VP & Head – Fraud & Risk Control Unit

 Banking industry experience in fraud & risk management (preferably both Liability & Asset
Products)
 Design and Implementing controls and procedures aimed at the detection & prevention of fraud
and the enforcement of FRM policy.
 Responsible for internal (Management Committee) & external (regulatory) reporting of Frauds,
RCAs and mitigating actions.
 Monitor and review the progress of the mitigating steps taken by the Bank in case of frauds and
the efficacy of the same in containing fraud numbers and values
 Strong working knowledge on Fraud monitoring tools and industry best practices covering
Banking operations & Merchant / API network operations.
 Strong analytical approach to identify suspicious trends and patterns across various operations
and transactions and to initiate corrective actions.
 The incumbent should be able to lead a Field Risk Control Team, nurturing them and handling
regional concerns.
 Liaison with Authorities including Law enforcement Agencies, investigation agencies etc. with
respect to notices / complaints and ensure timely and appropriate responses.
 Conduct and lead investigations of incidents independently through interactions with staff,
merchant, account holder and partners in order to identify root cause, modus operandi and
parties involved in the fraud incident and initiate required corrective and recovery steps.
 Demonstrated problem solving, decision making and leadership skills required to manage the
Anti-Fraud Unit & Risk Control Unit of the Bank.
 Interact with Business Heads and Other Vertical Heads on investigations and work with the
management team to raise awareness of fraud risks and develop best practices within the
Organization.
 To review processes and identify weaknesses that can be targeted by Fraudsters if not
addressed, suggest improvements therein to mitigate Fraud risks.

A) Skills:

Classification: Confidential

Classification: Confidential
 Strategic Thinking

 MBA

 12-15 Years of experience in Fraud & Risk Control Management (at least 5 Years in Heading such
unit)

Relevant Certification on Fraud & Risk Management