Fraud Analyst

FORNAX TECHNOLOGY SERVICES PRIVATE LIMITED; Hyderabad, Bengaluru; On-site; INR 800,000 - 1,000,000; Full time

Job summary

FORNAX TECHNOLOGY SERVICES PRIVATE LIMITED in Hyderabad seeks an experienced Fraud Analyst to analyze financial transactions and identify unusual patterns, conduct in-depth investigations, and perform 360 reviews on alerts.

You will collaborate with internal and external teams, apply mitigation steps, and help shape real-time fraud decisions across various payment channels.

Responsibilities

• Analyze financial transactions and account activity to identify unusual or suspicious patterns.
• Conduct in-depth investigations into potential fraud cases, gathering evidence.
• Perform 360 reviews on alerts triggered by fraud-threshold violations (ATO, PTO, TOA, ID Theft, etc.).
• Perform 360 fraud reviews on customer profiles to detect and mitigate core banking, payments, fraud, and account-opening red flags.
• Implemented solutions to fraud across ATOs, P2P payments, ACH/kiting, check kiting, and wire fraud.
• Investigate whistleblower complaints about account hijacking, transactional frauds, funds transfers, checks and ACH transactions with real-time credit decisions.
• Combine retroactive analysis with current fraud controls to implement real-time decisioning for fraud strategy.
• Liaise with internal and external counterparts to perform end-to-end alert reviews from fraud alert generation to SAR filing.
• Analyze data trends and out-of-pattern activities to decide case closure, reimbursements, or escalation.
• Adjudicate fraud type and apply mitigation steps per policies and procedures.

Job description

Job Summary:

• Analyze financial transactions and account activity to identify unusual activity to identify unusual or suspicious patterns.
• Conducting in-depth investigations into potential fraud cases, which may involve gathering evidence.
• Performing 360 Reviews on the Alert which has been triggered due to violation of threshold set for the systems for Fraud types (i.e.- ATO, PTO, TOA, ID Theft, ATO Scam, First Party Frauds etc.)
• Conduct 360 fraud reviews for the customers profiles and responsible for detecting and mitigating core banking, payments, fraud, and account opening red flags. Implemented solutions to fraud problems across ATO’s, P2P Payments, ACH kiting, check kiting, and wire fraud
• Multiple investigations into whistle blower complaints concerning account hijacking, transactional frauds, funds transfer return, checks (RDC, Thea) or ACH transactions that provided real time decisions on credit cards, loans, and Zelle fraud red flags
• Combined retroactive analysis with current state fraud control assessments to implement technology and process framework that provided real time decisions on fraud strategy and overall fraud assessment
• Liaison with internal and external counterparts to perform end-to-end alert reviews (360 review) from fraud alert generation through to SAR filing.
• Analyze data trends and out of pattern activities to assimilate the next course of action (Case closure, Reimbursements, or escalation)
• Adjudicate the fraud type and apply relevant mitigation steps basis policies and procedures