Fraud Analyst

Teamware Solutions Inc.; Hyderabad; On-site; INR 600,000 - 900,000; Full time

Job summary

Teamware Solutions Inc. in Hyderabad seeks an associate-level Fraud Investigator for Financial Crimes Investigation. The role involves analyzing transactions, detecting unusual activity, and conducting in-depth investigations with evidence gathering.

You will perform 360 reviews, liaise with internal and external partners, and support real-time decisioning on fraud strategies. Night shift is mandatory and may change per client requirements.

Qualifications

• Prior experience in Fraud detection and investigations.
• Transaction Monitoring experience preferred.
• Familiarity with the firm's internal systems and processes.
• Exceptional research and analytical skills with ability to analyze large amounts of data.
• Proficient in MS Office (Outlook/Word/Excel/PowerPoint).
• Maintaining detailed records of fraud cases and investigation outcomes.
• Ensuring compliance with relevant laws and regulations related to fraud detection and prevention

Responsibilities

• Analyze financial transactions and account activity to identify unusual patterns.
• Conduct in-depth investigations and gather evidence.
• Perform 360 Reviews on alerts triggered for fraud types per system thresholds.
• Conduct 360 fraud reviews for customer profiles and detect red flags in core banking, payments, and account opening.
• Investigate whistle blower complaints related to account hijacking, transactional frauds, and funds transfer risks.
• Combine retroactive analysis with current fraud control assessments to guide real-time decisions.
• Liaise with internal and external counterparts to complete end-to-end alert reviews from generation to SAR filing.
• Analyze data trends to determine next steps (case closure, reimbursements, or escalation).
• Adjudicate fraud types and apply mitigation steps per policy.

Skills

Fraud detection

Investigations

Data analysis

MS Office

Job description

Practice: Financial Crimes Investigation. Now, Managed Services in Risk & Reg.

Job Overview

Experience Range: 1 – 5 years (Associate / Sr. Associate)

Positional Requirement/Responsibilities

Fraud Investigator responsible for Detecting and investigating financial fraud .

Shift: Night shift is mandatory and subject to change a per client’s requirements.

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 customer’s 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

Qualifications:

• Prior experience in Fraud detection and investigations
• Transaction Monitoring experience is preferred
• Familiarity with the firm's internal systems and processes or similar processes at other institutions
• Exceptional research and analytical skills with the ability to analyze large amounts of data, decipher higher risk attributes (transactional, geographical, product, customer type, etc.) and develop well-reasoned recommendations
• Proficient in MS Office (Outlook/Word/Excel/PowerPoint)
• Maintaining detailed records of fraud cases and investigation outcomes.
• Ensuring compliance with relevant laws and regulations related to fraud detection and prevention