Job Views:  
224
Applications:  22
Recruiter Actions:  14

Job Code

1517482

Head - Fraud Control Unit

6 - 10 Years.Noida
Posted 2 days ago
Posted 2 days ago

Job Title: Head - Fraud Control Unit (FCU)

Location: Noida, Sector 16

Industry: NBFC / HFC (Affordable Housing/MSME LAP)

Budget - 18 Lakh - 24 Lakh

Job Summary:

We are seeking an experienced and dynamic professional to lead the Fraud Control Unit (FCU). The Head - FCU will play a pivotal role in safeguarding the organization from fraud risks by implementing robust risk management frameworks, adhering to regulatory guidelines, and fostering a culture of compliance. The ideal candidate will have a deep understanding of the affordable housing and MSME LAP segments, extensive experience in fraud risk management, and strong leadership skills.

Key Responsibilities:

Fraud Risk Management:

- Develop, implement, and maintain comprehensive fraud risk management policies and frameworks.

- Identify, assess, and mitigate fraud risks specific to affordable housing and MSME LAP segments.

- Establish systematic processes for fraud detection, reporting, and resolution.

Regulatory Compliance:

- Ensure compliance with NBFC-specific regulatory norms and digital lending guidelines.

- Monitor adherence to KYC, AML, and other statutory requirements across all processes.

- Collaborate with regulatory bodies and ensure timely submission of required reports.

Risk Mitigation and Control:

- Design and execute risk-based audit processes to enhance fraud control.

- Implement automated tools and technologies for fraud detection and prevention.

- Analyze portfolio performance to detect and address early warning signals.

Team Leadership:

- Build, mentor, and lead a high-performing fraud control team.

- Provide training to teams on fraud risk, regulatory compliance, and best practices.

- Foster a collaborative and compliance-oriented culture across departments.

Stakeholder Collaboration:

- Work closely with sales, product, and business development teams to integrate fraud risk strategies into operations.

- Manage vendor relationships, ensuring timely deliverables and quality standards.

Operational Excellence:

- Lead investigations into employee integrity and fraud cases with discretion and accuracy.

- Monitor and ensure timely resolution of identified fraud risks or discrepancies.

- Conduct regular risk reviews and update strategies to address emerging fraud trends.

Qualifications:

- Bachelor's degree (MBA or specialization in Finance preferred).

- 7+ years of experience in fraud control or risk management within NBFCs or banks.

- Proven expertise in affordable housing and MSME LAP segments.

- Certified Fraud Examiner (CFE) or Financial Risk Management (FRM) certifications are highly desirable.

Skills and Attributes:

- In-depth knowledge of fraud risk management, KYC, and AML compliance.

- Strong understanding of NBFC regulatory norms and digital lending guidelines.

- Leadership skills with a proven ability to manage and mentor teams.

- Excellent analytical, problem-solving, and decision-making capabilities.

- Proficiency in fraud detection tools and audit processes.

- Effective communication and stakeholder management skills.

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Job Views:  
224
Applications:  22
Recruiter Actions:  14

Job Code

1517482

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