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Job Title: Business Analyst – FRM/Falcon
Location: Navi Mumbai – Airoli
Department: Information Technology
Experience: 5 – 10 Years
Job Purpose: Drive fraud risk management enhancements for retail/cross-border payments via Falcon platform, reducing losses and ensuring RBI/NPCI compliance. The EFRM BA owns end-to end analysis for fraud prevention systems, focusing on real-time transaction monitoring, rule configuration, false positive reduction, and integration with payment channels. This role supports NPCI schemes, SWIFT, and core banking etc., while handling regulatory audits and incident response.
Key Responsibilities:
• 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.
Educational Qualification (Fulltime): Bachelor of Technology (B.Tech) / Bachelor of Science (B.Sc) / Master of Science (M.Sc) /Master of Technology (M.Tech) / Bachelor of Computer Applications (BCA) / Master of Computer Applications (MCA)
Eligibility typically includes the qualifications and experience outlined in the job description above, with around 5-10 Years years of relevant experience expected for this role.
The key responsibilities for this role are detailed in the Key Responsibilities section above, covering the core duties expected of a Business Analyst at IDFC FIRST Bank.
This role requires around 5-10 Years years of relevant experience, as specified in the job listing. Please refer to the Qualifications & Experience section above for full details.
Skills relevant to this position are outlined in the Qualifications & Experience section above. In general, strong communication, domain knowledge, and the ability to meet role-specific targets are valued across similar BFSI positions.
You can apply directly using the Apply Now button on this page, which will take you to IDFC FIRST Bank's application process for this role.