EVP - Fraud Containment Unit - Corporate

Job Description: -

Set up robust Fraud Containment Unit for various businesses / Support functions of the bank viz: CMS, Trade Finance, Assets, Fincon, Admin, Technology, Procurement, Centralized Operations etc.

- Institute appropriate early warning signals, red flags, fraud triggers and exception reports for prevention of frauds.

- Identify various areas which are highly vulnerable and prone to fraud pan bank especially from third parties / customers and internal staff. Institute controls around the vulnerable areas.

- Implement structured calendar reviews for carrying out fraud vulnerability assessments and assigning fraud loss limits as required per the regulatory guidelines.

- Identify various areas which are prone to fraud in the existing operational procedures & systems.

- Advise corrective action plans and mitigants for all gaps / weakness identified. Ensure all observations are carefully tracked and taken to logical closure.

- Introduce mystery audits and surprise checks within the bank with a view to dip stick the level of controls on fraud prevention.

- Groom team members in the areas of fraud detection and fraud prevention.

- Participate in various industry seminars and fraud councils with a view to keep abreast on various fraud trends in the banking industry.

- Arrange for Fraud Certifications for self and team members through highly reputed, certified and established regulated entities.

- Constantly touch base with competition and peer banks to understand and implement the best practices adopted in the industry on fraud prevention

Key Skills -

Should have the expertise and foresight to identify areas which are easily prone to frauds.

- Should have prior work experience in Fraud Risk Management function / or Internal audit / or Vigilance functions.

- Ability to think ahead of the fraudster.

- Should be tech savy and have eye for detail

- Knowledge on Trade & CMS is not must but shall be an added advantage.

- Minimum 10 to 12 years of work experience in any of the following areas viz Risk Containment, Vigilance, Fraud Risk Management, Internal audit.

- Confident / Effective communication with top management

- Impressive work-rate

- Relationship with BU heads

- Takes ownership / Self-motivated

- Unorthodox/ innovative

- Effectively leverages prior field experience.