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Job Id: 564
Job Title: Fraud Control Unit
Industry: Banking, Financial Servcies & Insurance
Functional Area: Accounting / Finance / Tax / Audit / Company Secretary
Salary: 20 Lac - 25 Lac
Job Location: Mumbai
About the Client

The company is India's Leading Non Banking Finance Company (NBFC) operating in Wholesale & SME Lending.

As part of the business activities,the company is predominantly focused into Asset Financing and Lending business. The Wholesale Lending Business segment provides specialized and holistic solutions to Indian corporates helping them build and grow their businesses with initial funding, mezzanine financing, acquisition financing etc. They focus on products in the structured credit space backed by adequate collaterals and cash flows to build a secured and quality wholesale lending portfolio.

Job Description

• Setting up and managing Fraud Control policies/ procedures and lead investigations Implementation of fraud control procedures and execution of new deterrents to fraud Building strong relationship with stake holder and ensure adherence to culture with focus on Financial integrity
• Ensure timely closure of Fraud Investigations as well as development of a robust investigation process and formulation of effective root cause analysis and take appropriate actions to mitigate fraud risks.
• Responsible for analyzing the portfolio to initiate the required checks initiating Post Disbursal checks to get the trend/modus operandi for bad behavior of the portfolio and implement the process accordingly to avoid any kind of risk on the portfolio further.
• Leading and managing team of fraud risk professionals for fraud control and prevention
• Fraud prevention and control activities of for Mortgages, SME, Business Loan, Home loan.
• Recommend and follow through on policy changes, wherever required in order to improve the portfolio quality and the quality of application sourcing
• To lead investigations into suspicion of fraudulent, criminal and security activities and providing an independent report for management to assist the disciplinary process
• Manage available resources including cost budget, minimize fraud losses and maximize fraud recoveries.
• Liaison/ maintenance of effective communication with Law Enforcement agencies and superior association with risk managers of other financial institutions
• Training content development for Risk team and other departments for fraud prevention
• Risk Assessment and gaps identification
• Regulatory Reporting and ensuring compliance


Desired Candidate Profile

10+ years of experience in Fraud Control

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