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Fraud Control Unit

Mumbai, MH
Job Code:
  • Banking & Finance
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Job Details

Setting up and managing Fraud Control policies/ procedures and lead investigations Implementation of fraud control procedures and execution of new deterrents to fraud Building strong relationship with stake holder and ensure adherence to culture with focus on Financial integrity Ensure timely closure of Fraud Investigations as well as development of a robust investigation process and formulation of effective root cause analysis and take appropriate actions to mitigate fraud risks. Responsible for analyzing the portfolio to initiate the required checks initiating Post Disbursal checks to get the trend/modus operandi for bad behavior of the portfolio and implement the process accordingly to avoid any kind of risk on the portfolio further. Leading and managing team of fraud risk professionals for fraud control and prevention Fraud prevention and control activities of for Mortgages, SME, Business Loan, Home loan. Recommend and follow through on policy changes, wherever required in order to improve the portfolio quality and the quality of application sourcing To lead investigations into suspicion of fraudulent, criminal and security activities and providing an independent report for management to assist the disciplinary process Manage available resources including cost budget, minimize fraud losses and maximize fraud recoveries. Liaison/ maintenance of effective communication with Law Enforcement agencies and superior association with risk managers of other financial institutions Training content development for Risk team and other departments for fraud prevention Risk Assessment and gaps identification Regulatory Reporting and ensuring compliance
Degree: M.Com. (Commerce) | M.Pharm. (Pharmacy) | M.Sc. (Science) | MA (Arts) | MBA/ PGDM | MCA/ PGDCA

Additional Degree: BA (Arts) | B.Com. (Commerce) | B.Pharm. (Pharmacy) | B.Plan. (Planning) | B.Sc. (Science) | BBA/ BBM/ BBS | BCA (Computer Application) | Diploma-Other Diploma | B.Ed. (Education) | BHM (Hotel Management)

Experience: 10-15


Civil Law | Corporate
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