What are the responsibilities and job description for the Business Analyst - Fraud Detection position at TECHNEPTUNE CONSULTING INC?
Job Title: Business Analyst -Fraud Detection
Location: Irving, TX / Jacksonville FL
Duration: Full-time
Salary: $ 120k/yr to $130k/yr
Role Overview
We are looking for an experienced Business Analyst - Fraud with strong knowledge of banking, financial services, fraud risk management, and fraud prevention processes. The ideal candidate will work closely with business stakeholders, fraud operations, risk management, compliance, and technology teams to analyze business requirements and support the implementation and enhancement of fraud detection, prevention, and monitoring solutions.
The candidate should have strong experience in business requirements gathering, process analysis, functional documentation, stakeholder management, and UAT within banking or financial services environments.
Key Responsibilities
Gather, analyze, and document business requirements related to fraud detection, fraud prevention, transaction monitoring, and fraud risk management.
Collaborate with Fraud Operations, Risk Management, Compliance, AML, Banking Operations, and Technology teams.
Prepare and maintain BRDs, FRDs, user stories, acceptance criteria, process flows, and functional specifications.
Analyze existing fraud management processes and identify gaps, operational risks, and opportunities for process improvement and automation.
Support the analysis of suspicious transactions, payment fraud, account takeover, identity fraud, and other relevant fraud scenarios.
Work with business and technical teams to define business rules, fraud indicators, alert workflows, and case management requirements.
Support fraud investigation workflows, alert review, escalation, and case resolution processes.
Coordinate with development, QA, and product teams throughout the Software Development Life Cycle (SDLC).
Support UAT planning and execution, test scenario development, defect analysis, and business validation.
Analyze business data and prepare reports to support fraud monitoring, operational effectiveness, and decision-making.
Ensure business solutions align with internal policies, risk controls, regulatory expectations, and banking standards.
Participate in Agile/Scrum ceremonies, sprint planning, backlog refinement, and stakeholder reviews.
Required Skills
9 years of overall professional experience, preferably as a Business Analyst in banking or financial services.
Strong understanding of fraud detection, fraud prevention, fraud risk management, and banking operations.
Experience gathering and documenting business requirements, functional specifications, user stories, and acceptance criteria.
Knowledge of transaction monitoring, suspicious activity identification, payment fraud, identity verification, or account security processes.
Experience with BRDs, FRDs, process mapping, workflow analysis, and UAT.
Strong stakeholder management and communication skills.
Experience working with business, operations, risk, compliance, and technology teams.
Understanding of SDLC and Agile/Scrum methodologies.
Strong analytical, problem-solving, and documentation skills.
Salary : $120,000 - $130,000