Purpose of Job

Responsible for Fraud Risk Management
Regular reporting to RBI within the timelines.
Responding to complaints of Law enforcement agencies in relation to frauds
Maintaining trackers of response to LEA
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

Job Description Details:

Fraud Risk identification, mitigation, monitoring

Ability to analyze big data and fraud trends.
Ensuring that all compliance related to fraud incident are complied with
Ensuring correct refunds are made to customers as per SOP of the Bank
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
Track and analyze incidences of frauds (successful and attempted) identify causes and implement with respective units comprehensive measures to close loopholes.
Ability to challenge status quo and suggest constructive changes within the department.

Work Experience

5-7 Years of experience in multiple roles in banking in fraud risk.

Educational Level :-

Post Graduate from a renowned institute

Qualification in Risk Management will be added advantage

Fraud Risk Manager