FR: VP/SVP - FDS

What will you do:

Roles & Responsibilities

 Develop and implement fraud strategy, policy and initiatives PAN India. End to end
responsibilities for Fraud Prevention & Investigations
 To establish and assist proactive fraud prevention mechanism and fraud detection / investigations
 Devising an approach focusing on prevention, detection rather than recovery.
 Implementation / Review of fraud control procedures and implementation of new deterrents to
fraud through investigations and follow up action
 Ensure diligence using fraud prevention tool and initiating and monitoring investigation basis
observations from the tool.
 Ensure effectiveness in all the processes.
 Provide strategic intelligence to Fraud Analytics and detection team to enhance performance.
 Work with the other control function to strengthen the control framework
 Liaise and work with law enforcement agencies, professionals and commercial organizations in
this field of expertise.
 Liaison and maintenance of effective communication with Police, Government authorities and
external fraud investigators to collate and share intelligence as appropriate, and to ensure that
company is kept abreast of the most up to date information/intelligence on crime.
 To lead team / self-manage investigations of suspicion of fraudulent, criminal and security
activities as reported by stakeholders, providing an independent report for management to assist
the disciplinary process and represent company in any related police and court proceedings, if
any.
 Leading, mentoring and managing a team of 15-20 people
 Regulatory reporting related to Fraud and related controls / instances
 Stakeholder Management to support them with best in class processes with digitized innovation
and controls
 Liasoning with the Regulators. Also, represent FDS function effectively with Regulatory
Authorities.
 Implement regulatory guidelines issued by such agencies from time to time
 Proactively bring industry best practices and also strengthen system as well as function by adding
new parameters to proactively detect fraudulent activities
 Create awareness and trainings programs for clients, staff, channel partners etc to help in reduce
fraudulent activities
 With increasing cybersecurity issues, exposure to the same will be added advantage.

What we are looking for

 15 years + of experience in Fraud Risk Management. In depth understanding of risk management,

branch operations, operational risk and fraud risk management
 Where you will be based out of: Mumbai – as will have to be on-site for regulatory inspections.