Assistant Vice President/Deputy Vice President - Fraud Risk Management - Digital

Digital Fraud Risk Management

The incumbent of Digital for Fraud Risk Management will lead the development and execution of innovative digital strategies to mitigate fraud risks in retail lending. This role requires a visionary leader with expertise in leveraging technology, data analytics, and process optimization to strengthen fraud prevention, detection, and response mechanisms.

Key Responsibilities:

Digital Fraud Strategy Development:

- Design and implement a comprehensive digital fraud risk management strategy aligned with organizational goals.

- Identify emerging fraud trends and develop proactive measures to address them.

Technology Integration:

- Drive the adoption of advanced technologies for fraud detection and prevention.

- Oversee the integration of fraud detection tools (e.g., Device ID, CKYC, Hunter) into lending workflows.

Data-Driven Decision Making:

- Understanding and Utilization of alternate data sources and analytics to build robust fraud detection rules and triggers.

- Help analytics team to develop predictive models to identify high-risk cases and prevent fraudulent activities.

Process Optimization:

- Enhance fraud risk management processes by automating workflows and reducing manual interventions.

- Collaborate with cross-functional teams to streamline fraud prevention protocols.

Stakeholder Collaboration:

- Work closely with internal teams (e.g., Analytics, underwriting, compliance, legal) and external partners to ensure alignment on fraud risk strategies.

- Engage with Tech service providers and other financial institutions to ensure relevancy of the fraud risk framework.

Performance Monitoring:

- Establish key performance indicators (KPIs) to measure the effectiveness of fraud risk strategies.

- Conduct regular reviews and audits to ensure continuous improvement