Fraud Detection Analyst (Need Immediate Joiners)

Xforia Technologies; Hyderabad, Bengaluru; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

Xforia Technologies is seeking a Fraud Investigator to detect and investigate financial fraud. The role includes night shifts as required by client needs and involves 360 reviews, real-time decisions on fraud strategy, and adherence to regulatory requirements.

Responsibilities include analyzing patterns across banking and payments, coordinating with internal/external teams, and maintaining thorough case records. A Bachelor’s degree is required; Master’s is preferred.

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 and identify high-risk attributes.
• 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 or suspicious patterns.
• Conduct in-depth investigations into potential fraud cases with evidence gathering.
• Perform 360 Reviews on alerts triggered by fraud-type thresholds.
• Review and mitigate fraud risks across core banking, payments, and account-opening processes.
• Investigate whistleblower complaints concerning account hijacking and transactional frauds.
• Collaborate with internal and external counterparts to complete end-to-end alert reviews and SAR filings.
• Analyze data trends to determine next actions (case closure, reimbursements, escalation).
• Adjudicate fraud types and apply mitigation steps per policies and procedures.

Skills

Fraud detection

Investigations

Transaction Monitoring

Research & analysis

MS Office

Education

Bachelor's Degree

Master’s degree/MBA

Tools

Fraud detection software

Job description

Fraud Investigator responsible for Detecting and investigating financial fraud

Shift: Night shift is mandatory and subject to change a per clients 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 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

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

Desired Educational Qualification

• Bachelor’s Degree

Preferred Educational Qualification

• Master’s degree/MBA

Desired Certifications:

• CFE
• CAMS
• CRP