Process Analyst Risk and Compliance

IBM; Chennai District; On-site; INR 1,200,000 - 1,600,000; Full time

Job summary

IBM India Pvt. Ltd. Chennai is seeking an experienced fraud/AML specialist to strengthen financial crime operations. The role focuses on reviewing accounts for misrepresentation, detecting 1st party fraud, and monitoring for anomalies across high-volume transactions.

You will analyze signatures, device data, and patterns to mitigate risk, escalating cases and documenting findings in SARs and client reports. A strong collaboration with global teams is essential.

Qualifications

• Bachelor's degree required in finance, criminal justice, IT, or related field.
• Master's degree preferred for advanced roles.
• 3–6 years in fraud/AML/Fin Crime operations, ideally in Banking.

Responsibilities

• Review accounts for potential misrepresentation, recognizing 1st party fraud, kiting fraud, and/or money mule scenarios.
• Identify online Account Take Over (ATO) fraud attempts through device anomaly detection and monitoring.
• Review check items for potential fraud through signature analysis and identify out of pattern behavior.
• Coordinate and assist on proposed decisions and actions from fraud investigations.
• Monitor high-volume transaction alerts for suspicious patterns like unusual velocities or geographic anomalies.
• Document findings in SARs or client reports, escalate high-risk cases, and optimize detection rules to minimize false positives while adhering to BSA/AML and OFAC regulations.

Skills

Excel

Device anomaly detection

Signature analysis

Pattern recognition

Education

Bachelor's degree in finance, criminal justice, IT, or related field

Master's Degree

Tools

Actimize/NICE

FCRM

Verafin

Job description

Introduction
A career in IBM Consulting embraces long-term relationships and close collaboration with clients across the globe. In this role, you will work for IBM BPO, part of Consulting that accelerates digital transformation using agile methodologies, process mining, and AI-powered workflows.

Introduction
A career in IBM Consulting embraces long-term relationships and close collaboration with clients across the globe. In this role, you will work for IBM BPO, part of Consulting that accelerates digital transformation using agile methodologies, process mining, and AI-powered workflows.
You'll work with visionaries across multiple industries to improve the hybrid cloud and AI journey for the most innovative and valuable companies in the world. Your ability to accelerate impact and make meaningful changes for your clients is enabled by our strategic partner ecosystem and our robust technology platforms across the IBM portfolio, including IBM Software and Red Hat.
Curiosity and a constant quest for knowledge serve as the foundation to success in IBM Consulting. In your role, you'll be supported by mentors and coaches who will encourage you to challenge the norm, investigate ideas outside of your role, and come up with creative solutions resulting in groundbreaking impact for a wide network of clients. Our culture of evolution and empathy centers on long-term career growth and learning opportunities in an environment that embraces your unique skills and experience.
Your Role And Responsibilities

• Review accounts for potential misrepresentation, recognizing occurrences of 1st party fraud, kiting fraud, and/or money mule scenarios.
• Identify instances of online Account Take Over (ATO) fraud attempts through device anomaly detection and online monitoring.
• Review check items for potential fraud through signature analysis and identify out of pattern behavior.
• Coordinate and assist on proposed decisions and action to be taken as a result of any fraud investigation.
• Monitor high-volume transaction alerts for suspicious patterns like unusual velocities or geographic anomalies
• Document findings in SARs or client reports, escalate high-risk cases, and optimize detection rules to minimize false positives while adhering to BSA/AML and OFAC regulations.
  

Preferred Education
Master's Degree
Required Technical And Professional Expertise
Bachelor's degree in finance, criminal justice, IT, or related field; 3-6 years in fraud/AML/Fin Crime operations, ideally in Banking supporting NA geography
Skill Category | Core Competencies
Technical - Excel, Actimize/NICE, FCRM, Verafin; device anomaly detection, signature analysis, pattern recognition
Soft Skills - Multitasking, attention to detail, coordination for investigations and handoffs
Domain Knowledge - Fin Crime typologies (1st party fraud, kiting, money mules, ATO, check fraud), NA regulations)