Job Description:
• Fraud Strategy & Policy: Develop and implement a comprehensive fraud prevention strategy, policies, and initiatives across India, focusing on proactive detection and prevention.
• Fraud Prevention & Detection: Establish and assist in fraud prevention mechanisms and detection systems, ensuring a shift from recovery-focused actions to a more preventive approach.
• Fraud Control Procedures: Oversee the implementation of fraud control procedures, introducing new deterrents through thorough investigations and follow-up actions.
• Investigative Oversight: Lead and monitor all fraud investigations across locations to ensure thoroughness and effectiveness, with no slippages.
• Fraud Prevention Tools: Utilize fraud prevention tools to ensure diligence, initiate investigations, and monitor outcomes based on observations.
• Process Efficiency: Ensure all processes related to fraud prevention and detection are effective and up-to-date.
• Strategic Intelligence: Provide strategic insights to enhance the performance of various teams and strengthen the organization's control framework.
• Collaboration: Work with other functions to improve internal controls and coordinate efforts to reduce fraud risks.
• Law Enforcement Liaison: Liaise with law enforcement agencies, professionals, and commercial organizations to support fraud investigations and prevention efforts.
• Investigations & Reporting: Lead investigations into suspected fraudulent or criminal activities, providing independent reports for management and representing the company in related legal proceedings.
Qualifications & Experience :
- Experience - 15 years
- Proven experience in fraud prevention, investigation, and control in Bank & NBFC.
- Strong leadership and strategic thinking skills.
- Ability to collaborate with cross-functional teams and law enforcement agencies.