Risk and Fraud Analyst

About Fam (previously FamPay) Fam is India's first payments app for everyone above 11. FamApp helps make online and offline payments through UPI and FamCard. We are on a mission to raise a new, financially aware generation, and drive 250 million+ youngest users in India to kickstart their financial journey super early in their life. Founded in 2019 by IIT Roorkee alumni, Fam is backed by some of the most respected investors around the world like Elevation Capital, Y-Combinator, Peak XV (Sequoia Capital) India, Venture Highway, Global Founder’s Capital and the likes of Kunal Shah, Amrish Rao as angel investors. About this Role We’re looking for a Fraud & Risk Analyst to help keep our platform safe, trusted, and resilient. You’ll work on real transaction data, investigate suspicious behaviours, and help strengthen our defences against fraud and misuse, all while enabling millions of young users to transact confidently. If you’re curious, detail-oriented, and excited by the challenge of outsmarting bad actors in a fast-moving fintech environment, this role is for you. Bring your analytical mindset, your risk radar, and help us build a safer future for digital finance. On the Job

Investigate users flagged by internal risk engines and external monitoring systems

Analyze transactional behavior to identify potential fraud, misuse, or compliance risks

Conduct end-to-end investigations and document findings with supporting evidence

Prepare investigation summaries, reports, and case documentation

Assist in regulatory reporting, including preparation and filing of STRs

Coordinate with internal teams for escalations and closure of high-risk cases

Must-haves (Min. qualifications)

1–2 years of experience in transaction monitoring, fraud, or risk investigations

Experience investigating users flagged by internal risk engines and external monitoring systems

Hands-on exposure to STR preparation and filing

Working knowledge of FIU-IND portal

Familiarity with regulatory reporting portals such as DAKSH

Basic understanding of fraud detection techniques and AML / risk management processes

Strong documentation and reporting skills

Good to have

 Experience in fintech, payments, or regulated financial entities

Prior exposure to regulatory audits or law enforcement requests

Why join us?

Get hands-on exposure to real-world fraud patterns and evolving risk scenarios in fintech

Take ownership of investigations that protect millions of users and the business

Play a key role in strengthening trust, safety, and compliance on a fast-growing payments platform

Learn fast in a dynamic environment where regulation, technology, and risk intersect

Make a real impact by helping build a safer financial ecosystem for the next generation