CSB Bank / Head - FRM / Mumbai

Job Description:

Job Role: Head – Fraud Risk Management

Years of Experience :  12 Years to 17 Years  (Minimum of 10 years’ experience in fraud monitoring and prevention in a bank & At least three years’ leadership experience managing a team of people)

Education : Any Graduation with ACFE certification Mandatory

Job Description

This is a senior level position overseeing the implementation of the bank’s fraud detection and prevention strategy.

Managerial Responsibilities.

Identify and manage the fraud risk across the organisation.

Functional  Responsibilities.

1. Establish a 24*7 fraud alert monitoring capability by documenting and implementing appropriate processes and methodologies to support the bank’s fraud detection and prevention strategy.
2. Ensure that the monitoring standards are adhered to by the analysts and team leaders.
3. Create, develop and ensure that Quality Assurance is executed across samples of alerts from all fraud detection systems.
4. Lead a diverse team of fraud monitoring analysts and their team leads in the day to day execution of the functions tasks.
5. Coach the team to keep pace with emerging fraud modus operandi. Provide bank-wide training on latest trends in frauds and the prevention techniques.
6. Monitor efficiency of the team and take corrective actions, wherever necessary.
7. Conduct rule efficiency analysis and carry out necessary changes to improve fraud prevention/ detection rates and reduce false positives.
8. Ensure adherence of all TATs.
9. Evaluate the current fraud prevention system used by the bank and recommend changes if required.
10. Provide subject matter expertise input to risk assessments of new products, initiatives and channels when required.
11. Provide regular data and feedback to the top management.
12. Collaborate with law enforcement agencies where required.
13. Network with industry peers to share intelligence and best practices.
14. Stay updated with the latest trends in banking fraud, technology, monitoring and investigation techniques.
15. Foster and culture of integrity and compliance within the team.