Fraud Risk Manager

Fraud Risk Manager

Responsible for Fraud Risk Management

Reporting of Conduit and own bank customers frauds

Suggesting and implementing controls to prevent frauds in bank

Managing a team of fraud risk to ensure that Fraud Risk SOPs are adhered to.

 General understanding of Risk Management function and abilities to take special projects for taking the Fraud Risk Management function to next level

 Ensuring fraud related complaints are closed by Fraud risk team within the TAT.

 Presentation of fraud risk MIS to management.

 Key Deliverables

Operational Risk identification, mitigation, monitoring

·       Ability to analyze big data and fraud trends.

·       Performing root cause analyses on identified fraud risk events and recommending improvements to prevent these risk events from re-occurring in future.

·       Review fraud trends, complaints of customers related to fraud for the bank.

·       Review Risk Management Policies including fraud related policies and processes for the Bank and propose change based on new risk, control enabled and new policies implementation

·       Review of program and tools to ensure they are updated. Strategically suggest automated controls to report or curb frauds

·       Generally performing tests and measure risks, implement controls, measure their effectiveness. Monitoring the implementation of action plans to address medium and red key risk indicators reported monthly to Risk Management.

·       Track and analyze incidences of frauds (successful and attempted) identify causes and implement with respective units comprehensive measures to close loopholes.

·       Frame and release RCSA reports to the central group and arrive at an overall risk for the entity

·       Ability to challenge status quo and suggest constructive changes within the department.

Skills Required

·       Technical acumen;

·       Problem-solving and decision-making abilities;

·       Analytical skills and a good eye for detail;

·       Good communication and presentation skills;

·       Ability to understand broad business issues.

·       Ability to draft and present notes for the management

·       Ability to work cordially with cross functional teams

Analytics , Automation and Documentation

·       System implementation for Fraud Monitoring and Risk Tool.

 Reporting

·       Implementation of the directions of the Board Level Committees

·       Submission of Returns to RBI

·       Preparing trends basis inputs from the industry

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