Varun Maiya

About Varun Maiya

An Experienced Fraud Analyst with keen understanding of financial systems, data analysis…

Experience

1. Risk Analyst - Trust & Safety

   PhonePe

   Sep 2024 — Present · Bengaluru, IN

   Possess comprehensive knowledge of financial and payment fraud schemes, including transaction fraud, chargebacks, account takeovers, and identity theft. Leverage expertise in fraud detection and prevention to conduct in-depth investigations into reported payment transactions, analyzing customer behavior, transaction patterns, and other data to uncover fraudulent activity.Data analysis: pattern recognition, anomaly detection, using tools like SQL, ExcelStay updated on emerging fraud schemes, cybercrime trends, and regulatory requirements (AML, KYC, CFT, etc.).Support law enforcement or regulatory inquiries with detailed analytical reports and documentation.Possess comprehensive of 2 type of investigation methods as follows:Proactive investigationProactively identify and mitigate emerging fraud risks by conducting research, analyzing trends, and developing innovative fraud prevention strategies. Using the Risk-based approach, Focusing on high-risk entities, sectors, or activities.Collaborate effectively with cross-functional teams to implement robust fraud detection measures and enhance system security, resulting in a 50% reduction in payment fraud. Reactive investigationsHave hands-on experience working on Cyber crime Portal to understand the type of fraud happening and the flow of funds in different layers of payments.Data scraping and segregation data received on the Cyber crime portal and bring the data into a quarriable format to identify the different types of fraud complaints and bulk marking the reported transactions and blacklisting of fraud reported accounts.Skillfully investigate and resolve chargeback disputes, minimizing financial losses and ensuring compliance with industry regulations.Understanding of Lien marked transactions and coordination with government agents and banks to understand the lien marked process and effectively bring down the lien marked value.