Assistant Manager - Fraud Risk Lifecycle - Banking

Work from Office - 5 days Working

Qualifications & Experience:

- Education: Bachelor's or master's degree. Advanced degree preferred

- Preferable training/certifications in any of these: Fraud Certification (e.g. Certified Fraud Examiner - CFE), any other Risk Certification

- Excellent oral & written communication skills in English as well as the local language (If any)

- Minimum 3 years of experience in Banking domain particularly knowledgeable and experience in handling entire life cycle of frauds (detection, prevention, investigation, reporting

- Strong analytical and problem-solving skills

- Excellent verbal and written communication skills

- Ability to collaborate effectively with others

- Proficiency in Microsoft Office and other relevant software

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

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

- Proactive Identification/Prevention of frauds :

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

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

- Handle resolution / closure of alerts / highlight exceptions

- Investigation of frauds & 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

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

- Prepare/finalise detailed fraud report for circulation to stakeholders

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

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

- Reporting of frauds & Monitoring Status

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

- Conduct periodic fraud awareness training to employees and stakeholders

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