Fraud Analyst - Risk Management - BFS

Job Title: Fraud Analytics

Job:

The Fraud Risk Management Analyst will play a pivotal role in safeguarding the company against fraudulent activities and mitigating associated risks. This position involves comprehensive analysis, monitoring, and implementation of strategies to prevent, detect, and respond to potential fraud incidents.

Responsibilities:

- Conduct thorough analysis of transactional data, patterns, and trends to identify potential fraudulent activities, like first-party fraud risk.

- Develop and maintain fraud detection systems and tools to proactively mitigate risks.

- Investigate suspicious activities and transactions, determining root causes and developing strategies and statistical models to prevent future occurrences.

- Implement and manage fraud detection technologies and tools, ensuring optimal functionality and efficiency.

- Generate reports and presentations outlining fraud risks, incidents, and mitigation strategies for management review.

- Collaborate with cross-functional teams, including risk management, operations, and compliance, to enhance fraud prevention measures.

- Monitor industry trends, regulatory changes, and best practices to continually enhance fraud prevention strategies.

- Utilize data analytics tools and methodologies to conduct in-depth assessments and generate reports on first-party fraud trends and potential vulnerabilities.

- Stay updated on industry trends, emerging threats, and best practices related to first-party fraud prevention.

- Work closely with law enforcement and regulatory agencies, when necessary, to address instances of first-party fraud.

Qualifications:

- Degree in Business, Finance, Accounting, or related field. Master's degree or certifications in fraud examination or risk management is a plus.

- 3+ years of proven experience in fraud prevention, risk management, or a related field, with a specific focus on first-party fraud.

- Familiarity with fraud detection software, risk assessment methodologies, and regulatory compliance.

- Excellent communication and presentation skills with the ability to convey complex information clearly and concisely.

- Detail-oriented with a proactive mindset toward problem-solving and risk mitigation.

- Ability to work collaboratively in a cross-functional team environment.

Knowledge of first-party fraud schemes, methodologies, and detection/prevention strategies.

Essential skill:

- Skill: Risk management professional with experience in Fraud risk (preferably) or Credit risk

- Tools: Significant experience working with analytical tools, worked on statistical models / strategies

- WFH/Hybrid

- Shift timings: 1pm-10pm India time