FRAUD RISK Management

ERM Placement Services; Mumbai; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

ERM Placement Services in Mumbai is seeking professionals with hands-on experience in Enterprise Fraud Risk Management (EFRM) implementation or configuration for external financial-services clients, including banks, NBFCs, fintechs and payments institutions.

The role involves end-to-end EFRM engagements, configuring detection rules, thresholds, workflows, and coordinating with clients and tech teams to deliver robust fraud controls. Prior exposure to leading fraud platforms is highly valued.

Qualifications

• 2–8 years of relevant experience in Fraud Risk Management / EFRM.
• Hands-on EFRM implementation or configuration for external banking/financial services clients.
• Experience with fraud-rule configuration and threshold setting.

Responsibilities

• Participate in end-to-end EFRM implementation, configuration and enhancement engagements.
• Configure fraud detection rules, scenarios, thresholds and monitoring workflows.
• Conduct fraud risk assessments and identify gaps in fraud prevention and detection controls.
• Support EFRM deployment, integration, UAT, testing and production enhancements.
• Analyse fraud patterns, transactional data and alert performance.
• Optimise fraud detection rules to improve detection rates and reduce false positives.
• Prepare BRDs, functional documentation, test cases and client presentations.
• Work closely with client stakeholders, technology teams and risk functions.

Skills

Fraud Risk Management

EFRM implementation

Fraud-rule configuration

Scenario creation

Threshold setting

Workflow configuration

Data analysis

Tools

NICE Actimize

FICO Falcon

SAS Fraud Management

FIS

Job description

Job Summary

We are looking for professionals with hands-on experience in Enterprise Fraud Risk Management (EFRM) implementation or configuration for external financial-services clients, including banks, NBFCs, fintech companies and payment institutions.

Key Responsibilities

• Participate in end-to-end EFRM implementation, configuration and enhancement engagements.
• Configure fraud detection rules, scenarios, thresholds and monitoring workflows.
• Conduct fraud risk assessments and identify gaps in fraud prevention and detection controls.
• Support EFRM deployment, integration, UAT, testing and production enhancements.
• Analyse fraud patterns, transactional data and alert performance.
• Optimise fraud detection rules to improve detection rates and reduce false positives.
• Prepare BRDs, functional documentation, test cases and client presentations.
• Work closely with client stakeholders, technology teams and risk functions.

Mandatory Requirements

• 2-8 years of relevant experience in Fraud Risk Management / EFRM.
• Hands-on EFRM implementation OR configuration experience for external banking / financial-services clients.
• Practical experience in fraud-rule configuration, scenario creation, threshold setting or EFRM workflow configuration.
• Financial Services experience across banks, NBFCs, fintechs, payments or cards.
• Exposure to platforms such as NICE Actimise, FICO Falcon, SAS Fraud Management, FIS or equivalent.

Preferred

• Big 4 / Risk Advisory / Financial Services Consulting experience.
• EFRM implementation, deployment, integration or migration experience.
• Fraud rule optimisation and false-positive reduction.

Important: Pure AML/KYC operations, transaction monitoring alert investigation, fraud investigation or internal bank-side fraud operations without external-client EFRM implementation/configuration experience will not meet this requirement.