Contec Global Group - Risk Analyst

Contec Global Group - Risk Analyst

Risk Analyst : FinTech, Card Payments

ROLE : Risk Analyst

About Role :

- As a Risk Analyst, you should be responsible for driving data driven approach to highlight problems and identify opportunities.

- The person should be able to define processes, create automation towards monitoring suspected, risk and Fraudulent activities.

- Must be responsible for observing various customer transactions to flag or identify suspicious activity.

- Improves performance status by analyzing results and variances, identifying trends, recommending actions.

- Must identifies, assesses and monitors the amount of risk that the organization is exposed to.

- The role of risk analyst requires them to find out the impact of risk with the help of analysis of historical data.

- Determine existing fraud trends by analyzing accounts and transaction patterns.

Experience : 3+ years working experience in risk management and solution design specially in FinTech/Card Payment industries.

Responsibilities :

- You will work with data to understand patterns and anti-patterns to determine risk activity ranging from fraud, AML, identity theft, KYC and non-compliant activity per FinTech industries and company policies.

- You are responsible for defining, developing and communicating key metrics that need to be monitored, to infer risky activity with respect to businesses, category, products, merchants etc.

- Developing fraud models to detect fraud and help in making strategies to prevent fraud.

- The candidate must have good exposure to the basic fraud management strategy of assessment, governance, prevention, fraud risk detection, monitoring and reporting.

- Explore new tools and techniques which can help minimize fraud in the system.

- Involve in the development of new fraud strategies using analytical techniques like regression, decision trees and other quantitative methods.

- Suggestions for new sources of data for fraud detection.

- Provide support to cross functional teams in their ad-hoc risk analytics requests.

- Collaborate with product / technical/ operation teams to develop new product features / propose process improvements based on the data insights.

- Work closely with the engineering team to capture new data fields and data pipelines.

- Observe customer transactions to identify fraudulent activity such as account take over, friendly fraud, theft and similar other risks/fraud.

- For any suspicious transactions, the analyst will try to obtain information that can support the origin of the transaction.

- Reviewing new fraud rules and changing existing ones depending on the requirement and use case.

- Maintain fraud analysis models to improve efficiency and effectiveness of company systems.

Essential Qualifications :

- Must have the ability to work independently.

- Proven experience in a risk analyst role.

- Excellent communication and mentoring skills

- Must have good behavior and communication.

Industry : FinTech

Functional Area : IT Software - eCommerce/ Mobile App/ Internet Technologies