PwC - Business Analyst - Payments Fraud & Risk Management

Job Title: Business Analyst - Payments Fraud and Risk Management

Location: Mumbai

Experience: 3 to 5 Years

Job Summary:

We are seeking an experienced Business Analyst with a strong background in Payments Fraud and Risk Management (FRM). The ideal candidate will play a key role in analyzing and configuring the FRM system, ensuring compliance with regulatory requirements, and contributing to the seamless integration of payments solutions. The candidate should possess a deep understanding of fraud prevention strategies, risk assessment, and payments processing.

Responsibilities:

1. FRM System Analysis:

- Conduct in-depth analysis of the Payments Fraud and Risk Management system to understand its functionalities, capabilities, and limitations.

- Collaborate with cross-functional teams to gather and document system requirements.

2. Rule Configuration:

- Configure fraud prevention and risk management rules within the FRM system based on business and regulatory requirements.

- Optimize rule configurations for maximum effectiveness in detecting and preventing fraudulent activities.

3. Regulatory Compliance:

- Stay abreast of regulatory requirements related to payments fraud and risk management.

- Ensure that the FRM system and associated processes comply with all applicable regulations.

4. Payments Integration:

- Collaborate with the payments integration team to ensure smooth integration of FRM solutions with various payment platforms.

- Provide insights and recommendations for enhancing the security and risk management aspects of payment processes.

5. Data Analysis:

- Analyze transactional and historical data to identify patterns, trends, and potential risks.

- Generate reports and insights to aid in decision-making and strategy development.

6. Collaboration and Communication:

- Work closely with stakeholders, including product managers, developers, and compliance teams, to ensure alignment on FRM strategies.

- Communicate effectively with technical and non-technical audiences, translating business needs into actionable requirements.

7. Testing and Validation:

- Collaborate with quality assurance teams to define test cases and validate the effectiveness of FRM rules.

- Participate in testing and validation activities to ensure the reliability and accuracy of fraud prevention measures.

Qualifications:

- Bachelor's / master's degree in business, Finance, Computer Science, or a related field.

- Proven experience of 3 to 5 years as a Business Analyst in Payments Fraud and Risk Management.

- Consulting experience will be an added advantage.

- Deep knowledge of industry-leading FRM systems and tools.

- Familiarity with configuring and optimizing fraud prevention rules.

- Understanding of regulatory requirements in the payments industry.

- Experience in payments integration and knowledge of relevant protocols.

- Strong analytical and problem-solving skills with a keen attention to detail.

- Excellent communication and collaboration skills.

Good-to-Have Technical Skills:

Business Intelligence (BI):

- Experience with BI tools such as Tableau, Power BI, or similar.

- Ability to create visually compelling and insightful reports and dashboards.

SQL:

- Proficiency in writing SQL queries for data extraction and analysis.

- Understanding of database structures and data modeling.