Posted By
Posted in
Banking & Finance
Job Code
1517482
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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Posted By
Posted in
Banking & Finance
Job Code
1517482