Rajat Nathile
Fraud & Risk Data Analyst
Mumbai
Summary
Personable business professional bringing successful 6 -year career in financial roles within large and fast-paced corporations. Release-planning specialist trained in advanced Excel modeling. Creative solutions architect with real-time problem-solving flexibility.
Overview
6
6
years of professional experience
7
7
years of post-secondary education
Work History
Deputy Manager-Fraud and Risk Data Analyst
Kotak Mahindra Bank
08.2022 - Current
- Maintained up-to-date knowledge on industry best practices, incorporating relevant information into existing procedures as needed.
- Conducted regular audits to identify areas of vulnerability and opportunities for improvement in fraud detection systems.
- Provided training to staff on emerging fraud trends, ensuring proactive approach to risk management across organization.
- Leveraged statistical models to identify high-risk transactions, optimizing resources towards areas requiring enhanced scrutiny.
- Enhanced risk management strategies for increased company security and reduced financial losses.
- Improved efficiency of risk assessment processes, streamlining operations and reducing false positives.
- Optimized Fraud Detection Systems through continuous refinement of rule sets based upon ongoing analysis of system effectiveness.
- Collaborated with cross-functional teams to develop comprehensive fraud prevention plans.
- Assisted in development of internal controls, enhancing overall security measures against various types of fraud schemes.
- Detected fraudulent activities by conducting thorough investigations and analyzing transactional data.
- Streamlined reporting processes for more accurate tracking of key performance indicators related to fraud and risk mitigation efforts.
- Reviewed customer accounts for unusual activity or patterns indicative of potential fraud risks, flagging concerns for further investigation.
- Served as subject matter expert on regulatory compliance requirements pertaining to fraud and risk management initiatives.
- Reduced fraud instances by implementing advanced data analysis techniques and monitoring patterns.
- Analyzed large amounts of data to find patterns of fraud and anomalies.
Deputy Manger-Fraud Investigation
Kotak Mahindra Bank
08.2022 - Current
- Spearheaded fraud investigation leading to investigation of all types of fraud occurring on banks credit card.
- Produced detailed reports of fraud investigations and presented findings to senior management.
- Assisted investigation efforts regarding possible fraud activity of misappropriated funds.
- Planned, coordinated and conducted investigations involving broad scope of fraud and related offenses to detect and verify suspected criminal violations.
- Worked with auditors to conduct investigations into suspected theft or fraud by internal personnel.
- Completed thorough investigations for state to minimize fraud, waste and abuse of credit cards.
- Conducted confidential and specialized investigations into potential fraud situations.
Senior Officer-Credit Card Fraud Analyst
DBS Bank
10.2021 - 07.2022
- Carry out fraud monitoring on credit card and debit card transactions and taking pro active follow-up action to mitigate fraud exposure to customer and bank.
- Handle fraud related inquiries and complaints from merchant and customers to get it resolved on priority.
- Monitoring Debit card frauds on Visa Alerts.
- Analyzing fraud patterns and creating rules accordingly to educe fraud.
- In depth complete investigation for all card present & card not present frauds with appropriate closure intimation to customers.
- Checking for transaction getting declined with authorization perspective and resolving issue to maintain transaction approval.
- Provide necessary support in processing of Authorization related tasks.
- Running day to day and monthly authorization reports and inspecting same.
Officer-Credit Card Fraud Monitoring Analyst
Axis Bank
02.2018 - 10.2021
- Detection, prevention and minimization of potential frauds by reviewing malicious fraud transactions generated by transaction monitoring systems.
- Analyzing fraud transaction pattern and recommending rules to reduce fraud exposure.
- Consulting card holder regarding dispute process for fraud transactions for amount recovery.
- Establishing contact with merchants for cancellation or reversal of fraud transaction amount.
- Analysis of international and domestic fraud customer service files.
- Review alert and cases action by analysts to ensure decision-making is appropriate , alert and case narratives are complete, accurate and comply with internal policies.
Education
Bachelors of Engineering (Mumbai University) - Electrical Engineering
A.C. Patil College of Engineering
Navi Mumbai 08.2012 - 05.2017
H.S.C -
Independant Junior College Rural Institute
Amravati, India 07.2010 - 03.2012
S.S.C. -
New Orange City Convent
Warud, India 07.2009 - 05.2010
Skills
Task Delegation
Process and procedure development
Performance Improvements
Statistical Analysis
Data Analysis
Risk Analysis
Analytical Thinking
Project Management
Strategic Thinking
Microsoft Excel
Timeline
Deputy Manager-Fraud and Risk Data Analyst
Kotak Mahindra Bank
08.2022 - Current
Deputy Manger-Fraud Investigation
Kotak Mahindra Bank
08.2022 - Current
Senior Officer-Credit Card Fraud Analyst
DBS Bank
10.2021 - 07.2022
Officer-Credit Card Fraud Monitoring Analyst
Axis Bank
02.2018 - 10.2021
Bachelors of Engineering (Mumbai University) - Electrical Engineering
A.C. Patil College of Engineering
08.2012 - 05.2017
H.S.C -
Independant Junior College Rural Institute
07.2010 - 03.2012
S.S.C. -
New Orange City Convent
07.2009 - 05.2010