Tata Capital - Vigilance Officer

Key Objective of the Job : 

- Investigated reported frauds in the organization and carry out causal analysis

- Recommend corrective actions for process improvement and control Gaps

- Identify vulnerabilities and recommend improvements

- Report to the senior management of the organization

- Build risk culture, create awareness

Major Deliverables :

- To work as a secretary to the senior management oversight committee to monitor the fraud related incidents and related environment

- To investigate incidents reported as potential fraud, conduct root cause analysis, recommend correction action and monitor implementation of the same

- Conduct periodic fraud vulnerability assessment and suggest changes for improvement

- Report the incidents of frauds and actual frauds to various internal committees, to the committee of the Board and / or to the regulator

- Maintain repository of actual frauds / potential frauds and track recoveries from reported frauds

- To share the learnings from potential / reported fraud related incidents for building strong culture

- Take inputs from operational risk, ALM triggers as a preventive tool

- Handle the vast data and develop meaningful insights relating to frauds

- Identify emerging fraud trends and suggest for possible rule changes/implementation

- Environment scanning and providing alerts to business and field team

- Generate suspicious transactions reports and support the field team to effectively identify the frauds

- Work closely with the fraud control managers across regions and develop the required analysis reports and supply the same at a regular intervals

- Identify system improvements to prevent fraudulent activities / enhancing surveillance

- Review of registered Complaints from fraud inputs

- Share learnings from reported frauds in the industry

- To conduct the fraud vulnerability assessment for new business initiatives

- To participate in adhoc fraud prevention projects including IT system related and cyber risk related matters

- Use of fintech and other industry tools to generate fraud alerts

- To work closely with other control functions

Educational Qualification :

- MBA / CA with 12 - 15 years experience of working in Vigilance / Surveillance Control/ Operational Risk Management / Internal Audit

- Exposure to asset lending (corporate/ housing / retail) is a must

- FRE or other equivalent professional qualification will be an advantage

Desired Experience :

- Minimum of post qualification 5-7 years domain experience in fraud prevention