Senior Risk Analyst

Job Title: Risk & Fraud AnalystCompany: ZXPE Services Pvt Ltd Location: Sector 62, Noida Employment Type: Full-Time Experience Required: 2–6 years (Fintech / Payments / Banking preferred)About ZXPay: www.zxpay.inZXPay is an emerging fintech platform offering a suite of services including Domestic Money Transfer (DMT), AePS, QR Code-based cash withdrawal, utility bill payments, cash management, travel bookings, and MATM services. We operate on a multi-tier distribution model — Retailers, Distributors, and Master Distributors — to ensure seamless last-mile delivery of financial services.Role Overview: We are looking for a Risk & Fraud Analyst with strong fintech experience to monitor, detect, investigate, and prevent fraudulent activities across digital payment platforms. The role requires a solid understanding of payments, DMT, AePS, wallets, merchant onboarding, and KYC/AML frameworks, along with the ability to work closely with internal teams, banks, API partners, and law enforcement agencies. This role is critical in safeguarding company funds, ensuring regulatory compliance, and maintaining trust with merchants, partners, and customers.Key Responsibilities:Fraud Monitoring & DetectionMonitor real-time and post-transaction data across DMT, AePS, IMPS, NEFT, BBPS, Wallets, QR, and APIs Identify suspicious patterns, velocity breaches, abnormal transaction behavior, and emerging fraud trends Investigate fraud cases including charge-backs, wallet misuse, mule accounts, fake merchants, and agent-level fraud.Create a Charge-back defense mechanism. Recommend and implement preventive controls and fraud mitigation measuresRisk Analysis & ControlsDesign, implement, and continuously refine risk rules, thresholds, and transaction limits Perform merchant, distributor, and API partner risk profiling Assess new products, services, and integrations from a risk and fraud perspective Assist in setting up risk scoring models and monitoring frameworks Compliance & Regulatory Alignment Ensure adherence to RBI guidelines, PMLA, AML/CTF norms, IT Act, and data protection requirements Support KYC, CKYC reviews, enhanced due diligence, and merchant audits Prepare documentation and reports for banks, auditors, regulators, and internal stakeholders Coordinate during regulatory inspections and partner bank auditsIncident & Escalation ManagementHandle fraud escalations and high-risk incidents end-to-end Coordinate with banks, API partners, cyber-crime authorities, and law enforcement agencies when required Track fund holds, recoveries, reversals, and case closures Maintain detailed fraud case logs, root cause analysis (RCA), and closure reportsReporting & MIS Prepare daily, weekly, and monthly Risk & Fraud MIS Share insights on fraud trends, financial exposure, recoveries, and preventive actions Present structured reports to senior management and leadership teamsCross-Functional CollaborationWork closely with Finance, Operations, Technology, Legal, Compliance, and Customer Support teamsProvide risk inputs for merchant onboarding, product launches, and policy updatesConduct internal awareness sessions and support fraud-prevention training initiativesRequired Skills & CompetenciesStrong understanding of the fintech and digital payments ecosystemHands-on experience with DMT, AePS, Wallets, IMPS/NEFT, and BBPSPractical knowledge of merchant, agent, and transaction-level fraudFamiliarity with RBI, PMLA, AML/CTF, and KYC regulationsStrong analytical and investigative skills with attention to detailAbility to handle sensitive cases and work under pressure Clear communication and documentation skills. Ability to defend fake chargebacks and transaction frauds.Educational Qualifications Bachelor’s degree in Finance, Banking, Commerce, Economics, Risk Management, or a related field AML, Fraud, or Risk-related certifications preferred but not mandatoryExperience Requirements 2–6 years of experience in Risk & Fraud roles within fintech, payments, banks, NBFCs, or digital wallet platforms Prior exposure to Business Correspondent (BC) models, merchant networks, or API-led platforms is an added advantageWhat We Offer : Opportunity to work in a fast-growing fintech environment. Autonomy and leadership exposure in handling full-cycle finance operations. Dynamic team and open culture. Competitive compensation based on experience and expertise.Interested candidates can email their resume to: hr@zxpay.in