Job title : Manager / Sr. Manager - Fraud & Vigilance

Department : Risk & Compliance

Reporting to : COO

Job Location : Head Office, Church gate, Mumbai

Industry : BFSI

Job description:

- Initiate steps to curb corruption and malpractices in the organization in the capacity of Head Vigilance by conducting inspection for business, products and services by suggesting necessary safeguards, data protection and regular monitoring of various processes and recommend enhanced system improvements to business or IT

- Fraud Risk Assessments (FRAs) of various retail assets, liabilities & other banking & financial products and conduct periodic SOP checks and policies by way of data analysis to identify frauds basis on statistics (repository) across products and services.

- Recommend changes and corrective actions to the senior management/stakeholders considering the fraud trends and modus operand to detect / prevent fraud

- Evaluate potential leakages and frauds by conducting regular inspections to detect instances of improper practices

- Conduct objective, fair, thorough, unbiased and timely investigations into allegations of fraud, waste or abuse committed by employees and any other stakeholders

- Should have hand on experience to write Narrative report based on investigation conducted with evidence to support 'Bring to light' any other inappropriate or unethical business practices

- Follow streamlined preventive mechanisms to curb any violations

- Ensure all risk related activities are closed within TAT

- Receive and deal with any information that has a security dimension and deal with this in a confidential manner

- Collaborate with various stakeholders within & outside the organisation with the objective of implementing recommendations and take issues to its logical closure.

- Establish and manage regular cadences with various stakeholders within and outside the organisation with an intent to share learning and/or for closure of any actionable or project.

- Should be well conversant with relevant statues and should be well conversant with RBI / other Regulatory bodies (as applicable) norms and policies.

Key Attributes:

- Should be analytical, confident and self-driven

- Effective written plus verbal communication and presentation skills

- Should have excellent people management

- Advanced knowledge of MS office applications/ other related applications /tech tools

- Cross functional stakeholder management

Preferred candidate profile:

- Minimum 15 years of work experience in Vigilance, Fraud Risk, Fraud control unit and should have good analytical skills, excellent communication and presentation skills.

- Preferably a Post Graduate

- Certifications like CFE - Certified Fraud Examiner or any other relevant Certification with IT related skills specializing in areas like fraud detection and prevention using technology, cyber security, and digital forensics will be an added advantage,

- The incumbent should be expert in identifying, investigating, and mitigating fraud risks with IT knowledge which is particularly valuable in the prevalent modern business environment.