Senior Lead - Fraud Strategy/Analytics

Job Description :

Operating directly out of the Chief Risk Officer's (CRO's) Office, the Individual will serve as the strategic enterprise lead for all fraud prevention, detection, and mitigation capabilities.

This is a deeply tech and analytics-focused role sitting at the critical intersection of risk strategy, data science, tech innovation, product design, and operational execution.

As the company scales across diverse lending channelsspanning fully digital fintech integrations to branch-led physical/assisted operationsthis leader will architect and execute robust product-level fraud control frameworks.

You will be market-informed, technologically progressive, and execution-focused, bridging high-level risk strategy with day-to-day implementation across Product, Tech, Credit, Operations, Analytics, and Legal/Investigations teams.

Key Responsibilities :

- Tech & Analytics-Driven Fraud Architecture : Partner directly with Engineering, Data Science, and Product teams to design, build, and scale real-time automated fraud rule engines, predictive ML/AI fraud models, API security controls, device intelligence, and automated decisioning platforms.

- Advanced Analytics & Pattern Detection : Leverage data science, network graph analytics, anomaly detection, and predictive modeling to proactively identify complex fraud rings, synthetic identity networks, and emerging attack vectors across digital and branch portfolios.

- Strategic Fraud Governance & Frameworks : Design, implement, and continually evolve end-to-end fraud risk management strategy across both digital (APIs, fintech partnerships, app journeys) and branch-led (assisted, field operations, physical verification) lending channels, under the guidance of CRO and Head of FCU. Establish Key Fraud Indicators (KFIs), risk tolerance thresholds, and fraud-loss mitigation goals.

- Product-Level Fraud Strategy : Partner closely with Product Managers to build friction-appropriate fraud controls into customer journeys across the lifecyclefrom acquisition, onboarding, and underwriting to disbursement and servicing.

- Channel-Specific Fraud Controls :

1. Digital : Define and deploy safeguards for digital journeys (device fingerprinting, synthetic identity detection, account takeover, dynamic OTP verification, API security).

2. Branch-Led : Establish controls for physical networks (safeguards against document forgery, field-level impersonation, collusion, first-party fraud, and channel partner misrepresentation).

- Cross-Functional Execution : Act as the primary engine for executing fraud initiatives. Work hand-in-hand with Tech, Product, Analytics, Operations, Compliance, and Field teams to translate high-level strategies into executable product features, rule engine deployments, and operational workflows.

- Market Benchmarking & Threat Intelligence : Maintain deep awareness of market standards, emerging fraud vectors, and evolving risk topologies across the Indian banking, NBFC, and fintech landscapes. Continuously benchmark internal controls against industry best practices.

- Vendor & Tooling Ecosystem : Evaluate, select, integrate cutting-edge vendor solutions and fraud prevention technologies (e.g., fraud rule engines, biometrics, bank account validation, OCR/document verification systems, device intelligence) working alongside tech and product teams.

- Analytics, Rule Engine & ML Strategy : Oversee the performance, continuous tuning, and optimization of fraud rule engines and usage of machine-learning detection models in partnership with the Risk Analytics team.

- Incident Investigation & Root Cause Analysis (RCA) : Lead post-incident analyses on fraud leakages, conduct vulnerability reviews, and rapidly deploy corrective strategies to prevent recurrence across affected channels.

- Regulatory Monitoring & Compliance : Actively monitor regulatory guidelines from the RBI regarding fraud reporting, cyber-resilience, and customer protection; work with respective teams to ensure seamless compliance and timely reporting.

- Leadership & Board Reporting : Develop strategic dashboards and threat assessment materials for the CRO and Management Committees.

Experience Range : 6 - 10 years

Educational Qualifications : Any graduation, and Any PG

Skills Required : Fraud Strategy, Fraud Analysis, API Risk, Quantitative Analytics, Cross Functional Team Building, Digital Lending Fraud, Risk Modelling / Predictive Modelling, Fraud Detection & Prevention

Skills

Fraud Strategy, Fraud Reporting, Fraud Analytics, Fraud Risk Implementation, Data Science, Machine Learning, Artificial Intelligence, Incident Management, Predictive Modeling