Head - Fraud Analytics - Banking Industry

Head - Fraud Analytics- Banking industry

One of the leading banks is hiring for a senior resource to lead the Anti-Fraud & AML team. This vertical contributes as a key line of defense to detect/prevent frauds & money laundering across products the bank offers. We leverage cutting edge AI/ML & Bigdata lake infra to detect the sparse suspicious patterns.

Primary responsibilities include:

- Develop and implement effective fraud/ money laundering transaction detection and prevention strategies to mitigate fraud losses and/or reputational loss out of irregularities by account holders; while ensuring an appropriate balance between risk, growth of book and customer experience.

- Proactively identify fraud detection & money laundering at the strategy and portfolio level and provide analytical/modelling solutions. Leverage customer data to build risk segmentation and mitigation strategies.

- The Lead must drive effective collaboration (should be able to work in an Agile - POD construct), stakeholder management & program management given involvement of multiple stakeholders

- Drive future ready solutions always keep on thinking and implementing innovative detection/prevention strategies ahead of perpetrators.

- This is a team lead role and requires grooming, mentoring & career progression of the team members

- Drive monthly reviews with senior management on the insights and analytical solutions implemented and its impact

- Drive end-to-end analytical processes to find answers to business problems, data marting/ preparation, and exploratory data analysis, up to testing hypotheses both by doing observational and/or experimental analysis.

Job Skills/Qualifications:

- Prior experience (8 + years) in the area of fraud analytics and/or AML analytics

- Should have exposure to the relevant metrics to track performance and fraud/AML risk health

- Strong story telling skill to synthesise sharp insights from the data

- Should have hands on experience in SAS, SQL and/or Python.

- Exposure to workflow systems like Falcon (FICO), Jocata, Clari5 is highly desirable.

- Excellent quantitative and analytic skills and data driven mind-set to formulate sound analytical construct to test different hypothesis

- Should have good communication, presentation and inter-personal skills

- Stay on top of industry trends and its impact