Risk Control Principal Product Specialist

About the role

In this role, you will be responsible for managing the roadmap for risk control systems related to fiat transactions, ensuring effective fraud detection and AML compliance. You will design mechanisms for monitoring transactions and optimizing user experiences while minimizing risk.

Bybit is a leading cryptocurrency exchange with a commitment to innovation and user-centric solutions. You will work alongside a global team in a fast-paced environment, driving impactful changes in digital finance through technology and collaboration.

Skills that matter here

• risk control: This role involves owning the lifecycle of risk control products and designing mechanisms for effective fraud detection.
• fraud prevention: You will focus on creating strategies to detect and mitigate fraudulent activities in fiat transactions.
• AML: The position requires translating AML requirements into product capabilities and ensuring compliance.
• data analysis: Strong data analysis skills are essential for evaluating risk strategies and product effectiveness.
• SQL: You will use SQL for data extraction and analysis to inform risk control decisions.
• Python: Python will be used for data visualization and enhancing risk control mechanisms.

Who this role suits

• You have a background in risk control product design with experience in high-volume transaction environments.
• You thrive in high-pressure situations and possess strong problem-solving and communication skills.
• You are rigorous, responsible, and capable of driving alignment across teams, especially with Compliance and Operations.
• You are comfortable discussing system design and collaborating with engineers to implement risk strategies.

From the employer

Key Responsibilities

• Own the roadmap for fiat and payment risk control systems, including transaction monitoring and fraud detection
• Design and iterate on core mechanisms such as rule engines, decision flows, risk tiering, holds and releases, and automated interdiction
• Define the logic behind risk parameters (limits, velocity thresholds, triggers, escalation paths) and balance risk coverage against user friction
• Design controls that operate under high concurrency and strict latency requirements across fiat on/off-ramp, card acquiring, card issuing, and payment transaction risk control
• Work with Engineering on real-time data pipelines, rule execution performance, fallback and degradation strategies, and stability under peak load
• Detect and close gaps around abnormal patterns such as velocity abuse, account takeover, card fraud, chargebacks, mule accounts, and structuring
• Use AI to improve user conversion rates and reduce blockers in risk control flows
• Optimize risk-related communications delivered to customers during transactions
• Use AI to proactively guide users through document submission and identity verification, helping them resolve account restrictions or blocks imposed by risk controls
• Explore risk control requirements across business scenarios; combine industry trends and company strategy to set long-term plans and short-term iteration goals
• Produce high-quality PRDs that define functionality, performance, security, and other standards
• Lead prototype design and implementation; coordinate Technology, Data, Compliance, and Operations to deliver on time and at quality
• Communicate the value and usage guidelines of risk products, answer questions, and ensure risk strategies are implemented effectively across business lines
• Translate AML requirements into product capabilities, including transaction monitoring scenarios, sanctions and watchlist screening, and suspicious activity workflows
• Support audit and regulatory inquiries with clear documentation of risk logic
• Continuously monitor product data and evaluate the effectiveness of risk strategies and product features
• Define metrics (false positive rate, interception rate, fraud loss rate, case handling time, decision latency) and drive data-based iteration
• Run back-testing and A/B validation before rule or model rollout
• Build feedback loops between case management, operations, and strategy tuning; support incident handling, root cause analysis, and post-incident reviews.

Requirements

• Bachelor's degree or above in Computer Science, Mathematics, Statistics, Finance, Engineering, or a related field
• 3+ years of experience in risk control product design, with familiarity with the risk control processes of at least one field such as payments, credit, or e-commerce; experience in high-volume transaction environments strongly preferred
• Has led complete risk control product design and launch projects
• Hands-on experience in risk strategy formulation, model building, and rule engine design
• Solid understanding of fraud and AML mechanisms: rule engines, risk scoring, transaction monitoring, sanctions screening, and real-time decisioning
• Familiarity with fiat payment flows, including card schemes (Visa/Mastercard), bank transfers, chargebacks, and payment fraud typologies
• Familiar with risk control technologies and tools (risk models, anti-fraud systems, decision engines) and the application of machine learning in risk control
• Strong data analysis skills: SQL and Python for data extraction, analysis, and visualization
• Able to discuss system design (latency, throughput, data consistency) credibly with engineers
• Familiar with financial regulations and regulatory policies, with a strong sense of compliance
• Strong logical thinking, problem-solving, communication, and coordination skills; able to drive alignment with Compliance and Operations
• Rigorous and responsible, with strong stress resistance in high-pressure environments
• Fluent English; Mandarin is a plus.

Why Join Us

• Study Growth Fund: We support your professional development and continuous learning.
• Internal Events: Participate in regular team-building activities, workshops, and events designed to promote collaboration and innovation.
• Global Collaboration: Be part of a diverse, international team, working alongside colleagues from around the world.
• Career Advancement: Access opportunities for growth and advancement within a rapidly expanding global company.
• Internal Mobility: Grow with us- Your long-term development is important to us. We offer internal job opportunities to help build your career path.