Fraud Prevention Role

- To conduct fraud risk vulnerability assessment reviews to identify fraud risks, recommend fraud prevention controls and drive implementation of the same in close coordination with the relevant departments within the bank.

- To create and maintain fraud risk register for the bank.

- To facilitate businesses to fix fraud loss limits and track & monitor the same for identifying breaches so as to trigger a process / product review.

- To review Product/Process notes from fraud perspective at pre-roll out stage and ensure inclusion of adequate control measures to address fraud risks.

- Conducting Root Cause Analysis (RCA) for all high value frauds of - 1 crore and above and work with business to identify control gaps and implement suitable fraud prevention controls.

- To prepare monthly dashboards on Fraud Trend analysis along with status of relevant fraud prevention efforts.

- To work in close coordination with relevant teams with respect to customer & employee awareness communications for fraud prevention and detection.

- To work in close coordination with HR for roll out of Fraud prevention related E-learning modules for the bank employees.

- To assist the Unit Head in preparing presentations on fraud prevention initiatives and status thereof in Fraud Prevention Councils & Fraud Risk Management Committee meetings.