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Fraud Business Analyst

00070886491

Business Analyst – Fraud Risk Management (Banking & Financial Services)

Location: Pune/Chennai

Experience: 4-12 Years

Notice Period: Immediate to 60 days

Job Summary

We are looking for an experienced Business Analyst with expertise in Fraud Risk Management within the Banking and Financial Services domain. The ideal candidate will work closely with business stakeholders, technology teams, and operations teams to define requirements, analyze fraud risks, enhance anti-fraud solutions, and drive end-to-end project delivery.

Key Responsibilities

  • Gather business and functional requirements and prepare BRD, FRD, and FSD documents.
  • Perform Business Analysis, Impact Analysis, Gap Analysis, and System Analysis for projects and enhancement initiatives.
  • Manage end-to-end delivery of assigned projects/workstreams.
  • Collaborate with Development, QA, and Business teams throughout the SDLC lifecycle.
  • Support User Acceptance Testing (UAT), regression testing, and production deployments.
  • Act as the primary point of contact for stakeholders across business and technology teams.
  • Conduct requirement walkthroughs and knowledge-transfer sessions for Development and QA teams.
  • Assist in production support activities and help resolve critical business issues.
  • Work on enterprise-wide initiatives and participate in front-to-back testing activities.

Required Skills & Experience

  • 4-12 years of experience as a Business Analyst in Banking/Financial Services.
  • Strong experience in Fraud Risk Management and anti-fraud programs/solutions.
  • Hands-on experience with fraud rules, scenarios, fraud monitoring, and fraud data analysis.
  • Good understanding of fraud typologies, fraud prevention, and mitigation techniques.
  • Experience in Data Analysis, Data Mapping, and Data Exploration from a fraud perspective.
  • Proficiency in SQL and MS Excel.
  • Strong knowledge of Agile and Waterfall methodologies.
  • Experience conducting workshops with business, operations, and technology stakeholders.
  • Ability to communicate fraud roadmaps, enhancements, and recommendations to business partners.
  • Strong stakeholder management, analytical thinking, and problem-solving skills.

Preferred Skills

  • Exposure to Fraud Management products/tools such as Actimize, Mantas, SAS, or similar platforms.
  • Knowledge of emerging technologies and fraud detection use cases.
  • Exposure to AML, KYC, and Sanctions domains.
  • Understanding of Payments, Capital Markets, Financial Instruments, and other BFSI areas.

Education & Certifications

Preferred Qualifications:

  • MBA, BE/B.Tech, B.Sc. Computer Science, or equivalent.

Preferred Certifications:

  • CAMS
  • CAMI
  • SAFe PO/PM
  • CSM
  • CSPO

Behavioral Competencies

  • Excellent communication and stakeholder management skills.
  • Strong ownership and ability to work independently.
  • Structured and methodical thinker.
  • Proactive, diligent, and self-motivated.
  • Strong team player with a willingness to learn quickly.
  • Ability to perform under pressure and meet project deadlines.

Mandatory Requirements:

  • SDLC and Agile Business Analysis experience.
  • Banking/Financial Services domain experience.
  • Fraud Risk Management expertise.
  • SQL proficiency and data analysis experience.

    Interested candidate send your resume to [email protected] and [email protected]

About Cognizant
Cognizant (Nasdaq: CTSH) is an AI Builder and technology services provider, bridging the gap between AI investment and enterprise value by building full-stack AI solutions for our clients. Our deep industry, process and engineering expertise enables us to build an organization’s unique context into technology systems that amplify human potential, drive tangible outcomes and keep global enterprises ahead in a fast-changing world. See how at cognizant.ai or @cognizant.

Additional employment information
Compensation information is accurate as of the date of this posting. Cognizant reserves the right to modify this information at any time, subject to applicable law.

Applicants may be required to attend interviews in person or by video conference. In addition, candidates may be required to present their current state or government issued ID during each interview.

Cognizant is an equal opportunity employer. Your application and candidacy will not be considered based on race, color, sex, religion, creed, sexual orientation, gender identity, national origin, disability, genetic information, pregnancy, veteran status or any other characteristic protected by federal, provincial or local laws.

Benefits that help you thrive and grow

Our benefits program is built with you in mind—so you can enjoy a fulfilling, balanced and healthy life.

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Financial wellbeing

We regularly review market data to ensure compensation reflects the value you bring. Your benefits extend beyond pay and may include retirement plans, financial education, etc.

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Physical and mental health

We empower you to prioritize your wellbeing through paid time off, flexible working where possible, healthcare plans, counselling, our Mental Health Allyship program and more. 

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Your career, your way

With 350,000+ roles at Cognizant, you’ll have opportunities explore new technologies, industries and locations—and build the skills you need to grow your career.

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Real-world impact

Think about the biggest brands you rely on. Chances are, they rely on us to help strengthen their business. Here, you’ll turn bold ideas into solutions that improve lives everywhere.

Your path to Cognizant

Here’s what you can expect from our hiring process. Please keep in mind that it may vary by role and location. Explore our FAQs to learn more.

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Step 1: Apply to the right opportunity

Find an open role that matches your skills and career goals and show us why you’re the person for the job. Don’t see the right opportunity? Consider joining our Talent Community.

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Step 2: Connect with your recruiter

If one of our recruiters sees a fit, they’ll set up a short intro call to learn more about you and how your experiences and skills match the role.

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Step 3: Show off your skills

If you and our team would like to continue the process, you’ll interview with our hiring team. Some roles may also require technical assessments and/or client interviews.

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Step 4: Decision time

Our team will then review each candidates’ potential to succeed in the role. This step may take some time because we want to find the right fit for both you and us—but you can count on us to keep you updated.

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