Chief Manager - Fraud Risk Control - Consumer & Commercial Banking

Opening - Fraud Risk Control (Consumer and Commercial Banking)

Designation : Chief Manager

Location : Mumbai

Company : Leading Financial Services Firm

Principal Responsibilities:

- Develop fraud control strategy, systems and policies to mitigate fraud risk

- Accountable for all fraud processes and procedures management

- Lead investigation on high ticket fraud cases and reporting the investigation findings with action plan to management team, card associations and RBI.

- Represent the company in various risk and legal forums

- Scheme fraud and Chargeback compliance risk management and reporting (MFP, GMAP, GMCMP, APM etc.)

- Responsible to manage fraud ratios of business within acceptable levels

- Portfolio risk analysis and management - Identifying the emerging fraud trends and high risk and grey areas and build systems or process to secure or mitigate risk.

- Implement several risk control systems or processes that would strengthen the organization and make it more immune to frauds

- Must have fraud management experience in the Liabilities side

- Conduct routine maintenance and review of fraud detection attributes and adjust effectiveness based on business needs and fraud trends

- Stay current with fraud loss Prevention techniques and technologies and network/benchmark with other best resources available in industry.