Fraud Risk Management (FRM)/ EFRM Consultant

Role & responsibilities

• Conduct fraud risk assessments and control gap reviews across financial products and business processes.
• Review fraud alerts, monitoring scenarios, case investigations, and surveillance reports.
• Analyze transactional and customer activity data to identify fraud patterns, emerging typologies, and control weaknesses.
• Perform alert effectiveness reviews, scenario testing, lookback exercises, and false positive reduction initiatives.
• Prepare investigation reports, risk assessments, executive summaries, and client presentations.
• Perform root cause analysis of fraud losses and recommend remediation plans.
• Assess fraud prevention and detective controls for Banking, Payments, Cards, UPI, Wallets, Lending, and FinTech businesses.
• Support EFRM implementation, rule tuning, optimization, UAT, and business requirement documentation.
• Recommend enhancements to fraud risk frameworks, policies, procedures, and monitoring strategies.
• Engage with client stakeholders and provide consulting-led risk advisory solutions.

Preferred candidate profile

• 2-8 years of experience in Fraud Risk Management, Financial Crime Compliance, Transaction Monitoring, Risk Consulting, or Fraud Investigation.
• Experience with banks, NBFCs, payment companies, card networks, fintechs, or consulting firms.
• Hands-on exposure to fraud detection platforms, monitoring systems, and case management tools.
• Experience with EFRM implementation, rule design, rule optimization, and fraud control reviews.
• Prior exposure with Big 4 or leading Risk Advisory consulting firms preferred.