Fraud and Risk Management Functional Consultant Cogency Inc

5.0 - 9.0 years

0 Lacs

pune, maharashtra

On-site

As a Fraud and Risk Management Functional Consultant, you will play a crucial role in designing and implementing strategies to combat fraud activities within financial institutions. Your responsibilities will include collaborating with key stakeholders to align fraud risk policies with organizational objectives, setting up risk models, fraud detection frameworks, and procedures to minimize financial loss, as well as integrating fraud prevention systems with existing systems. You will work closely with both business and technical teams to define business requirements for fraud prevention solutions and translate them into functional specifications. Your expertise in Fraud Detection Systems, including tools for transaction monitoring, anti-money laundering (AML), and KYC (Know Your Customer) procedures, will be essential in providing effective solutions. In addition, you will lead the implementation of fraud management solutions, configure systems, customize them, and ensure smooth integration with existing enterprise systems. Continuous monitoring of fraud risk metrics, incident analysis, and reporting will be part of your responsibilities to ensure timely detection and resolution of issues. Compliance with regulatory requirements related to fraud risk management, advising on industry best practices, providing post-implementation support, and offering continuous improvement suggestions will also be vital aspects of your role. Your strong communication skills will enable you to effectively convey complex fraud and risk concepts to technical and non-technical stakeholders. To excel in this role, you should have at least 5 years of experience in Fraud Risk Management within the financial services industry, a background in functional consulting, and hands-on experience in designing, implementing, and managing fraud detection and prevention solutions. In-depth knowledge of compliance requirements, excellent analytical skills, and the ability to communicate effectively are essential qualifications for this position. Experience with Advanced Fraud Detection Tools, professional certifications such as CFE, CAMS, or FRM, technical proficiency in SQL and data analytics, as well as cybersecurity knowledge would be advantageous. Strong industry experience, problem-solving skills, leadership qualities, and effective communication abilities will be key attributes of the ideal candidate for this role.,

Posted 3 days ago

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