Fraud and Risk Analyst

Vartis Platforms; Mumbai; On-site; INR 600,000 - 1,200,000; Full time

Job summary

Vartis Platforms in Mumbai is seeking a Fraud Risk Analyst to monitor and mitigate fraud across the customer lifecycle. You will detect emerging patterns, analyze fraud profiles and translate complex scenarios into scalable, tech-driven solutions.

The role requires collaboration across teams to reduce losses while maintaining customer experience. The ideal candidate has 2-4 years in fraud risk, knowledge of payments and banking fraud, and a track record in risk assessments and remediation

Qualifications

• 2-4 years of fraud risk experience in supporting the first line of defence.
• Knowledge of fraud risks in payments and banking.
• Expertise in fraud typologies, controls, and regulatory frameworks.
• Experience across retail and business financial services.
• Proven track record delivering fraud risk assessments, gap remediation, and fraud prevention strategies.

Responsibilities

• Monitor fraud risk throughout the customer lifecycle and detect emerging patterns.
• Analyse fraudster profiles and types of fraud encountered (synthetic identities, money mules, etc.).
• Translate complex fraud risk scenarios into scalable, tech-driven solutions.
• Lead fraud risk reviews, control gap analysis, and remediation plans.
• Collaborate cross-functionally to execute high-impact fraud initiatives reducing losses.
• Enhance customer experience by remediating detriment caused by fraud controls.
• Develop and optimise fraud prevention strategies balancing experience and loss mitigation.

Skills

Fraud risk knowledge

Fraud typologies

Controls

Regulatory frameworks

Financial services

Tools

SQL

Python

Looker

Job description

Role : Fraud Risk Analyst

Experience Required: 1 3 Years

Notice Period: Less than 30 Days (Immediate joiners preferred)

What you'll be doing

• Monitoring fraud risk throughout the customer lifecycle to provide timely detection of emerging patterns in criminal activity
• Analysing fraudster profiles and types of fraud being encountered (synthetic identities, money mules, etc.)
• Translating complex fraud risk scenarios into scalable, tech-driven solutions
• Leading fraud risk reviews, control gap analysis, and remediation plans
• Collaborating cross-functionally to execute on high-impact fraud initiatives that reduce losses
• Enhancing customer experience by identifying and remediating customer detriment caused by fraud controls, while improving fairness, transparency, and complaint handling
• Developing and optimising fraud prevention strategies that balance customer experience with loss mitigation

What you'll need

• 2-4 years of experience in fraud risk or advisory, supporting the first line of defence
• Knowledge of fraud risks associated with payments, banking
• Expertise in fraud typologies, controls, and regulatory frameworks
• Experience across retail and business financial services
• A proven track record of delivering fraud risk assessments, gap remediation, and fraud prevention strategies

Nice to have

• Proficiency in using analytical tools (e.g., SQL, Python, Looker)