AVP - Fraud Risk Investigation & System Audit - Banking

Position - AVP - System Audit and Risk management

Industry - Banking

Exp - 9+ years

Location: Mumbai

About Client:

Our client is one of the leading and the 2nd largest bank in India. It is committed to maintain the highest level of ethical standards, professional integrity, corporate governance and regulatory compliance. The client's distribution network is spread across the globe. Customers across India are also serviced through multiple delivery channels such as Phone Banking, Net Banking, Mobile Banking and SMS based banking.

It also has multiple ATMs across India. Its ATM network can be accessed by all domestic and international Visa / MasterCard, Visa Electron / Maestro, Plus / Cirrus.

Job Role:

- Accountable for handling and managing system audit and fraud investigations.

Responsibilities -

- Identification & Investigations on Frauds/Disputes

- System Audit & Investigation: To analyze / assess / study in detail the pattern of frauds and risk involved and take corrective actions

- Devise new specs for merchant audits, investigations, basis fraud trends arising in the industry

- Responsible for analyzing the technological frauds with focus on gaps related to integration, platform, data security etc. across the eCommerce, Digital banking portfolio.

- Work on fraud cases to ensure recovery through various mechanism like field, through the help of law enforcement or through other banks, and merchants

- Conducting Field Investigations, Document checks to gather facts on Suspected Frauds

- Evolve controls / risk strategy for all new business initiatives for Ecommerce, Mobile Commerce merchants, Fintech companies, e-Market Place, card processor, vendor associated with card embossing, switching, co brand solutions etc starting from the acquisition to complete customer life cycle.

- Investigate technology driven frauds in new age platform such as : Social media banking channels such Cards Switch's, third party networks, Card embedded with NFC, QR code transactions and Bio metric payment channels etc.

- Determine whether the fraud control strategies are actually effective in reducing instances of fraud

- Gain insight on better ways to design and evaluate controls to prevent, detect and respond appropriately to frauds.

- Involve coordination with the ISG, IS Audit, ORM teams, Vendor, QSA appointed by the bank

- Managing portfolio and plan schedule of system audits

Desired Skills and Expertise:

Education: Graduate or MBA (Preferred) and CISA or Certified Fraud examiner would be an advantage

Exp : 9+ years

Skill required:

- To have flare for digital Commerce, payment gateway and other technological oriented business models and To possess good system knowledge with experience in information security, conceptual, communication, data interpretation and inter-personal skills.

Soni