracy, and streamlined compliance workflows; build scalable risk infrastructure that supports business growth; become the go-to expert for financial crime prevention across the organization