VP- Fraud Monitoring

1 week ago

Bengaluru, Karnataka, India First Abu Dhabi Bank Full time

Job Description

Job Purpose:

The Group Fraud Risk & Investigations function is part of the group's Risk Management function and provides second line Fraud Risk oversight for the firm's front office and support / control functions.

The role of the VP Fraud Monitoring entails leading and establishing a team of Fraud alert Analysts operating on a 24*7 basis. The incumbent will be responsible to document and implement appropriate SOP's and SLAs with various stakeholders. The incumbent is responsible to ensure the effective day to day operations of the alert monitoring team, provide periodic reports and ensure adherence to standards and other predefined requirements in order to timely identify and prevent fraud. The incumbent is responsible to appropriate handling of alerts with aim of minimizing impact to customer experience and business efficiency, identify emerging risks and trends and closely collaborate with departmental peers to develop mitigation measures aimed at reducing fraud and losses while maximizing recovery opportunities.

Key Accountabilities:

Strategic Contribution

Team Supervision (only for Team leaders and supervisors)

Organize and supervise the work of the assigned team to ensure that all work within a specific area of the activity is carried out in an efficient manner, which is consistent with operating procedures and policy. Provide on-the-job training and constructive feedback to assigned team to support their overall development. Promote the organization's values and ethics in all activities within the team in order to support the establishment of a value drive culture within the bank .

Budgeting and Financial Performance

Monitor the financial performance of a given area of activity versus budgets and ensure all activities are carried out in line with the approved guidelines while promptly reporting on any variances to management.

Policies, Systems, Processes & Procedures

Provide inputs and implement policies, systems and procedure for the assigned team so that all relevant procedural/legislative requirements, fulfilled while delivering a quality, cost-effective service.

Continuous Improvement

Participate in the identification of opportunities for continuous improvement and sustainability of systems, processes and practices considering global standards, productivity improvement and cost reduction.

Reporting

Prepare sectional statements and reports timely and accurately to meet FAB and department requirements, policies and quality standards.

Job Context:

Job Specific Accountabilities

Establish a 24*7 fraud alert monitoring capability by documenting and implementing appropriate processes and methodologies to support the Bank's fraud detection and preventon strategy. Provide input to the development of a comprehensive global fraud alert monitoring framework. Ensure that monitoring standards are adhered to by the analysts and team leaders. Create, develop and ensure that Quality Assurance is executed across samples of alerts from all fraud detection systems. Lead a diverse team of Fraud Monitoring Analysts and their team leads in the day to day execution of the functions tasks. Coach the team of fraud analysts and team leaders on fraud modus operandi by reviewing findings/reports of alerts investigated, reported frauds and define alert action methodology to keep pace with emerging fraud modus operandi. Monitor efficiency and affectiveness of the teamand take appropsiate corrective action if monitoring output deviates from expected outcomes. Conduct rule efficiency analysis and make recommendations to improve the functions performance as well as possible rule and/or system enhancements to improve fraud prevention/detection rates and reduce false positives. Ensure regular measurement of monitoring performance to metrics to demonstrate effectiveness and efficiency of the function in pursuance of the Department's objectives. Where performance deviates from expectations take necessary corrective action. Actively participate in the planning and execution of complex, sensitive or high risk related fraud monitoring alerts under the guidance of Head Governance and/or Group Head of Fraud Investigations. Ensure adherence to all TAT's. Support the Project team for POC's and other adhoc/planned developments involving fraud prevention & detection systems and alert monitoring. Lead collaboration efforts between the team and Bank support functions such as Group Legal, Group HR, IT etc, during the course of fraud monitoring. Provide fraud monitoring support to international operations when required. Participate and provide subject matter expertise input to risk assessments of new products, initiatives and channels when required. Act as subject matter expert and provide input to the creations of fraud awareness and training material as well as participating in the delivery of the material when required. Provide monthly data, statistics and information to the Head of Fraud Governance & Oversight to facilitate production of periodic monitoring submissions into the departments consolidated report. Ensure that analyts adhere to all applicable regulations that the Bank may be subject to. Collaborate with external parties such as Police and Public Prosecution where required. Network with industry peers to share intelligence and best practices. Stay updated with latest trends in banking fraud, technology, monitoring and investigation techniques. Foster a culture of integrity and compliance within the team.

Qualifications

Minimum Qualification

Bachelor's degree in criminal justice, Law, Finance, Business, or a related field. ACFE certification preferred.

Minimum Experience & Competencies

Minimum of 10 years' experience in fraud monitoring, preferably in the banking sector. At least 4 years' leadership experience managing a team of people. In-depth understanding of banking operations. Strong analytical, problem-solving, and decision-making skills. Strong focus on managing a team executing operational activities. Excellent report writing skills. Excellent communication and presentation skills. Ability to travel as needed to bank's global locations.

  • Analyst- Fraud Monitoring

    1 week ago

    Bengaluru, Karnataka, India First Abu Dhabi Bank Full time

    Job Description Job Purpose: This role is responsible to support Fraud Risk Monitoring by reviewing alerts generated by fraud prevention & monitoring systems to prevent and detect frauds Key Accountabilities: Core Responsibilities Review and conclude alerts generated by fraud prevention/monitoring systems Continue to monitor current...

  • Specialist- Fraud Investigations

    1 week ago

    Bengaluru, Karnataka, India First Abu Dhabi Bank Full time

    Job Description Job Purpose: The Group Fraud Risk & Investigations function is part of the group's Risk Management function and provides second line Fraud Risk oversight for the firm's front office and support / control functions. The role of Specialist Fraud Investigator is to support the VP Fraud Investigations in the delivery of the function's...

  • Fraud Investigation, Transaction Monitoring

    1 week ago

    Bengaluru, Karnataka, India Royalspro Full time

    Semi VoiceB.Com graduates with minimum 1.6 Years of work experience from Fraud Investigation, Transaction Monitoring.Should be flexible to work in for any shift timings.Fixed week offs (Sat & Sun).Interview rounds: HR discussion / Voice assessment Interview/Ops InterviewPay: Up to ₹420,000.00 per yearBenefits: Health insurance Provident FundSchedule:...

  • Sr. Fraud

    1 week ago

    Bengaluru, Karnataka, India Alp Consulting Limited Full time

    Fraud AnalyticsAbout Straive: Straive is a market leading Content and Data Technology company providing data services, subject matter expertise, & technology solutions to multiple domains.Data Analytics & Al Solutions, Data Al Powered Operations and Education & Learning form the core pillars of the company's long-term vision. The company is a specialized...

  • Fraud Analytics

    1 week ago

    Bengaluru, Karnataka, India NeerInfo Solutions Full time

    Neerinfo Solutions is a Leading executive search firm providing services to leading IT services, Manufacturing, Captives, and BFS companies.One of our clients aTop Tier 1 IT Services Companyis looking to hire for aFraud Analytics roleRole: Fraud AnalyticsLocation- Gurgaon, Bengaluru, MumbaiExperience - 3+yearsPosition type: PermanentOnly Female Candidates...

  • Fraud Analytics

    1 week ago

    Bengaluru, Karnataka, India NeerInfo Solutions Full time

    Neerinfo Solutions is a Leading executive search firm providing services to leading IT services, Manufacturing, Captives, and BFS companies.One of our clients a Top Tier 1 IT Services Company is looking to hire for a Fraud Analytics roleRole: Fraud Analytics Location- Gurgaon, Bengaluru, Mumbai Experience - 3+years Position type: PermanentMandate: Fraud...

  • Sr. Fraud

    1 week ago

    Bengaluru, Karnataka, India Alp Consulting Limited Full time

    Fraud Analytics Job at StraiveAbout Straive: Straive is a prominent Content and Data Technology company that offers data services, subject matter expertise, & technology solutions to various industries. The core pillars of the company's vision are Data Analytics & AI Solutions, Data AI Powered Operations, and Education & Learning. It specializes in providing...

  • Sr. Fraud

    1 week ago

    Bengaluru, Karnataka, India Alp Consulting Limited Full time

    About Straive: Straive is a prominent Content and Data Technology company that offers data services, subject matter expertise, and technology solutions to various industries. Data Analytics & AI Solutions, Data AI Powered Operations, and Education & Learning are the primary focus areas guiding the company's long-term vision. Specializing in providing...

  • Fraud Risk

    1 week ago

    Bengaluru, Karnataka, India JPMorgan Chase Bank, N.A. Full time

    As Fraud Risk Associate within Consumer Banking Risk Management, the individual will be responsible for fraud analysis and preventive measures to maintain strong fraud detection and prevention rates while balancing approval rates, operational expense, and customer experience. Strong focus on managing within and preforming better than planned budgets to...

  • Senior Fraud Officer

    1 week ago

    Bengaluru, Karnataka, India HSBC Full time

    Some careers have more impact than others. If you're looking for a career where you can make a real impression, join HSBC and discover how valued you'll be. HSBC is one of the largest banking and financial services organisations in the world, with operations in 62 countries and territories. We aim to be where the growth is, enabling businesses to thrive...

  • Avp - Fraud Analytics

    1 week ago

    Bengaluru, Karnataka, India Citi Full time

    Business Analytics Manager (C12)About Citi: Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate...

  • VP- Investigations Manager

    1 week ago

    Bengaluru, Karnataka, India First Abu Dhabi Bank Full time

    Job Description Job Purpose: The Group Fraud Risk & Investigations function is part of the group's Risk Management function and provides second line Fraud Risk oversight for the firm's front office and support / control functions. The role of the Fraud Investigations Manager entails leading a team of Fraud Investigators in alignment with the...

  • Risk & Fraud Operations

    1 week ago

    Bengaluru, Karnataka, India CRED Full time

    what is CRED?CRED is an exclusive community for India's most trustworthy and creditworthy individuals, where the members are rewarded for good financial behavior.CRED was born out of a need to bring back the focus on a long lost virtue, one of trust, the idea being to create a community centered around this virtue. a community that constantly strives to...

  • Fraud Investigation Intern

    1 week ago

    Bengaluru, Karnataka, India slice Full time

    Company Descriptionslice, feel easy with money.slice's purpose is to make the world better at using money and time, with a major focus on providing the best consumer experience. We believe that the best product will always transcend customer demographics, like how great music touches most of us.slice app brings a fast and simple way to make payments and...

  • Senior Manager, Fraud Prevention Strategy

    1 week ago

    Bengaluru, Karnataka, India Oportun, Inc Full time

    ABOUT OPORTUN Oportun (Nasdaq: OPRT) is a digital banking platform that puts its 1.9 million members' financial goals within reach. With intelligent borrowing, savings, budgeting, and spending capabilities, Oportun empowers members with the confidence to build a better financial future. Since inception, Oportun has provided more than $15.5 billion in...

  • Avp- Retail Bank Fraud Analytics

    1 week ago

    Bengaluru, Karnataka, India Citi Full time

    Citi is looking for an energetic, motivated professional to join its Fraud Analytics team as a Business Analytics Manager. The Business Analytics Manager provides full leadership and supervisory responsibility while providing thought leadership and direction to team.This role partners closely with Senior stakeholders, Fraud Policy, Fraud Operations and...

  • VP – Business Consulting

    1 week ago

    Bengaluru, Karnataka, India HSBC Full time

    Some careers have more impact than others. If you're looking for a career where you can make a real impression, join HSBC and discover how valued you'll be. HSBC is one of the largest banking and financial services organisations in the world, with operations in 62 countries and territories. We aim to be where the growth is, enabling businesses to thrive...

  • Fraud Risk Data Analytics

    1 week ago

    Bengaluru, Karnataka, India JPMorgan Chase Bank, N.A. Full time

    The Fraud Risk Analytics & Intelligent Reporting (AIR) team is part of the Consumer Banking Risk Management and Fraud Center of Excellence (COE) team within Consumer Banking Risk.As part of this team you will be responsible for the development, automation and deployment of intelligent solutions that meet the reporting and analytical needs within Consumer...

  • VP & Director Engineering

    1 week ago

    Bengaluru, Karnataka, India Squareroot Consulting Pvt Ltd. Full time

    Our client is a rapidly expanding internet company based in India that recently secured Series A funding. They are in search of exceptional individuals to join their team as **VP & Director of Engineering** in Bangalore.Job Description: Build and lead multiple high-performance engineering teams to drive key aspects of product development. Collaborate with...

  • VP, Cost and Investment Management

    1 week ago

    Bengaluru, Karnataka, India HSBC Full time

    Join a top banking organization like HSBC!HSBC is a major player in the banking and financial services sector across 64 countries and territories. We're on a mission to support businesses and economies, helping individuals achieve their dreams.We're on the lookout for a skilled professional to fill the role of VP, Cost and Investment Management.Principal...