SabPaisa - Senior Fraud & Risk Analyst (2-5 yrs)

Key Responsibilities:

1. Fraud Detection and Prevention:

- Monitor transactions for unusual or suspicious activities using advanced monitoring tools.

- Investigate potential fraud cases, escalate as necessary, and collaborate with relevant teams for resolution.

- Develop and refine fraud detection algorithms and risk assessment models.

Risk Management:

- Conduct risk assessments to identify vulnerabilities in systems and processes.

- Implement controls to mitigate fraud and financial crime risks.

- Regularly review and update fraud risk management frameworks and policies.

KYC/AML Compliance:

- Oversee customer onboarding and periodic review processes to ensure compliance with KYC/AML regulations.

- Analyze customer profiles and transactions to detect potential money laundering or terrorist financing activities.

- Liaise with compliance and regulatory teams to address AML concerns and implement best practices.

Financial Intelligence Unit (FIU) Reporting:

- Prepare and file timely Suspicious Activity Reports (SARs) and other regulatory filings.

- Maintain accurate documentation of investigations and reporting for audit and regulatory purposes.

- Act as a liaison with law enforcement agencies and regulatory authorities as needed.

Data Analysis and Reporting:

- Generate and analyze fraud-related metrics and KPIs for management reporting.

- Provide insights and recommendations to improve fraud prevention and compliance strategies.

- Support audits and regulatory examinations by providing required data and evidence.

Stakeholder Collaboration:

- Work closely with internal teams, such as Compliance, IT, Legal, and Operations, to implement risk controls.

- Collaborate with external partners and vendors for fraud detection technologies and systems.

- Conduct training sessions to raise awareness about fraud and compliance issues.

Qualifications:

Education: Bachelor's degree in Finance, Business, Risk Management, or a related field.

Experience:

- Minimum 2-5 years of experience in fraud detection, AML, or risk management roles within financial services.

- Strong understanding of KYC/AML regulations, transaction monitoring, and FIU reporting requirements.

Skills:

- Expertise in fraud detection tools and software (e.g., Actimize, SAS, etc.)

- Proficient in data analysis tools such as SQL, Excel, or visualization platforms (e.g., Tableau, Power BI).

- Strong analytical, problem-solving, and communication skills.

- Detail-oriented with the ability to work under pressure in a fast-paced environment.

- Familiarity with regulatory frameworks like FATF, OFAC, and local AML laws