Manager - Risk Containment Unit - Bank

"urgent hiring for RCU Manager-Bangalore"

- To drive and supervise the fraud check process for applicants before loan approval and also to undertake post disbursement checks for Mortgage, Bills Discounting and Loans against Electronic Receivables

- To drive fraud investigations (customer and employee) and also verifications through industry channels with respect to Background Verification checks.

- To drive technology based RCU monitoring through sampling and screening and rejections through Information Technology.

- To conduct Mystry Shopping/Seeding Activities.

- Second level analysis of Fraud Monitoring System reports and Ethics Helpline reports.

- Identification of potential fraud and misconduct risks within the Bank

- Carry out periodic fraud risk assessments on processes and new products in order to identify and mitigate fraud risks.

- Collaborate with Internal Audit and cross functional teams and identify existing fraud risks.

- Identify new legislation and regulatory requirements and review existing policies and procedures to ascertain whether they are consistent with laws and regulations

- Ongoing research to identify new financial fraud typologies as they evolve. Analysis on the Best Industry practices periodically has to be undertaken.

- Update the anti-fraud controls and procedures utilized within the Company to align with new developments in fraud typologies

- Conduct periodic evaluation of effectiveness of controls to mitigate the risk of fraud and misconduct.

- Submit quarterly / annual progress reports on the outstanding frauds to regulators (as per the reporting matrix provided by RBI).

- Review and analyse comprehensive MIS reports on regular basis and send to Fraud Control Committee