Head - Fraud Risk Management - Bank

Job Description :

Experience : 15 years banking experience, out of which 5 years shall be in Vigilance/Fraud Risk

- Identify fraudulent transactions and cancel them from further processing.

- Maintain fraud analysis models to improve efficiency and effectiveness of company systems.

- Ensure confidentiality of all information collected during investigation.

- Recommend anti-fraud processes for changing transaction patterns and trends.

- Recommend new software tools used for fraud detection, prevention and reporting activities.

- Diagnose vulnerability to fraud

- Detect gaps in anti-fraud controls

- Recommend Mitigating Antifraud Controls

- Continuous or Periodic Monitoring

- Develop Fraud Response Plan

- Identify inherent fraud risk

- Gather information to obtain the population of fraud risks that could apply to the organization. Included in this process is the explicit consideration of all types of fraud schemes and scenarios; incentives, pressures, and opportunities to commit fraud; and IT fraud risks specific to the organization.

- Assess likelihood and significance of inherent fraud risk; Assess the relative likelihood and potential significance of identified fraud risks based on historical information, known fraud schemes, and interviews with staff, including business process owners.

- Implementation of programs and controls through the assignment of roles, building of internal competencies, and deployment of resources.

Location : Kochi