Manager - Fraud Risk Management

Job Title: Manager Fraud Risk Management

Location: Mumbai

Reporting To: Head Fraud Risk

Job Summary:

The candidate will be responsible for Liaoning with branches for filling Police Complaints, Updating the Fraudster list, Updating the fraud cases in FIS-EFRM Portal, Fraud to be marked in system, Maintaining all the fraud related documents, coordinating with respective Department for lodging the insurance, Updating CIMS Portal of FMR -3, Filling FMR -4 every quarter on CIMS Portal.

Key Responsibilities:

Meeting Preparation for FRC & SCBMF Meeting:

• Preparing Attendance Sheet
• Preparation of Agenda
• Collecting all notes of different verticals which are to be placed in meeting.
• Uploading the same in Board Pac for members of the respective committee
• Creating the online meetings and sending the invite.
• FRC Notes to be mailed to members other than Board Pac

Post FRC and SCBMF Meeting:

• Preparation of Decision Sheet
• Signed copy of Note and Decision sheet Scanning to be done.
• ATR File Updation.
• ATR to be sent to the respective departments / branch for further action
• Follow up for closure of ATR Points and placing the pending ATR position in every FRC meeting.

MIS Reporting and Compliance:

• Preparing relevant data / MIS as required by Compliance Department / Internal and External Auditor.
• Submitting Compliance for various points received from Compliance Department
• Maintaining MIS of entire FRM Data.
• Preparing Monthly, Quarterly, Annual Notes (Collecting information from all Zones and Branches) for placing the same before Board and various Committees.
• Monthly reporting fraud details to Risk Management Department (KRI External Fraud losses (% of operating profit))
• Circulating the modus operandi of fraud cases to all branches on quarterly basis.
• Reporting of fraud cases to FIU-IND on monthly basis and to IBA on quarterly basis
• Monthly reporting to RBI
• Preparation of minutes of each meetings and placing the same in Committee and in Board meetings for approval
• Compliance of ATR points received from other Committee meetings
• Sample checking of large value transactions of Treasury Department.

Required Qualifications:

• Education: Any Graduate.
• Experience: 3+ years of experience in fraud detection, risk management, financial analysis, or investigations, preferably within the banking, NBFC industry.

Required Skills:

• Proficiency in Word and Excel
• Excellent written and verbal communication skills to present complex findings clearly and concisely to various stakeholders
• In Depth Industry Knowledge of anti-fraud regulations, financial crime prevention, and compliance standards.
• Ethical Standards: Strong ethical standards and a commitment to maintaining confidentiality and handling sensitive information securely.