Lead – Fraud Control Unit

JOB DESCRIPTION –
Job Title: Lead – FCU COE
Reporting To: Head – Fraud Control Unit
Department: Risk
Location: Corporate Office, Gurugram, Haryana
Responsibilities for the job
Lead end-to-end Fraud Analytics strategy across all digital lending products, covering onboarding, underwriting, disbursement, and repayment lifecycle
Own fraud risk performance for the portfolio by monitoring key metrics such as FPD, EPD, fraud rates, and loss trends; ensure fraud losses remain within defined thresholds
Design, develop, and continuously enhance fraud detection strategies leveraging rules engines, scorecards, statistical models, and advanced analytics techniques
Lead the development and deployment of next-generation fraud detection capabilities using Generative AI, including LLM-powered workflows, Retrieval-Augmented Generation (RAG), and autonomous AI agents
Conceptualize and implement agentic workflows to automate fraud investigation processes, anomaly detection, and signal generation at scale
Drive innovation through use of synthetic data generation and simulation frameworks to identify emerging fraud typologies and stress-test fraud controls
Define and implement fraud risk policies, underwriting rules, and approval frameworks to optimize customer experience while minimizing fraud risk
Collaborate with business, partnerships, and external stakeholders to strengthen sourcing quality, improve underwriting frameworks, and enhance fraud prevention mechanisms
Lead partnerships with external data providers (bureau, alternate data, device intelligence, telecom, etc.) and evaluate new data sources through pilots and POCs
Drive deep-dive analytics on fraud incidents, emerging patterns, and channel-level risks; translate findings into actionable strategies, features, and rule enhancements
Build and oversee scalable fraud data infrastructure, including feature marts and monitoring systems, in collaboration with Data Engineering, Tech, and DWH teams
Define fraud KPIs, dashboards, and reporting frameworks for senior leadership, ensuring timely and actionable insights
Lead cross-functional collaboration with FCU, Risk, Credit, Collections, Compliance, and Tech teams to drive fraud prevention initiatives and improve portfolio quality
Present fraud insights, strategic recommendations, and performance updates to senior leadership and stakeholders
Ensure compliance with regulatory guidelines, audit requirements, and internal risk governance standards
Lead audit engagements, policy reviews, and hindsight analyses to continuously strengthen fraud frameworks
Mentor and guide junior analytics team members, fostering analytical excellence and innovation within the team
Other Responsibilities (If Any):-
The role encompasses ownership of fraud risk strategy across the full lending lifecycle, including fraud policy design, analytics, AI-led innovation, portfolio monitoring, and partner ecosystem management.
Eligibility Criteria for the Job
Education
Bachelor’s degree in engineering, Statistics, Mathematics, Economics, Computer Science, or related quantitative field.
(MBA / PGDM / Master’s in Analytics, Data Science, or AI is a plus)
Work Experience
6–10 years of experience in fraud analytics, risk analytics, or data science within BFSI / NBFC /
FinTech. Strong experience in unsecured digital lending products such as Personal Loans, Consumer Loans, BNPL, Credit Lines, or Cross-sell portfolios. Experience in leading fraud strategy, policy design, and data-driven risk decisioning is essential
Primary Skill
Deep expertise in fraud analytics and strategy across digital lending portfolios, with proven ability to design and deploy data-driven fraud prevention frameworks. Strong understanding of fraud typologies, risk policies, and portfolio performance management
Technical Skills
Advanced proficiency in SQL and Python/PySpark for large-scale data analysis and automation
Strong experience in machine learning techniques (supervised and unsupervised) for fraud detection and risk modelling.
Hands-on experience with Generative AI technologies including LLMs, prompt engineering, vector databases, and agentic frameworks (LangChain, LlamaIndex, AutoGen, etc.).
Experience working with big data platforms (e.g., Databricks) and building scalable data pipelines.
Strong understanding of rule engines, decision systems, and automated underwriting frameworks
Experience in data visualization tools such as Power BI for fraud monitoring dashboards.
Management Skills
• Strong leadership and team management capabilities
• Ability to drive cross-functional initiatives and influence stakeholders
• Experience in mentoring and developing analytics talent
Soft Skills
Strong strategic thinking and problem-solving ability
Ability to work in ambiguous environments and drive structured solutions
Excellent communication and presentation skills for senior stakeholders
Strong collaboration and influencing skills across business, risk, and technology teams
High ownership mindset with focus on innovation and continuous improvement

Work arrangement
No