Hiring for Fraud Detection Analyst – Hyderabad
As a Fraud Detection Analyst, you will be responsible for analyzing financial transactions and customer account activities to identify and investigate suspicious patterns. The role involves conducting in-depth fraud investigations, performing risk assessments, and collaborating with internal and external teams to prevent fraudulent activities.
Responsibilities:
Fraud Detection & Investigation:
- Monitor and analyze financial transactions and account activities to detect unusual or suspicious patterns.
- Conduct in-depth fraud investigations, gathering evidence and documenting findings.
- Perform 360-degree reviews on fraud alerts triggered due to violations of fraud detection thresholds.
- Investigate fraud cases, including Account Takeover (ATO), Payment Takeover (PTO), Transfer of Account (TOA), Identity Theft, ATO Scam, First-Party Frauds, and other financial crimes.
Risk Management & Compliance:
- Detect and mitigate risks related to core banking, payments fraud, and account opening red flags.
- Assess and analyze fraud risks associated with ACH kiting, check kiting, wire fraud, and P2P payment fraud.
- Conduct whistleblower complaint investigations related to account hijacking, transactional frauds, and fund transfer fraud.
- Work on fraud control measures, implementing strategies to enhance real-time fraud detection and prevention.
Collaboration & Reporting:
- Liaise with internal teams, regulatory bodies, and financial institutions for end-to-end fraud alert reviews.
- Analyze data trends and identify fraud patterns to determine the appropriate course of action (case closure, reimbursement, or escalation).
- Prepare Suspicious Activity Reports (SARs) and ensure compliance with fraud risk policies and procedures.
Required Skills & Qualifications:
- 1 to 6 years of experience in fraud detection, AML investigations, financial crime analysis, or risk management.
- Strong understanding of financial crime regulations, fraud detection frameworks, and transaction monitoring tools.
- Experience in handling fraud cases related to banking, digital payments, and financial services.
- Proficiency in analyzing data trends, identifying fraud risks, and applying mitigation strategies.
- Strong problem-solving skills with attention to detail and the ability to make real-time fraud decisions.
Why Join Us?
- Fast-Growing Industry: Be part of a rapidly evolving field focused on financial crime prevention and risk management.
- Professional Growth: Gain hands-on experience in fraud detection technologies and global compliance frameworks.
- Impactful Work: Contribute to protecting businesses and customers from financial fraud and cyber threats.
- Collaborative Environment: Work alongside industry experts and collaborate with regulatory authorities for fraud risk mitigation.
