PayU has appointed Pramod Rao as its new Chief Risk Officer (CRO). In his new role, he will be responsible for developing and overseeing risk management strategies, ensuring regulatory compliance and enhancing the company’s financial and operational risk frameworks. His expertise in enterprise fraud risk management and compliance is expected to strengthen PayU’s commitment to secure and seamless financial transactions.
Anirban Mukherjee, CEO, PayU, expressed enthusiasm about Rao’s appointment, highlighting the importance of robust risk management in the rapidly-evolving digital transaction landscape. Mukherjee noted that Rao’s extensive experience in financial security, regulatory compliance and fraud prevention will be instrumental in enhancing PayU’s risk framework and ensuring secure transactions for customers.
With over 27 years of experience in banking, financial services and telecommunications, Rao has held leadership roles at organisations including Axis Bank, Vodafone Idea, Citibank, IDBI Bank, ICICI Bank and HSBC.
Rao expressed his excitement about joining PayU, emphasising his commitment to advance the company’s vision of secure digital transactions. He acknowledged the dynamic nature of digital payments and the necessity of strengthening risk-management practices. He looks forward to collaborate with the PayU team to bolster security measures, drive compliance excellence, and support the company’s growth.
Rao’s academic credentials include a Postgraduate Diploma in Business Management from the University of Mumbai, specialisations in Cyber Law and Forensic Accounting and Fraud Examination, and executive leadership programmes at the Indian Institute of Management (IIM) Ahmedabad and the Kellogg School of Management.
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