Risk and Fraud Analyst

Job Title: Risk and Fraud Analyst

Location: Bangalore, India

Job Type: Full-Time

Department: Risk and Compliance

Job Summary:

We are seeking a detail-oriented and analytical Risk and Fraud Analyst to join our Risk and Compliance team. The ideal candidate will have experience in monitoring and analyzing merchant activity to detect, investigate, and mitigate fraud and financial risks. This role requires a solid understanding of Merchant KYC (Know Your Customer) processes, Anti-Money Laundering (AML) policies, and fraud detection methodologies. Experience in internal audit is highly desirable.

Key Responsibilities:

• Monitor merchant transactions and behavior patterns to identify suspicious activity and potential fraud.
• Conduct comprehensive Merchant KYC reviews to ensure compliance with regulatory standards and internal policies.
• Assist in the implementation and refinement of AML programs, including transaction monitoring and enhanced due diligence processes.
• Investigate fraud alerts and escalations, prepare detailed reports, and recommend remedial actions.
• Collaborate with cross-functional teams such as Compliance, Legal, and Customer Support to resolve fraud-related issues.
• Support the execution of internal audits, including risk assessments, control testing, and documentation of findings.
• Analyze data to identify emerging fraud trends and contribute to fraud risk modeling efforts.
• Participate in the development and enforcement of risk and fraud mitigation policies and procedures.
• Maintain up-to-date knowledge of regulatory requirements, industry best practices, and fraud typologies.

Qualifications:

• Bachelor's degree in Finance, Business, Economics, Accounting, or a related field.
• 3–5 years of experience in risk analysis, fraud detection/prevention, or a related compliance role.
• Mandate experience working in Fintech specially into PA, PG's etc related products
• Knowledge of Merchant KYC processes and regulatory requirements.
• Working understanding of AML regulations and best practices.
• Familiarity with fraud detection tools, systems, and investigative techniques.
• Experience with or exposure to internal audits, especially in a financial or fintech environment.
• Strong analytical and problem-solving skills with attention to detail.
• Proficiency in Excel and data analysis tools; experience with SQL or BI tools is a plus.
• Strong verbal and written communication skills.