Fraud Risk Manager

4 days ago


Bengaluru, Karnataka, India Prefr (Formerly CreditVidya) Full time ₹ 20,00,000 - ₹ 25,00,000 per year

The role involves building, monitoring, and enhancing fraud risk strategies across the lending lifecycle to minimize losses, safeguard portfolio quality, and ensure regulatory compliance. The candidate will work closely with Credit Risk, Operations, Collections, Technology, and Business teams to proactively manage fraud risks while supporting sustainable growth.

What will you do ?

Fraud Prevention & Detection

  • Develop and implement fraud risk management strategies for unsecured and secured lending products (e.g., personal loans, consumer durable loans, credit cards, business loans).
  • Set up robust customer onboarding and transaction monitoring controls to detect application fraud, identity theft, bust-out fraud, mule accounts, and other modus operandi.
  • Monitor fraud trends, emerging typologies, and regulatory advisories to ensure preventive measures.
  • Define rules, scorecards, and machine learning models for real-time fraud detection in collaboration with analytics/tech teams.
  • Build efficient rules around fraud management with best in class false positives

Fraud Investigation & Monitoring

  • Lead investigations into suspected fraud cases, coordinating with internal stakeholders and external agencies (field investigation teams, police, bureaus, etc.).
  • Establish MIS and dashboards for fraud monitoring, root cause analysis, and reporting.
  • Conduct periodic reviews of high-risk segments, channels, and partners.

Governance & Policy

  • Formulate and update the Fraud Risk Management Framework, policies, and SOPs in line with RBI guidelines and industry best practices.
  • Ensure compliance with internal audit and regulatory requirements on fraud risk reporting and management.
  • Liaise with regulators, law enforcement, and industry bodies (e.g., CIBIL, SIDBI, RBI working groups) where required.

Collaboration & Stakeholder Management

  • Partner with Credit Risk, Underwriting, Operations, Technology, and Business teams to ensure fraud controls are embedded across the lending lifecycle.
  • Train and sensitize employees, sales channels, and partner institutions on fraud risks and preventive measures.
  • Work with collections/recovery teams for fraud-related recovery actions.

Key Skills & Competencies

  • Strong understanding of
    fraud typologies in lending
    (application fraud, synthetic ID, collusion fraud, digital lending fraud, account takeover, etc.).
  • Good knowledge of
    Indian regulatory requirements
    (RBI Master Directions, KYC norms, Fair Practice Code, Fraud Classification norms, etc.).
  • Analytical mindset with hands-on experience in
    fraud analytics, rules engines, and transaction monitoring systems
    .
  • Excellent investigation, problem-solving, and decision-making skills.
  • Strong communication and stakeholder management skills.
  • Ability to work under pressure and manage multiple priorities.

Qualifications & Experience

  • Graduate/Postgraduate degree in Engineering, Finance, Risk Management, Economics, or related field (CA/MBA/CFE preferred).
  • 6–10 years of experience in
    fraud risk management
    within banks, NBFCs, fintechs, or credit bureaus.
  • Exposure to
    digital lending ecosystems, credit bureaus, and fraud data consortiums
    is desirable.
  • Hands-on experience with data analytics tools (SQL, SAS, Python, R) is an added advantage.

Must Haves

Technical Expertise:
Deep understanding of fraud typologies in lending (application fraud, synthetic ID, collusion fraud, digital lending fraud, account takeover, etc.)

Regulatory Knowledge:
Comprehensive knowledge of Indian regulatory requirements (RBI Master Directions, KYC norms, Fair Practice Code, Fraud Classification norms)

Analytics Proficiency:
Hands-on experience with fraud analytics, rules engines, and transaction monitoring systems

Investigation Skills:
Proven track record in fraud investigation, evidence gathering, and case resolution

Data Analysis:
Proficiency in SQL and at least one statistical tool (SAS, Python, R)

Should Haves

Advanced Analytics:
Experience with machine learning models for fraud detection

Industry Exposure:
Knowledge of digital lending ecosystems, credit bureaus, and fraud data consortiums

Leadership Experience:
Experience in managing fraud risk teams or cross-functional projects

Technology Integration:
Understanding of API integrations, real-time monitoring systems



  • Bengaluru, Karnataka, India JUSPAY Full time ₹ 12,00,000 - ₹ 36,00,000 per year

    Job Title: Risk and Fraud AnalystLocation:Bangalore, IndiaJob Type:Full-TimeDepartment:Risk and ComplianceJob Summary:We are seeking a detail-oriented and analyticalRisk and Fraud Analystto join our Risk and Compliance team. The ideal candidate will have experience in monitoring and analyzing merchant activity to detect, investigate, and mitigate fraud and...

  • Risk Fraud SME

    3 days ago


    Bengaluru, Karnataka, India IDESLABS PRIVATE LIMITED Full time ₹ 15,00,000 - ₹ 25,00,000 per year

    Responsibilities:Lead and manage key projects like the Falcon upgradeManage Falcon upgrades across retail, institutional, and merchant sectors.Drive and support institutional fraud-related projects.Lead and provide expertise on fraud and financial crime risk management.Manage and deliver major projects like Falcon upgrades, AML updates, and merchant fraud...


  • Bengaluru, Karnataka, India Alaan الآن Full time ₹ 9,00,000 - ₹ 12,00,000 per year

    About Alaan*Alaan is the Middle East's first AI-powered spend management platform, built to help businesses save time and money.*Our all-in-one solution combines smart corporate cards, real-time expense tracking, AI-powered automation, seamless accounting integrations, and deep financial insights- designed to simplify finance operations and maximize control...


  • Bengaluru, Karnataka, India IDESLABS PRIVATE LIMITED Full time ₹ 9,00,000 - ₹ 18,00,000 per year

    Analyze financial risks and fraud patterns.Implement fraud detection tools and policies.Work with compliance and business teams.

  • Associate Manager

    2 weeks ago


    Bengaluru, Karnataka, India, Karnataka Navi Full time

    About the TeamThe Risk team at Navi is responsible for identifying, assessing, and mitigating potential risks across the organization. The Fraud Risk & Strategy (FRS) team, part of the Risk function at Navi, owns fraud risk prevention, detection and investigation across all of Navi's business. To achieve this, FRS partners with Tech, Product & Analytics...


  • Bengaluru, Karnataka, India, Karnataka Tredence Inc. Full time

    Tredence is a global data science and AI solutions provider specializing in providing data-driven solutions to organizations and focused on solving the last-mile problem in AI. Headquartered in San Jose, with offices in Foster City, Chicago, London, Toronto, and Bangalore, Pune, Gurgaon, Chennai, Kolkata.Tredence is 2200-plus employees strong and caters to...

  • Fraud Investigator

    4 days ago


    Bengaluru, Karnataka, India Ignites Human Capital Full time ₹ 20,00,000 - ₹ 25,00,000 per year

    Desired Candidate ProfileExperience required- Need minimum 1 years of experience in international fraud investigation.Salary- upto LPA+ incentivesShift- USLocation- HebbalCall Call Call Roles and ResponsibilitiesMain responsibilitiesConduct investigations into allegations of complex fraud using specialist knowledge in interviewing techniques, document...

  • Fraud Investigator

    3 days ago


    Bengaluru, Karnataka, India Ignites Human Capital Full time ₹ 15,00,000 - ₹ 20,00,000 per year

    Desired Candidate ProfileExperience required- Need minimum 1 years of experience in international fraud ,AmlSalary- upto LPA+ incentivesShift- USLocation- Hebbalcall call call call call Roles and ResponsibilitiesMain responsibilitiesConduct investigations into allegations of complex fraud using specialist knowledge in interviewing techniques, document...


  • Bengaluru, Karnataka, India Allegis Global Solutions (AGS) Full time ₹ 15,00,000 - ₹ 25,00,000 per year

    We are currently seeking an experienced professional to join our team in the role of Senior Fraud Officer-Location -Bangalore.Role ContextMinimal supervision and consistent coaching and development from immediate supervisor. Adherence to policy and procedures with expectation of appropriate judgment and discretion being exercised.Contribute to fraud loss...


  • Bengaluru, Karnataka, India, Karnataka Straive Full time

    Job Role: Fraud Strategy AnalyticsYears of Experience: 2 to 10 yearsShift Timing: 1:00PM IST to 10:00PM IST Location : Gurugram /Bangalore/Hyderabad/Mumbai Work mode-Hybrid-2 days in officeAbout Straive:Straive is a leading provider of technology-driven solutions, focused on delivering innovative data, risk, and knowledge services. We are looking for a...