National Head - Risk Control Unit

Job Description :

You will be leading the initiative on Risk Containment on an all-India basis. Our client now has over 4000 clients, 30 branches and a 1000 cr portfolio and has reached a scale and size that requires creating a team that can manage the fraud risk across functions, employees, clients and agencies. As the head of the function, you will be building your team, appoint RCU agencies on locations, set triggers, and conduct investigations. You will also have the ability and skill sets to liaise with law enforcement wherever needed.

The specific job responsibilities are as below :

Specific Responsibilities :

- Recruit and build an effective nationwide RCU team within the organization

- Set up an analytics-based system of triggers to identify suspicious transactions, breach of limits, regulatory violations, etc. and ensure these triggers are thoroughly investigated

- Control loan application fraud by using sampling techniques, mystery shopping and other relevant tools

- Investigation and taking action on identified fraud cases, doing root cause analysis and recommending system-level improvements to control future occurrences

- Monitor collection agencies, Legal & Technical vendors, sample settlement cases, collection receipts, etc.

- Set up regular MIS and reporting to senior management and heads of department

- Monitoring competition and identifying threats to the client

- Check the market for any negative feedback in terms of malpractices, systemic frauds etc being operational in the organization.

- Support HR teams for background verification of candidates being considered for recruitment.

- Carrying out employee investigation for malpractices & frauds based on directions of senior management/HR.

Preferred Profile :

- Post Graduate with 12- 15 yrs of experience in fraud and risk management

- Exposure of fraud risk management in the retail asset BFSI space

- Ability to build and lead a team

- Proven ability to investigate and take to a logical conclusion all fraud cases including interfacing with law enforcement officers

- Willingness to travel to all locations of the organization

- Knowledge of legal documents required for secured lending.