Job Description

Job Summary:

The Fraud Risk / AML Expert - Consultant will be responsible for monitoring, analyzing, and mitigating financial fraud risks across banking and digital payment ecosystems. The role involves advanced fraud pattern analysis, AML compliance, high-value fraud handling, and strengthening systems such as CFCFRMS. The position requires strong domain expertise in banking fraud, payment technologies, regulatory frameworks, and data-driven risk analysis.

Key Responsibilities:

Monitor and analyze fraud patterns across banking and financial systems. Perform CFCFRMS data analysis, exit mode analysis, system enhancements, and data corrections. Handle high-value fraud cases and support investigative and preventive actions. Develop, implement, and continuously improve AML programs to detect and prevent money laundering activities. Ensure compliance with applicable AML regulations, RBI and NPCI guidelines, and other relevant financial laws. Analyze transaction behavior to identify suspicious activities using rule-based and advanced analytical techniques. Support fraud risk mitigation initiatives through reporting, system optimization, and stakeholder coordination. Prepare analytical reports, advisories, and recommendations for fraud prevention and AML strengthening.

Skills & Requirements:

Bachelor's degree in any stream from a recognized university/institution. Relevant certifications in Fraud Risk Management, Anti-Money Laundering (AML), Fintech, Accounting, or Finance. Minimum 3 years of experience in the banking and financial services domain, with a focus on fraud risk analysis and AML. Experience in analyzing fraud using data analytics and machine learning-based fraud detection techniques. Strong understanding of digital payment technologies such as UPI, IMPS, AePS, and related transaction ecosystems. Working knowledge of RBI and NPCI regulations related to payments, fraud prevention, and AML compliance. Familiarity with cyber security concepts related to financial fraud. Strong analytical, documentation, and communication skills.
Job Type: Full-time

Benefits:

Provident Fund
Work Location: In person