Fraud Detection Analyst

Fraud Investigation & Detection Analyst/AML/Crime Investigation/ Bangalore/ Hyderabad

About the job

Job Title: Fraud Investigation & Detection Analyst

Location: Bangalore & Hyderabad (Hybrid Mode)

Experience: 1 To 4years

Key Responsibilities:

• Fraud Transaction Analysis: Analyze financial transactions and account activity to identify unusual or suspicious patterns that may indicate fraudulent activity.
• Fraud Investigations: Conduct in-depth investigations into potential fraud cases, gathering relevant evidence to substantiate findings and decisions.
• 360 Fraud Reviews: Perform comprehensive 360 reviews on alerts triggered by threshold violations across various fraud types, including Account Takeover (ATO), Phishing (PTO), ID Theft, First Party Fraud, and more.
• Core Banking Fraud Review: Detect and mitigate core banking, payments, fraud, and account opening red flags. Implement effective solutions to address fraud issues across ATO, P2P Payments, ACH Kiting, Check Kiting, and Wire Fraud.
• Whistleblower Complaints: Investigate complaints related to account hijacking, transactional frauds, funds transfer returns, and checks (RDC, Thea) or ACH transactions, providing real-time decisions on credit card, loan, and Zelle fraud.
• Fraud Strategy Development: Combine retroactive analysis with current fraud control assessments to implement technology and processes that ensure real-time fraud detection and risk mitigation.
• Cross-Functional Collaboration: Liaise with internal and external counterparts to perform end-to-end alert reviews, from fraud alert generation through to Suspicious Activity Report (SAR) filing.
• Data Analysis & Trend Identification: Analyze data trends and identify out-of-pattern activities, determining the appropriate course of action (case closure, reimbursements, escalation).
• Mitigation Steps: Adjudicate fraud types and apply relevant mitigation measures based on established policies and procedures.

Required Skills and Qualifications:

• 1-4 years of experience in fraud investigations, financial crime, or related fields.
• Strong understanding of SAR (Suspicious Activity Reports), AML (Anti-Money Laundering) investigations, and financial crime risk assessments.
• Experience in performing fraud investigations across various transaction channels, including banking, payments, and ACH.
• Familiarity with fraud detection tools, transaction monitoring systems, and the fraud investigation process.
• Analytical mindset with the ability to identify patterns, trends, and irregularities in financial data.
• Strong communication and report-writing skills to document investigations and collaborate with cross-functional teams.

Additional Information:

• Hybrid Work Mode: This position offers a hybrid work mode (combination of remote and office-based work).
• Location: Candidates must be based in Bangalore or Hyderabad.
• No Cab Facility: Please note that there is no cab facility available for this role.
  

Interested candidates can send their resumes to swagatika.s@twsol.com