Prefr - Fraud Risk Manager

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 & Lead investigations into suspected fraud cases, coordinating with internal stakeholders and external agencies (field investigation teams, police, bureaus, etc.).

Key Skills & Strong understanding of fraud typologies in lending (application fraud, synthetic ID, collusion fraud, digital lending fraud, account takeover, etc.).

Must Haves :

Should Haves :

(ref : iimjobs.com)