Fraud Analyst
Full Job Description
We are seeking a skilled Fraud Analyst to join our team at Teamware Solutions in Mumbai. In this crucial role, you will be responsible for the identification, investigation, and prevention of fraudulent activities across various banking products and digital platforms. You will leverage your analytical expertise to examine financial information, support informed commercial decisions, and meticulously monitor financial movements.
Key Responsibilities
Fraud Detection, Alert Analysis & Case Management
- Review alerts generated by surveillance systems to detect emerging fraud patterns, typologies, and schemes across diverse payment channels including ACH, wire transfers, card transactions, and cryptocurrency.
- Conduct in-depth analysis of customer profiles, behavioral patterns, and transaction data to assess and identify potential fraud risk indicators.
- Meticulously document all findings and escalate complex cases for further in-depth investigation as required.
- Collaborate closely with client Fraud Risk and Compliance teams to optimize monitoring scenarios and adjust detection thresholds.
- Propose and implement process enhancements and control improvements to minimize false positives and significantly strengthen our fraud detection capabilities.
Quality, Collaboration & Reporting
- Ensure that all reviewed alerts, conducted investigations, and escalated cases adhere to stringent quality standards and meet all required documentation protocols.
- Work in partnership with investigators, compliance officers, and data analytics teams to enhance the effectiveness and outcomes of fraud investigations.
- Provide valuable insights into current fraud trends and contribute to the development of comprehensive management reports and dashboards for strategic decision-making.
Qualifications & Experience
Education: A Bachelor's degree is required, with a preference for degrees in Finance, Accounting, Criminology, Risk Management, or a related field.
Experience: A minimum of 3-5 years of experience in transaction monitoring, fraud risk management, or financial crime investigations within the banking, fintech, or consulting/advisory sectors.
Preferred Skills: Familiarity with digital asset and cryptocurrency transactions is a strong plus.
Technical Skills
- Proficiency in using transaction monitoring systems such as Unit 21, Actimize, SAS AML, FIS, Oracle Mantas, or comparable platforms.
- Strong command of Microsoft Excel and advanced data analysis skills, with the ability to effectively manage large datasets and identify anomalies.
- Solid understanding of common fraud typologies.
- Knowledge of various fraud detection techniques, including but not limited to account takeover, first-party fraud, mule account identification, and social engineering tactics.
Company