Fraud Risk Role - Diversified Financial Services Group

Fraud Risk (CA/ MBA) - 8-15 yrs

One of India's leading diversified financial services group looking for Sr candidate experienced in Fraud Risk also strong exposure in Fraud Risk Policy Formulation, fraud investigations; fraud prevention and risk management with BFSI / Finance Consulting domain.

Education : CA /MBA

Responsibilities :

- Responsible for setting up and implementing anti-fraud risk framework at the organisation level.

- Defining Fraud Risk Appetite, Framework & establish Fraud Risk Management strategies the groups' retail & wholesale businesses.

- Conduct fraud vulnerability assessments across the Organisation

- Conduct theme based reviews basis industry and internal insights

- Identification & implementation of cost-effective tools for fraud deterrent, prevention, detection, response (investigation and remediation).

- Manage the fraud prevention, detection and investigation processes to ensure that fraud cases are identified, solved and reported in a timely and organized manner.

- Remain abreast of industry developments and long-term strategies across the corporation, and all corporate policies &procedures. Provide appropriate and regular assurance reporting and awareness of new trends in relation to Fraud Risk events to senior management.

- Run awareness campaigns, set up whistle blower mechanisms, and conduct periodic training.

- Should design and conduct of Fraud awareness training programs and interactive E-learning programs on Fraud Awareness

- Support Whistle-blower framework & sound ethical culture which will in turn support Fraud Risk Management framework.

- Actively participate in selection of systems /tools used for Fraud Risk Management, ensuring enterprise requirements are met and support enterprise framework and policy.

- Proactively communicate with the respective SBU Heads, COOs & CROs fraud risk issues.

- Escalate significant fraud events to members of Risk Committee, SBU Heads, COOs & CROs as appropriate.

- The role will also involve operational risk responsibilities.

Functional Skills :

- Should have hands on extensive experience in Fraud Prevention, Investigations, Forensic Audit, Fraud Risk Assessments and Fraud Awareness trainings.

- In depth knowledge of operational risk, governance and control techniques.

- Knowledge of Risk assessment, risk mitigation, risk event management techniques.

- Should have excellent analytic ability to understand the diverse complex business issues, identifying root causes and recommending solutions.

- Strong understanding of the relationships between businesses and support units within a financial institution and how they impact the overall control environment and audit approach.