Head - Fraud Control Unit

Position: Head - Fraud Control Unit (FCU)

Location: Gurgaon

Industry: Housing Finance

Experience: 18+ years in fraud risk management, investigations, and compliance, preferably in housing finance, NBFC's, or banking

Key Responsibilities:

Fraud Risk Strategy & Governance:

- Develop and implement a robust fraud risk management framework for housing finance products.

- Establish proactive fraud detection and prevention mechanisms across the loan lifecycle.

- Ensure adherence to regulatory and internal fraud control guidelines.

Investigation & Case Resolution:

- Lead high-profile fraud investigations related to home loans, LAP (Loan Against Property), and affordable housing loans.

- Collaborate with law enforcement agencies, forensic experts, and legal teams to resolve fraud cases.

- Maintain a fraud incident database and conduct trend analysis for continuous risk assessment.

Process & Policy Enhancement:

- Design and refine fraud control policies, SOPs, and governance frameworks.

- Conduct periodic audits and risk reviews to identify vulnerabilities in existing processes.

- Work closely with credit underwriting, operations, and collections teams to strengthen fraud risk controls.

Technology & Advanced Analytics:

- Implement AI/ML-based fraud detection tools for real-time risk monitoring.

- Establish red-flag indicators and early warning systems for fraud prevention.

- Utilize data analytics to detect patterns, anomalies, and suspicious transactions.

Regulatory Compliance & Reporting:

- Ensure strict compliance with RBI/NHB fraud risk management guidelines.

- Prepare fraud MIS reports and present insights to senior management and regulatory bodies.

- Conduct fraud awareness training programs for employees across departments.

Key Skills & Qualifications:

Education: CA/MBA/Certified Fraud Examiner (CFE) preferred.

Experience: 18+ years in fraud risk management, forensic audits, or compliance in housing finance, NBFC's, or banking.

Technical Expertise: Experience with fraud analytics tools, forensic investigation techniques, and AI-driven fraud detection.

Leadership & Stakeholder Management: Strong leadership, decision-making, and collaboration skills.

Compensation: Competitive, based on experience and qualifications.