Head - Fraud Analytics

Job Summary :-

Key Responsibilities :-

• Wider experience in fraud analytics at a Bank – Liabilities (Mule) / Payments / Assets (Cards)
• Exposure to India Fraud domains – Mule, Transactional Frauds, Account takeovers, Scams, Application & Identity Frauds – experience having implemented fraud detection solutions based on ML/AI
• Able to deal with internal as well as external stakeholders independently including regulator

1. Fraud Analytics

• Develop Fraud Detection Models: Design and deploy predictive analytics models and machine learning algorithms to identify suspicious activities and patterns.
• Enhance Systems: Continuously optimize fraud monitoring systems to improve detection accuracy and reduce false positives.
• Data-Driven Insights: Analyze internal and external data sources to identify vulnerabilities and recommend proactive measures.
• Performance Metrics: Define and track key performance indicators (KPIs) to measure the effectiveness of fraud detection strategies.

2. Market Intelligence

• Industry Monitoring: Stay updated on emerging fraud tactics, industry benchmarks, and regulatory changes.
• Competitor Analysis: Analyze competitors’ risk management strategies to identify opportunities for improvement.
• Market Trends: Provide actionable insights from market intelligence to inform strategic decision-making.

3. Team Leadership

• Build and Lead: Recruit, develop, and mentor a high-performing team of data analysts, data scientists, and market intelligence specialists.
• Stakeholder Collaboration: Work closely with risk management, compliance, IT, and other departments to ensure alignment and effective communication.
• Training: Educate staff and leadership on emerging fraud trends and best practices.

4. Strategic Planning

• Policy Development: Establish and enforce fraud prevention policies, procedures, and standards.
• Technology Partnerships: Evaluate and recommend advanced fraud detection technologies and vendors.
• Reporting: Present findings and strategic recommendations to senior leadership and the board.