Manager - Vigilance (Investigation)

Objective

This is a supervisory position that involves managing day to day operations of Vigilance, conduct investigations, oversight of teams work, monitoring of regulatory compliances, maintaining various repositories, trackers, MIS etc.

Key Responsibilities

• Assists and supports the HOD Vigilance in the development of strategies and processes for activities under Vigilance.
• Investigation and inquiry:
• Lead and oversee investigations into frauds, financial irregularities, and other misconduct of various natures.
• Draft and issue show cause notice
• Maintenance of EWS framework for early detection of fraudulent activities
• Gather, review, and analyze evidence to identify causes and recommend preventive actions.
• Prepare investigation reports with factual findings, conclusions, and suggested disciplinary measures.
• Regulatory compliances and reporting:
• Ensure adherence to RBI regulations and guidelines related to fraud detection and reporting (Fraud Monitoring Reports etc.).
• Develop and implement vigilance policies in line with RBI norms and statutory obligations.
• Submission of documents/ information/ data in response to requests from regulatory authority
• Annual fraud report for Board
• Quarterly Fraud Report for Board
• Preparation of presentation decks and minutes of meeting wherever required
• Support in internal and statutory audits.
• Preparation of dashboard, trackers, data repositories related to activities under Vigilance.
• Ensuring adherence to the service levels through Key Performance Indicators such as TAT, quality parameters etc.
• Maintain and enhance Standard Operating Procedures to ensure efficiency across process.
• Ability to work in a professional manner with stakeholders and in accordance with organizational values.
• Responsible for risk assessment and control of fraud detection and prevention strategies, enhancements of processes, and strategy implementation.
• Understand business direction, structure, business trends, operating environment changes.
• Use interview techniques to question internal and external individuals about facts pertaining to matters under investigation.
• Coordination with various functions such as Sales, Operations, Underwriting and Collection department etc.

Need to Have Areas

• Knowledge of fraud trends, tools and techniques to combat document/technical frauds.
• Chartered Accountant
• Certification in Fraud (CFE)