LendingKart - Senior Manager - Fraud Control Unit

This opportunity is with Lendingkart Finance Ltd:

Founded in early 2014 by Harshvardhan Lunia (Ex-banker) .Lendingkart is a Fin-tech platform that facilitates working capital financing for SMEs in India. Lendingkart's vision is to simplify and standardize the MSME financial products ecosystem

Some high level things you would own but not limited to:

As the Senior Manager, you will be responsible for overseeing all aspects of fraud prevention, detection, investigation, and mitigation within the organization. You will lead a team of fraud analysts and investigators, develop and implement strategies to combat fraudulent activities, and collaborate with various departments to ensure adherence to fraud prevention policies and procedures.

Key Responsibilities:

Team Leadership:

- Supervise, mentor, and train a team of fraud analysts and investigators.

- Set clear goals and objectives for the team and monitor their performance. Foster a collaborative and supportive work environment to ensure effective teamwork.

Fraud Prevention Strategy:

- Develop, execute and implement comprehensive fraud prevention strategies and initiatives.

- Stay updated on emerging fraud trends, technologies, and methodologies to adapt strategies accordingly.

- Assess adoption of Best Practices used in the Industry through Peer Networking.

- Conduct regular assessments of existing fraud prevention measures and make recommendations for improvement.

Detection and Investigation:

- Oversee the investigation of suspected fraudulent activities, including reviewing transactional data, conducting interviews, and gathering evidence.

- Analyze patterns and trends in fraudulent activities to identify potential risks and vulnerabilities.

- Highlight Lapses and suggest mitigates to prevent them in future.

- Coordinate with law enforcement agencies and legal counsel as necessary during investigations to help in conclusive closure of Identified Fraud cases and assist in Recovery.

Risk Assessment and Mitigation:

- Conduct risk assessments to identify potential areas of vulnerability to fraud.

- Implement controls and measures to mitigate fraud risks, including enhancing authentication processes and monitoring systems.

- Collaborate with internal audit and compliance teams to ensure alignment with regulatory requirements and industry best practices.

Policy and Procedure Development:

- Formulate fraud prevention policies, procedures, and protocols.

- Communicate and enforce fraud prevention policies across the organization.

- Provide training and awareness programs to educate employees on fraud risks and prevention strategies.

- Drive a culture of Zero Tolerance across the Organization through strict enforcement of Fraud Prevention Policy and Processes.

Reporting and Documentation:

- Prepare regular reports on fraud incidents, investigations, and outcomes for senior management and relevant stakeholders.

- Maintain accurate records of fraud incidents, investigations, and resolutions in accordance with regulatory requirements and company policies.

Qualifications:

- Bachelor's degree in accounting, finance, business administration, or related field. Advanced degree or professional certification (e.g., Certified Fraud Examiner) preferred.

- Proven experience of minimum 8 to 9 years in fraud prevention, detection, and investigation, preferably in a managerial or supervisory role.

- In-depth knowledge of fraud schemes, methodologies, and prevention techniques.

- Knowhow of Integration of Internal & External Fraud Tools & Solutions.

- Strong analytical skills with the ability to interpret complex data sets and identify patterns indicative of fraudulent activity.

- Excellent leadership and team management abilities, with a track record of building and motivating high-performing teams.

- Effective communication and interpersonal skills, with the ability to liaise with internal and external stakeholders at all levels.

- Sound judgment and decision-making skills, particularly in high-pressure situations.

- Proficiency in relevant software applications and tools for fraud detection and investigation.