Senior Risk Analyst

ZXPE Services Pvt Ltd; Dadri; On-site; INR 900,000 - 1,300,000; Full time

Benefits offered by this job

Competitive compensation based on experience

Opportunity for leadership exposure

Dynamic team and open culture

Competitive compensation

Job summary

A fintech service provider is seeking a Risk & Fraud Analyst in India. The role involves monitoring transactions, detecting fraud, and ensuring compliance with regulations. Candidates should possess 2–6 years of experience in fintech or related fields, with solid skills in analytical assessments and fraud investigations. This full-time position offers competitive compensation and the chance to work in a dynamic team environment.

Qualifications

• 2–6 years of experience in Risk & Fraud roles within fintech or banking.
• Strong understanding of payments, DMT, AePS, KYC/AML frameworks.
• Familiarity with RBI, AML/CTF, PMLA, IT Act and data protection requirements

Responsibilities

• Monitor real-time and post-transaction data across digital payment platforms.
• Investigate fraud cases including charge-backs and merchant fraud.
• Prepare daily and weekly Risk & Fraud reports.
• Suggest and implement preventive controls and risk scoring rules
• Coordinate with banks, API partners, and law enforcement when required
• Prepare risk MIS and reports for banks, auditors, regulators, and leadership

Skills

Analytical skills

Fraud detection

Regulatory compliance

Risk assessment

Communication skills

Education

Bachelor’s degree in Finance or related field

AML, Fraud, or Risk-related certifications

Job description

Experience Required: 2–6 years (Fintech / Payments / Banking preferred)

About ZXPay: www.zxpay.in

ZXPay is an emerging fintech platform offering a suite of services including Domestic Money Transfer (DMT), AePS, QR Code-based cash withdrawal, utility bill payments, cash management, travel bookings, and MATM services. We operate on a multi-tier distribution model — Retailers, Distributors, and Master Distributors — to ensure seamless last-mile delivery of financial services.

Role Overview

We are looking for a Risk & Fraud Analyst with strong fintech experience to monitor, detect, investigate, and prevent fraudulent activities across digital payment platforms. The role requires a solid understanding of payments, DMT, AePS, wallets, merchant onboarding, and KYC/AML frameworks, along with the ability to work closely with internal teams, banks, API partners, and law enforcement agencies.

This role is critical in safeguarding company funds, ensuring regulatory compliance, and maintaining trust with merchants, partners, and customers.

Key Responsibilities

• Monitor real-time and post-transaction data across DMT, AePS, IMPS, NEFT, BBPS, Wallets, QR, and APIs
• Identify suspicious patterns, velocity breaches, abnormal transaction behavior, and emerging fraud trends
• Investigate fraud cases including charge-backs, wallet misuse, mule accounts, fake merchants, and agent-level fraud.
• Recommend and implement preventive controls and fraud mitigation measures
• Design, implement, and continuously refine risk rules, thresholds, and transaction limits
• Perform merchant, distributor, and API partner risk profiling
• Assess new products, services, and integrations from a risk and fraud perspective
• Assist in setting up risk scoring models and monitoring frameworks
• Compliance & Regulatory Alignment
• Ensure adherence to RBI guidelines, PMLA, AML/CTF norms, IT Act, and data protection requirements
• Support KYC, CKYC reviews, enhanced due diligence, and merchant audits
• Prepare documentation and reports for banks, auditors, regulators, and internal stakeholders
• Coordinate during regulatory inspections and partner bank audits
• Handle fraud escalations and high‑risk incidents end-to-end
• Coordinate with banks, API partners, cyber‑crime authorities, and law enforcement agencies when required
• Track fund holds, recoveries, reversals, and case closures
• Maintain detailed fraud case logs, root cause analysis (RCA), and closure reports

Reporting & MIS

• Prepare daily, weekly, and monthly Risk & Fraud MIS
• Share insights on fraud trends, financial exposure, recoveries, and preventive actions
• Present structured reports to senior management and leadership teams

Cross‑Functional Collaboration

• Work closely with Finance, Operations, Technology, Legal, Compliance, and Customer Support teams
• Provide risk inputs for merchant onboarding, product launches, and policy updates
• Conduct internal awareness sessions and support fraud‑prevention training initiatives
• Strong understanding of the fintech and digital payments ecosystem
• Hands‑on experience with DMT, AePS, Wallets, IMPS/NEFT, and BBPS
• Practical knowledge of merchant, agent, and transaction-level fraud
• Familiarity with RBI, PMLA, AML/CTF, and KYC regulations
• Strong analytical and investigative skills with attention to detail
• Ability to handle sensitive cases and work under pressure
• Clear communication and documentation skills.
• Ability to defend fake chargebacks and transaction frauds.

Educational Qualifications

Bachelor’s degree in Finance, Banking, Commerce, Economics, Risk Management, or a related field

AML, Fraud, or Risk-related certifications preferred but not mandatory

Experience Requirements

• 2–6 years of experience in Risk & Fraud roles within fintech, payments, banks, NBFCs, or digital wallet platforms
• Prior exposure to Business Correspondent (BC) models, merchant networks, or API‑led platforms is an added advantage

What We Offer

• Opportunity to work in a fast‑growing fintech environment.
• Autonomy and leadership exposure in handling full‑cycle finance operations.
• Dynamic team and open culture.
• Competitive compensation based on experience and expertise.

Interested candidates can email their resume to: [e-mail]

Seniority level

• Mid‑Senior level

Employment type

• Full‑time

Job function

• Finance and Sales