Fraud Analyst

About This Course

A Fraud Analyst protects the organization from financial loss by detecting suspicious activity and strengthening fraud controls. The role combines alert monitoring from fraud rule engines/transaction monitoring systems with investigative deep-dives. Analysts review cases, validate evidence across KYC, device/IP, geo, transaction logs, merchant details, and customer support records, and decide whether to block, hold, or clear activity. They track fraud KPIs such as fraud rate, loss rate, false positives, time-to-detect, and recovery/chargeback outcomes. A major responsibility is improving detection strategies: tuning thresholds, proposing new rules/signals, identifying fraud rings, and partnering with product/engineering to add step-up authentication, velocity limits, or verification checks while minimizing customer friction. Root-cause analysis is critical—finding which channel, partner, or process gap is exploited and recommending permanent fixes. The role suits candidates who enjoy pattern recognition, investigative reasoning, and fast, high-impact decisions, and can grow into fraud strategy or financial crime leadership.

Key Responsibilities

• Monitor financial transactions for suspicious activities
• Detect and investigate fraudulent transactions
• Analyze fraud patterns and trends
• Perform fraud risk assessments
• Review high-risk customer accounts
• Validate alerts generated by fraud monitoring systems
• Conduct case investigations and document findings
• Recommend fraud prevention measures
• Collaborate with AML, Risk, and Compliance teams
• Prepare fraud investigation reports
• Support chargeback and dispute resolution
• Ensure compliance with regulatory and internal policies
• Improve fraud detection strategies
• Maintain fraud databases and records
• Minimize financial losses through proactive fraud monitoring.

Growth Path

Tools Used

Perfect For

Fresh Graduates | B.Com Graduates | BBA Students | MBA Finance Students | M.Com Graduates | Banking & Finance Aspirants | Fraud Prevention Professionals | Risk & Compliance Executives | Operations Professionals | Data Analytics Enthusiasts | Financial Services Professionals | Career Switchers | Anyone Interested in BFSI Fraud Risk Careers

Fee Structure