Risk Analyst
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Job Summary
Fam is Indias first payments app for everyone above 11. FamApp helps make online and offline payments through UPI and FamCard. We are on a mission to raise a new financially aware generation and drive 250 million young users in India to kickstart their financial journey super early in their life.
Were reimagining how the next generation experiences fintechgoing beyond payments to build a lifestyle brand that blends money identity and everyday experiences into one seamless intuitive journey.
Founded in 2019 by IIT Roorkee alumni Fam is backed by some of the most respected investors around the world like Elevation Capital Y-Combinator Peak XV (Sequoia Capital) India Venture Highway Global Founders Capital and the likes of Kunal Shah Amrish Rao as angel investors.
About this Role:
This role goes beyond transaction monitoring youll uncover emerging fraud patterns strengthen risk controls and help build safer payment experiences at scale. Working closely with Product Engineering Compliance and Operations teams youll play a critical role in protecting millions of transactions while keeping the user experience seamless.
If fast-moving problem solving high ownership and staying one step ahead of fraud excites you this is the kind of challenge youll thrive in.
On the Job
Monitor payment and transaction patterns to proactively identify fraud abuse and operational risks
Build and enhance fraud and risk detection mechanisms across UPI and wallet journeys
Investigate suspicious transactions user behavior and payment anomalies
Collaborate closely with Product Engineering Compliance and Operations teams to implement scalable risk controls
Create dashboards reports and operational insights around fraud trends transaction success/failure and overall risk exposure
Recommend and execute process improvements to reduce fraud losses while maintaining a seamless user experience
Support escalation management and incident handling for high-priority risk cases
Continuously optimize rules workflows and monitoring systems based on emerging fraud patterns and evolving business needs
Balance risk mitigation efforts with customer experience and transaction success metrics
Must-haves (Min. qualifications
Hands-on experience working with UPI payments and wallet ecosystems
Strong understanding of transaction monitoring fraud detection suspicious activity patterns and risk controls
Experience working with large datasets SQL dashboards and operational analytics
Ability to identify anomalies investigate trends and recommend preventive controls
Strong ownership mindset with the ability to work cross-functionally with Product Operations and Compliance teams
Comfortable working in fast-paced high-volume consumer product environments
Good to have
Prior experience working in fintech or payments companies
Experience creating fraud rules risk frameworks and operational SOPs
Strong understanding of the NPCI/UPI ecosystem and payment compliance fundamentals
Familiarity with analytics and reporting tools such as Mixpanel Metabase Looker Tableau or similar platforms
Experience collaborating closely with customer support dispute resolution and product teams
Why join us
Why Join Us
Be on the frontlines of protecting millions of payments and transactions
Solve fast-evolving fraud challenges in one of Indias fastest-moving fintech ecosystems
Help shape how the next generation experiences money at Fam
PS - Were looking for someone with an AI-native mindset who actively leverages AI in their day-to-day work as we encourage and embed it across every level at Fam.
Required Experience:
IC
About Company
FamX Spending Account for everyone · Get a customised card & UPI ID · Keep your bank statements clean · Track & keep expenses in check · Open for ages 11+
