Job Title: Manager - Fraud Risk

Experience: 6+ years

Job location: Pune

Job Purpose: Specialist will work to implement Fraud risk control processes and measures within Fintech Banking across segments with the aim of ensuring a safe and sound operating environment. (s)he will be responsible for continuously working towards proactive solutions across all channels to prevent Fraudulent instances and creating awareness among employees with respect to Fraud.

Core Responsibilities:

Process/standards awareness :

- Proactively identify potential risk areas and propose changes to further control and enhance effectiveness of fraud risk management processes for retail lending products.

- Monitor and review suspected fraud/AML cases and work with both internal and external stakeholders to conduct investigations and take appropriate actions.

- Maintaining investigation files in accordance with legal record-keeping policies and retention schedules

- Develop the entire framework ok comprising solutions for individual, channel and collusion fraud.

- Identifying the modus operandi through use of data, past / external incidents, market trends

- Provides adequate support for Audit / inspections and ensure that there are no significant findings through constant dialogue.

- Work closely with the investigation teams to understand threats and develop mitigants.

- Assisting supervisor in conducting thematic reviews of various processes and controls related of Lending business.

- Ensure data sanity between various systems.

- Adherence to processes & standards

- Actively engage internal stakeholders throughout the business to ensure that remediation plans are implemented on time and to the necessary standard.

- Carry out and share the Root Cause Analysis on a bulk/syndicate fraud incident suggesting the plan of action to the management / leadership.

- Escalation and reporting of cases which are breaching SLA for resolution, adherence of regulatory requirements.

- Maintenance of Incidents Database

- Regulatory compliance and assessment

- Ensure adherence to all AML and Fraud regulatory requirements for asset business.

- Ensure detection and reporting of breach of regulatory / control standards. Experience

- Knowledge of fraud prevention and detection controls, AML for asset business

- Understanding of regulatory guidelines issued by regulators and associated impacts

- Adaptive to new technologies and an orientation towards digital technologies

- Banking / Digital Banking /Ecommerce/Payments companies experience desired

- Ability to collect, analyze, and summarize data and to assimilate into a useful format

- Ability to work independently and maintain sensitive and confidential information

- Ability to analyse problems logically and make rational data driven decisions

- Minimum 6 years of experience in banking/fintech domain

- Prior exposure to process writing, controls and governance

Education / Preferred Qualifications :

- Bachelor's degree from a recognized university

- Postgraduate preferable. Certifications in AML and Fraud domain desired

Work Relationship :

- Reporting to Head Risk

- Working with Risk staff, Collections, Business Analytics, Technology, RMs, City Head(s), Operations, vendor(s), Compliance, Consumer Banking Product & distribution teams

- Interactions w/direct reports of Heads of Departments and others defined from time to time

Candidate will be reporting to Head - Credit & Risk and will be managing the team of Fraud Risk.

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