Head - Fraud Management - Banking/Financial Services

We are seeking an experienced Head of Fraud to develop, implement, and manage our fraud prevention and detection strategies. You will lead a team of fraud investigators, collaborate with various departments, and ensure regulatory compliance. Your role is crucial in safeguarding the bank's assets and reputation by mitigating fraud risks.

Key Responsibilities:

- Develop and implement comprehensive fraud prevention and detection strategies.

- Lead, mentor, and manage a team of 8-9 fraud prevention professionals.

- Oversee the monitoring and analysis of transactional data to detect and prevent fraud.

- Lead and manage fraud investigations, ensuring timely and accurate reporting.

- Develop, update, and enforce fraud-related policies and procedures.

- Collaborate with risk management, compliance, IT, and legal departments.

- Act as the primary contact for fraud-related matters, providing regular updates to senior management and the board.

- Stay updated on fraud trends, techniques, and regulatory changes.

- Conduct regular fraud risk assessments and recommend mitigation strategies.

- Communicate with the business team about fraud modeling and prevention strategies.

Qualifications:

- 10-12 years of hands-on experience in fraud management, with at least 5 years in a leadership role in banking or financial services.

- Strong analytical and problem-solving skills.

- Proficiency in fraud detection systems and technologies.

- Excellent communication and interpersonal skills.

- Experience with algorithms (Python, AWS) and time series modeling.

- Certified Fraud Examiner (CFE) or equivalent certification preferred.

- Bachelor's degree in Finance, Accounting, Business Administration, or a related field; advanced degree or professional certification preferred.

- Tier 1/2 education background is highly desirable.

Benefits:

- Competitive salary and benefits package.

- Opportunities for professional growth and development.

- Dynamic and collaborative work environment.

- Health and wellness programs.

Location: Mumbai

Work Type: Full Time