Fraud Investigation - Investment Bank

Role & Responsibilities :

- Lead the investigation function within India and support business units by way of timely and effective investigations on cases.

- Ensure compliance with regulatory requirements related to fraud & misconduct investigations and promote the implementation of best practices to enhance this function.

- Should be able to identify gaps/ weakness if any as part of the investigation process and provide recommendations to enhance the overall control environment within the bank.

- Be responsible for developing and implementing policies, standards, and practices that are necessary to ensure timely and efficient investigation of cases related to fraud, staff misconduct, wrongdoing, bribery & corruption.

- Carry out investigations and staff accountability reviews on NPA accounts.

- Ensure timely and accurate reporting within the organization and also to regulators.

- Coordinate with stakeholders and Group FCSS wherever required to ensure that the investigation a framework is continually strengthened.

- Responsible for liaison with law enforcement agencies in matters related to frauds.

- Ensure that the fraud investigations and staff accountability reviews are completed within agreed timelines and reports as per group guidelines are shared.

- Ensure that cases are tracked closely, and high-quality reports are published in a timely manner.

- Devise metrices and reporting templates which will be placed in internal committees and also to internal teams.

- Identify areas for improvements as part of the investigation process and highlight the same to stakeholders.

- Reporting of fraud to regulators as prescribed by the regulatory framework.

- Ensure that reporting of fraud to regulators is completed within the timeframe prescribed by the regulator.

- Close coordination with fraud risk teams in other banks/ organizations and participate in industry risk forums

- Collaborate effectively with stakeholders within the bank and also with counterparts in Group to continually enhance the investigation framework.

Experience :

- At least 10 years of relevant experience.

- Demonstrated knowledge of investigation practices and a good understanding of regulations related to areas of fraud, vigilance, and Anti-bribery/ corruption.

- Demonstrated ability to engage and communicate with stakeholders.

- Relevant tertiary qualifications like CFE and/or demonstrated work experience

- Sound knowledge of banking and other financial services products