Fraud Risk Manager

Fibe; Pune District; On-site; INR 900,000 - 1,300,000; Full time

Job summary

Fibe in Pune is seeking an experienced Fraud Risk Manager to lead fraud prevention and detection strategies within its digital lending and payments ecosystem. The role requires a strong background in risk management, analytics, and regulatory compliance, with hands-on experience in digital payment platforms.

You will manage a team and collaborate across product, operations and tech to embed robust controls.

Qualifications

• Experience in fraud risk management within digital payments/FinTech
• Strong knowledge of RBI, PCI-DSS, AML/KYC
• Proficiency in SQL and Python/R for analytics
• Experience in leading and developing teams

Responsibilities

• Develop and implement fraud risk management frameworks for digital payment services
• Design and maintain real-time fraud monitoring using analytics and ML
• Investigate fraud cases and perform root-cause analysis
• Ensure compliance with RBI, PCI-DSS, AML and KYC guidelines
• Collaborate with product, operations and technology to embed controls
• Analyze transaction data to detect patterns and trends
• Lead and mentor a team of fraud analysts

Skills

Fraud risk management

Analytical thinking

Team leadership

Regulatory compliance

Education

Bachelor's degree in Finance, Risk Management, Data Analytics

Master's degree preferred

Tools

SQL

Python/R

Fraud detection tools

Job description

Job Title: Fraud Risk Manager Digital lending

Location: Pune
Experience: 12+ years
Domain: Digital Payments / FinTech / Banking

Reporting: CRO

Role Overview:

We are seeking an experienced Fraud Risk Manager to lead fraud prevention and detection strategies within

our digital lending/payments ecosystem. The ideal candidate will have a strong background in risk management,

fraud analytics, and regulatory compliance, with hands-on experience in digital payment platforms. This role also

involves managing a team and fostering a culture of integrity, collaboration, and continuous improvement.

Key Responsibilities:

• Fraud Risk Strategy: Develop and implement fraud risk management frameworks for digital payment products and services.
• Monitoring & Detection: Design and maintain real-time fraud monitoring systems using advanced analytics and machine learning models.
• Incident Management: Investigate fraud cases, perform root cause analysis, and recommend corrective actions.
• Policy & Compliance: Ensure adherence to regulatory guidelines (RBI, PCI-DSS, AML, KYC) and internal risk policies.
• Stakeholder Collaboration: Work closely with product, operations, and technology teams to embed fraud controls in payment workflows.
• Data Analysis: Utilize transaction data to identify patterns, anomalies, and emerging fraud trends.
• Vendor Management: Evaluate and manage third-party fraud prevention tools and solutions.
• Reporting: Prepare periodic fraud risk reports for senior management and regulatory bodies.
• People Management:
• Lead and mentor a team of fraud analysts and investigators.
• Set clear goals, provide regular feedback, and foster professional development.
• Build a high-performing team culture focused on accountability and innovation.

Required Skills & Qualifications:

• Bachelors degree in Finance, Risk Management, Data Analytics, or related field (Masters preferred).
• 5+ years of experience in fraud risk management within digital payments, banking, or FinTech.
• Strong understanding of payment systems (UPI, wallets, cards, net banking) and fraud typologies.
• Proficiency in SQL, Python/R, and fraud detection tools.
• Knowledge of AML, KYC, RBI guidelines, and global fraud prevention standards.
• Excellent analytical, problem-solving, and communication skills.
• Proven experience in team leadership and people development.

Preferred Certifications:

• Certified Fraud Examiner (CFE)
• Risk Management Certifications (FRM, CRMP)
• PCI-DSS or AML/KYC compliance certifications

Attitude & Behavioral Competencies:

• Integrity & Ethics: Strong commitment to ethical practices and compliance.
• Proactive Mindset: Ability to anticipate fraud risks and implement preventive measures.
• Collaboration: Works effectively across teams and departments.
• Adaptability: Comfortable with fast-paced, evolving digital payment environments.
• Decision-Making: Confident in making data-driven decisions under pressure.
• Leadership: Inspires trust, motivates teams, and drives results.