Fraud & Payments Risk Analyst - 50820

Turing

Mumbai

On-site

INR 600,000 - 800,000

Part time

14 days+

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Benefits offered by this job

Fully remote environment

Cutting-edge AI projects

Potential for contract extension

Job summary

A forward-thinking technology company is looking for an entry-level Payments Processing specialist in Mumbai. The role involves validating AI outputs, mapping complex risk workflows, and ensuring compliance with financial regulations. Candidates should have 3+ years in payments operations or financial compliance, with strong analytical skills. This is a remote contractor position requiring 40 hours a week, with a possible contract extension.

Qualifications

3+ years in Payments Operations or Financial Compliance roles.
Proficient in industry-standard payment and risk systems.
Strong attention to detail regarding compliance and risk.
Understanding of using transaction data for ML models.
Excellent written English for procedural documents.

Responsibilities

Map and recreate payments and risk workflows.
Validate AI outputs in various risk scenarios.
Simulate fraud and compliance challenges.
Create detailed annotations for dataset improvement.

Skills

Payments Processing

Fraud/Risk Management

Financial Compliance

Risk Analysis

Data Security

Communication

Tools

Fraud Monitoring Tools

PSP platforms

AML software

Jira

Job description

About Turing:

Based in San Francisco, California, Turing is the world’s leading research accelerator for frontier AI labs and a trusted partner for global enterprises deploying advanced AI systems. Turing supports customers in two ways: first, by accelerating frontier research with high-quality data, advanced training pipelines, and top AI researchers who specialise in coding, reasoning, STEM, multilinguality, multimodality and agents; and second, by applying that expertise to help enterprises transform AI from proof of concept into proprietary intelligence with systems that perform reliably, deliver measurable impact and drive lasting results on the P&L.

Role Overview:

We are seeking analytical and highly regulated professionals with extensive hands‑on experience in Payments Processing, Fraud/Risk Management or Financial Compliance (AML, KYC). This critical role supports the development and benchmarking of Large Language Models (LLMs) by designing and validating workflows that directly impact transaction security, regulatory reporting, fraud detection rates and global payment success. The specialist will be crucial in recreating complex financial crime and payment scenarios to validate AI outputs and ensure strict adherence to financial regulations and risk mitigation policies.

What does day‑to‑day look like

Accurately map and recreate complex payments and risk operational workflows, covering transaction authorisation/settlement, chargeback/dispute handling, KYC/AML screening, sanctions checking and risk‑scoring protocols within payment systems.
Rigorously validate AI‑generated outputs in risk scenarios, such as fraud alert triaging, compliance documentation summaries, customer identity verification steps and regulatory reporting flags, ensuring strict adherence to PCI DSS, AML/KYC regulations and global financial standards.
Simulate critical risk and compliance challenges, including:
- Fraud Simulation: Testing AI detection and prevention capabilities against emerging fraud vectors, account takeover (ATO) and synthetic identity risks.
- Regulatory Reporting: Validating AI support for generating accurate and timely Suspicious Activity Reports (SARs) and other compliance documentation.
- Audit Trail Integrity: Performing structured reviews to ensure AI actions maintain a complete, auditable record for internal and external financial audits.
Provide detailed, structured annotations and high‑quality datasets derived from suspicious transactions, risk flags and regulatory filings to continuously improve LLM training and evaluation for better fraud prediction and automated compliance.

Requirements

Payments, Risk or Compliance expertise: Proven experience (3+ years) in a hands‑on role within Payments Operations, Fraud/Risk Analysis or Financial Compliance (e.g., AML Analyst, Chargeback Specialist, Payments Operations Analyst) in a regulated environment.
Risk system & workflow tool proficiency: High familiarity with industry‑standard payment and risk systems, including Fraud Monitoring Tools (e.g., Kount, Riskified), PSP platforms (e.g., Adyen, Stripe), AML software (e.g., World‑Check) or general workflow tools like Jira used to manage alerts and investigations.
Regulatory & data security detail orientation: Exceptional attention to detail with a strong understanding of how control failures or compliance breaches impact financial liability and regulatory standing. Ability to identify AI shortcomings that lead to inaccurate risk decisions or compliance violations.
Data utilisation for risk modelling: Conceptual understanding of how transaction data, behavioural data and compliance logs are used for training and evaluating Machine Learning models (LLMs) to drive real‑time risk decisions.
Communication & legal procedural excellence: Excellent written English required for creating precise, training‑quality procedural documents (SOPs) and meticulously validating the clarity, accuracy and legal compliance of AI‑generated alerts and customer/bank communication related to risk.

Perks of Freelancing With Turing

Work in a fully remote environment.
Opportunity to work on cutting‑edge AI projects with leading LLM companies.
Potential for contract extension based on performance and project needs.
Commitments required: 40 hours per week with overlap 4 hours with PST.
Engagement type: Contractor assignment (no medical/paid leave).
Duration of contract: 1 month, possibility to extend.
Location: India, Bangladesh, Egypt, Kenya, Mexico, Ghana, Nigeria and Turkey.

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