Posted By

user_img

Akasmat Pradhan

Founder at Magna Hire

Last Login: 22 July 2024

131

JOB VIEWS

48

APPLICATIONS

38

RECRUITER ACTIONS

See how you stand against competition

Pro

View Insights

Job Code

1432161

Head - Fraud Management - Banking/Financial Services

caution
10 - 12 Years.Mumbai
Posted 6 months ago
Posted 6 months ago

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

Didn’t find the job appropriate? Report this Job

Similar jobs that you might be interested in

Posted By

user_img

Akasmat Pradhan

Founder at Magna Hire

Last Login: 22 July 2024

131

JOB VIEWS

48

APPLICATIONS

38

RECRUITER ACTIONS

See how you stand against competition

Pro

View Insights

Job Code

1432161

UPSKILL YOURSELF

My Learning Centre

Explore CoursesArrow
Apply on the go!

Download the iimjobs app to
apply for jobs anywhere, anytime

apple

Download on

App Store

playStore

Get it on

Google Play

appPromoQr

Scan to Download