Job Description

Job Title: Fraud Risk Analyst
Experience Required: 58 Years
Industry: Banking / Non-Banking Financial Company (NBFC)Position Overview:
The Fraud Analyst is responsible for identifying, monitoring, and investigating suspicious activity to prevent fraud-related losses. The ideal candidate will have a solid understanding not only of fraud risk management, but also of credit and operational risk frameworks within financial institutions. By leveraging data analytics, industry best practices, and knowledge of various risk domains, the Fraud Analyst will detect emerging threat patterns, support the refinement of risk mitigation strategies, and ensure full compliance with internal policies and regulatory expectations.Key Responsibilities: * Fraud Detection & Monitoring:

• Utilize fraud detection systems (EWS), analytical tools, and rule-based alerts to identify unusual or suspicious patterns in transactions, customer profiles, and lending portfolios.
• Continuously review and enhance detection rules, thresholds, and models to effectively capture new and evolving fraud typologies.
• Comprehensive Risk Analysis:

• Integrate fraud risk insights with credit and operational risk assessments, ensuring a holistic understanding of the organizations risk profile.
• Identify linkages between fraudulent activities and credit defaults or operational breakdowns to strengthen overall risk mitigation measures.

• Proactively coordinate with credit risk teams to address vulnerabilities that may increase the likelihood of fraud. Conduct regular reviews of fraud cases to uncover correlations with credit defaults and operational losses, driving continuous improvement in risk management practices.
• Case Management:

• Collaborate with fraud investigation teams to ensure that investigative findings lead to control enhancements and process improvements.
• Maintain accurate records of all investigative steps, outcomes, and recommendations for auditing and regulatory purposes.
• Data-Driven Insights & Reporting:

• Leverage advanced data analytics and visualization tools to identify fraud trends, quantify impacts, and derive actionable insights.
• Prepare regular and ad-hoc reports for management, highlighting fraud trends, credit risk exposures, operational vulnerabilities, and the effectiveness of implemented controls.
• Offer input into the development of predictive models incorporating fraud, credit, and operational risk variables.
• Compliance & Regulatory Adherence:

• Ensure all investigative activities comply with extant regulatory fraud risk guidelines, data privacy regulations, and other applicable laws.
• Regulatory reporting of frauds, robbery and theft cases
• Contributing towards risk departments reports to various management and Board committees for areas of fraud, robbery and theft and credit and operational risks.
• Keep abreast of regulatory changes affecting fraud, credit, and operational risk management, adjusting strategies and protocols as necessary.
• Cross-Functional Collaboration & Training:

• Work closely with Fraud Investigation, Crisis Management, HR and compliance teams to ensure integrated risk management and consistency in decision-making processes.
• Provide training and guidance to frontline staff, customer service teams, and back-office functions on detecting red flags related to fraud, credit misuse, and operational lapses.
• Collaborate with IT and product development teams to implement fraud prevention controls at the system and process design stages.

Qualifications & Skills:

• Education: Post-graduate or Bachelors degree in Finance, Accounting, Economics, Business Administration, or a related field.
• Experience: 58 years of experience in fraud risk management within Banks or NBFCs, with demonstrated exposure to credit and operational risk frameworks.
• Technical Expertise: Proficiency in fraud detection systems, data analytics tools (e.g., SQL, Excel, BI tools), and understanding of credit risk scoring models, operational controls, and machine learning-based detection methods.
• Regulatory & Industry Knowledge: Familiarity with relevant banking/NBFC regulations, and industry best practices in fraud, credit, and operational risk management.
• Analytical & Problem-Solving: Strong data analysis, critical thinking, and investigative skills, with the ability to connect dots across multiple risk domains.
• Communication & Collaboration: Excellent verbal and written communication skills, with the ability to present complex findings to diverse audiences and influence cross-functional stakeholders.
• Certifications (Preferred): CFE (Certified Fraud Examiner) or related certifications.

This role is integral to sustaining the institutions integrity, ensuring effective risk management, and protecting customers and stakeholders from financial harm.

Ciel HR