Fraud Analyst-1

FirstRand Limited; India; On-site; INR 600,000 - 900,000; Full time

Job summary

FirstRand Limited in India seeks a Fraud Risk Analyst to implement and sustain robust fraud risk management processes across the business. You will identify, assess, and mitigate threats to assets, revenue, and operational integrity while collaborating with stakeholders to deliver effective fraud prevention solutions.

You will analyze incidents, extract lessons learnt, present findings via reports, and help develop policies and contingency plans.

Qualifications

• Proven experience in fraud analysis or risk management.
• Strong analytical, investigative and stakeholder engagement skills.
• Knowledge of fraud prevention methodologies, legislation, and industry trends.
• 1-3 years' experience in Fraud

Responsibilities

• Implement and sustain robust fraud risk management processes across the business.
• Identify, assess, and mitigate threats to assets, revenue, and operational integrity.
• Extract, share insights and recommendations from root cause analysis to improve fraud prevention.
• Present ideas via reports and presentations, outlining findings and recommendations.
• Develop and maintain risk policies and contingency plans.
• Communicate accurate fraud analytics to key stakeholders and update relevant systems.

Skills

Fraud analysis

Risk management

Analytical skills

Stakeholder engagement

Investigative skills

Fraud prevention methodologies

Education

Relevant qualification

Job description

Job Description

Implement and sustain robust fraud risk management processes that enable the business to identify, assess, and mitigate threats to assets, revenue, and operational integrity. Work with business stakeholders to ensure efficient and effective fraud risk solutions. Extract, share insights, lessons learnt and recommendations from root cause analysis applied in fraud cases to inform further fraud prevention improvements across a wide range of processes and systems, regulation and policies. Delivery of preliminary risk investigations and processing of all identified risks by participate in research and development of risk assessments. Present ideas via reports and presentations, outlining findings and making recommendations for improvements. Propose and implement new and improved models and methodologies by maintaining and developing risk policies and procedures including development of contingency plans to deal with emergencies. Conduct fraud analysis activities in line with applicable laws, policies and procedures stipulated in the business. Manage personal development to increase own skills and competencies. Maintain expert knowledge on relevant legislative amendments, industry best practice and provision of proactive advice and solutions to relevant stakeholders. Compile and communicate accurate and timely fraud analytics function reports to and keep key stakeholders informed of required fraud information including updating relevant information systems accessed by the fraud community. Be involved with implementing and managing risk mitigation programs as directed from time to time by management. Ensure policies and procedures meet the business and risk requirements. Deliver exceptional service that exceeds customers' expectations through proactive, innovative and appropriate solutions.

Qualification and Experience

Proven experience in fraud analysis or risk management. Strong analytical, investigative and stakeholder engagement skills. Knowledge of fraud prevention methodologies, legislation, and industry trends. 1-3 years' experience in Fraud A relevant qualification

Closing Date

Important Closing Date Note Take note that applications will not be accepted on the below date and onwards, kindly submit applications ahead of the closing date indicated below. 07/09/26

Equal Opportunity Statement

All appointments will be made in line with FirstRand Group’s Employment Equity plan. The Bank supports the recruitment and advancement of individuals with disabilities. In order for us to fulfill this purpose, candidates can disclose their disability information on a voluntary basis. The Bank will keep this information confidential unless we are required by law to disclose this information to other parties.

Company Overview

FirstRand provides a comprehensive range of financial services in South Africa and certain markets in broader Africa. The group also offers certain niche products and services in the UK and India. Listed on the Johannesburg Stock Exchange (JSE) and the Namibian Stock Exchange (NSX), FirstRand Limited is the largest financial institution by market capitalisation in Africa. The group follows a multi-branding approach. Its portfolio of financial services businesses includes FNB, RMB, WesBank, Ashburton Investments, Aldermore, MotoNovo and DirectAxis. Many are leaders in their respective segments and markets, offering transactional, lending, investment and insurance products and services The FirstRand Corporate Centre houses many of the critical functions required by a large and complex financial services group. The group’s track record of delivering superior returns to shareholders has been achieved through a combination of organic growth, acquisitions, innovation and the creation of completely new businesses. The group’s purpose of delivering Shared Prosperity provides many opportunities for employees to innovate to address social and environmental challenges in our markets. All of our businesses have successful Volunteering programmes which also allow employees to adopt and support causes close to their hearts.