Business Analyst
IDFC FIRST Bank View all jobs
- Navi Mumbai, Maharashtra
- Permanent
- Full-time
- Own requirements for Falcon rule/scenario development, tuning, and integration with UPI/IMPS/SWIFT channels.
- Perform fraud analytics, false positive analysis, and impact assessments for new payment features or regulatory changes.
- Support testing, go-live, and post-implementation BAU for fraud platform stability.
- Analyse and tune Falcon (or similar) rulesets, design scenarios for fraud types (e.g., account takeover, synthetic identities), perform back testing, and optimize thresholds to balance detection rates and false positives.
- Elicit and document business requirements for fraud detection, including transaction scoring, velocity checks, device fingerprinting, and behavioral analytics tailored to UPI/IMPS/SWIFT flows.
- Conduct gap analysis on fraud platform capabilities vs. emerging risks (e.g., AI driven attacks, cross-border fraud), producing BRDs/FRDs, process flows, and data mappings for vendor enhancements or custom integrations.
- Collaborate with operations, compliance, payments SMEs, and IT to validate fraud workflows, support UAT, and integrate with payment hubs, sanctions screening, and case management tools.
- Monitor fraud KPIs (detection rates, false positives, ROI), prepare dashboards/reports for senior management/auditors, and contribute to RCSA (Risk Control Self-Assessment) for payments fraud risks.
- Support incident management: Root-cause fraud breaches, recommend rule updates, and communicate impacts to stakeholders during investigations or regulatory reviews.
- Hands-on Falcon (FICO Falcon) experience in rule authoring, scenario deployment, and performance tuning.
- Deep knowledge of Indian payments (UPI/IMPS/NPCI), fraud typologies, and compliance (RBI guidelines, DPDP Act); exposure to SWIFT fraud or cross-border risks preferred.
- Proficiency in data analysis and fraud tools; ability to translate fraud patterns into actionable rules and metrics.
- Strong stakeholder skills for workshops with operations, risk, and vendors; experience presenting to auditors/senior management on fraud trends and controls.