Bengaluru has emerged as India's primary hub for financial crime (FinCrime) analyst talent, contributing nearly one-third of the nation's active talent pool. This makes the city a preferred destination for organizations seeking to bolster their capabilities in risk management, compliance, and fraud prevention.
A recent report, "FinCrime Talent Pulse: India's Workforce Trends," by Careernet, highlights Bengaluru's dominance in the FinCrime talent landscape. The report indicates that Bengaluru leads across mid and senior experience levels. Specifically, the city accounts for approximately 32% of the total active FinCrime talent pool in India. Following Bengaluru, Delhi NCR and Hyderabad each contribute 17%, while Chennai (12%) and Mumbai (7%) round out the top five. The remaining 9% of the FinCrime talent pool is spread across Tier II and emerging cities, signaling a broader national distribution.
While Bengaluru leads overall, Mumbai demonstrates a stronger presence of active talent at senior levels, suggesting a higher demand for experienced professionals in that city. This could be attributed to the concentration of financial institutions and corporate headquarters in Mumbai.
Neelabh Shukla, Chief Business Officer at Careernet, notes that India is becoming increasingly crucial for global organizations building FinCrime capabilities. This is due to the country's extensive talent pool, deep domain expertise, and cost-effective scalability.
The "FinCrime Talent Pulse" report is based on an analysis of over 25,500 active job seekers across key domains such as KYC (Know Your Customer), sanctions, fraud control, and regulatory compliance. The analysis spans five major sectors, including GCC (Gulf Cooperation Council) banks, Indian banks, consulting firms, financial services companies, and offshoring entities.
According to the report's skill-distribution data, 58% of the active FinCrime workforce is involved in KYC, Customer Due Diligence (CDD), and monitoring functions. This underscores the industry's ongoing emphasis on onboarding compliance, risk mitigation, and AML (Anti-Money Laundering) checks. Meanwhile, 22% of the active FinCrime talent pool focuses on fraud-related activities.
The concentration of FinCrime talent in Bengaluru reflects the city's broader strength in attracting white-collar professionals. Karnataka, as a state, leads India in attracting white-collar inbound talent, followed by Haryana and Telangana. Bengaluru dominates the experienced talent pool with 34 lakh professionals. Professionals with up to six years' experience constitute over one-third of the active talent pool. Mid- to senior-level talent (6-12 years' experience) comprises 33%, while senior professionals represent 18%.
