Risk and Fraud Analyst
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Job Location:
Monthly Salary:
Posted on:
22 hours ago
Vacancies:
1 Vacancy
Job Summary
About Fam (previously FamPay)
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 youngest users in India to kickstart their financial journey super early in their life.
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
Were looking for a Fraud & Risk Analyst to help keep our platform safe trusted and resilient. Youll work on real transaction data investigate suspicious behaviours and help strengthen our defences against fraud and misuse all while enabling millions of young users to transact confidently.
If youre curious detail-oriented and excited by the challenge of outsmarting bad actors in a fast-moving fintech environment this role is for you.
Bring your analytical mindset your risk radar and help us build a safer future for digital finance.
On the Job
- Investigate users flagged by internal risk engines and external monitoring systems
- Analyze transactional behavior to identify potential fraud misuse or compliance risks
- Conduct end-to-end investigations and document findings with supporting evidence
- Prepare investigation summaries reports and case documentation
- Assist in regulatory reporting including preparation and filing of STRs
- Coordinate with internal teams for escalations and closure of high-risk cases
Must-haves (Min. qualifications)
- 12 years of experience in transaction monitoring fraud or risk investigations
- Experience investigating users flagged by internal risk engines and external monitoring systems
- Hands-on exposure to STR preparation and filing
- Working knowledge of FIU-IND portal
- Familiarity with regulatory reporting portals such as DAKSH
- Basic understanding of fraud detection techniques and AML / risk management processes
- Strong documentation and reporting skills
Good to have
- Experience in fintech payments or regulated financial entities
- Prior exposure to regulatory audits or law enforcement requests
Why join us
- Get hands-on exposure to real-world fraud patterns and evolving risk scenarios in fintech
- Take ownership of investigations that protect millions of users and the business
- Play a key role in strengthening trust safety and compliance on a fast-growing payments platform
- Learn fast in a dynamic environment where regulation technology and risk intersect
- Make a real impact by helping build a safer financial ecosystem for the next generation
Perks That Go Beyond the Paycheck
Relocation assistance to make your move seamless.
Free office meals (lunch & dinner).
Generous leave policy including birthday leave period leave paternity and maternity support and more.
Salary advance and loan policies for any financial help.
Quarterly rewards and recognition programs and a referral program with great incentives.
Access the latest gadgets and tools.
Comprehensive health insurance for you and your family mental health support.
Tax benefits with options like food coupons phone allowances car/device leasing.
Retirement perks like PF contribution leave encashment and gratuity.
Heres all the tea on FamApp
FamApp focuses on financial inclusion of the next generation by providing UPI & card payments to everyone above 11 years old. Our flagship Spending Account FamX seamlessly integrates UPI and card payments enabling users to manage save and learn about their finances effortlessly.
Revolutionizing Payments and FinTech
FamApp has enabled 10 million users to make UPI and card payments across India removing the inconvenience of carrying cash everywhere. Users get to customise their FamX card with doodles which lets them add a personal touch to their payments.
Trusted by leading investors
Were proud to be supported by renowned investors like Elevation Capital Y-Combinator Peak XV (formerly Sequoia Capital India) Venture Highway Global Founders Capital and esteemed angels Kunal Shah and Amrish Rao.
Join Our Dynamic Team
At Fam our people-first approach is reflected in our generous leave policies flexible work schedules comprehensive health benefits and free mental health sessions. We dont mean to brag but we promise youll be surrounded by some of the most fun talented and passionate people in the startup space.
Want to see what makes life at Fam so awesome Check out our shenanigans at @lifeatfam
We may use artificial intelligence (AI) tools to support parts of the hiring process such as reviewing applications analyzing resumes or assessing responses. These tools assist our recruitment team but do not replace human judgment. Final hiring decisions are ultimately made by humans. If you would like more information about how your data is processed please contact us.
Required Experience:
IC
Key Skills
- Microsoft Office
- Risk Management
- Financial Services
- Customer Service
- Fraud
- Root cause Analysis
- Law Enforcement
- Banking
- Analysis Skills
- Authentication
- Qualitative Research Interviewing
- ACH
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+
