Assistant/Deputy Manager - Risk

Job Title: Fraud Risk Management - Manager

Company

Credila Financial Services Ltd

Location

Mumbai

Department

Risk – Fraud/Operational Risk

Travel

Occasional

About the Company

Credila (Formerly known as HDFC Credila Financial Services Limited) Credila Financial Services Limited (“Credila”) is one of India’s largest education loan non-banking financial companies (NBFCs) offering education loans to Indian students. With an in-depth understanding of the higher education domain in India as well as overseas, Credila offers tailor-made education loan solutions that help enable students to be financially equipped to pursue their education at their dream university and country of study. Since inception, Credila has funded 178,000+ Indian students across 63 countries in 4,600 institutes.

Key roles and responsibilities

ü  Responsible for review / modification to Fraud Risk Management Policy and Fraud SOP. Ensuring effective on-ground implementation of the policy/framework

ü  Create/conceptualise EWS – Fraud system to proactively identify and prevent fraud

ü  Proactive Identification/Prevention of frauds :

o   Review new/existing products/processes from fraud risk perspective

o   Review alerts from internal/external sources. Analyse/review pattern and trends to prevent fraud scenarios

o   Handle resolution / closure of alerts / highlight exceptions   

ü  Investigation of frauds (incl Whistle Blower Cases):

o   Conduct detailed investigation of actual/potential fraud cases – understand the modus operandi, root cause, suggest corrective/preventive actions. Incidents can be reported by internal / external sources   

o   Coordinate/collaborate with stakeholders for conducting/closing investigation effectively / implement fraud prevention strategies / identify areas for improvement

o   Prepare/finalise detailed fraud report for circulation to stakeholders

o   Analyse attempted fraud incidents to review for any concerning trends / patterns

ü  Responsible for coordinating/convening Vigil Working Group and CoE meetings as per requirement

ü  Reporting of frauds & Monitoring Status:

o   Maintain and report fraud incidents internally and to relevant regulatory authority (as required) including handling of FMR and updation to FMR

o   Follow-up on ATR/ actionables

ü  Monitor key trends in industry, regulatory changes, and best practices to ensure compliance with relevant regulations/standards

ü  Conduct periodic fraud awareness training to employees and stakeholders

ü  Continuously improve the operational efficiency and effectiveness of fraud risk management processes/practices

About Company

Credila, a subsidiary of HDFC Ltd., is India’s first dedicated education loan company, providing customized education financing solutions for students pursuing higher studies in India and abroad.

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