Kotak Mahindra Bank | Head: Fraud Risk Management, Governance and Fraud Risk Identification | india

21 hours ago

india Kotak Mahindra Bank Full time

Job Summary:


The job involves

  • Developing fraud governance polices ensuring compliance to regulatory guidelines and standards
  • Overseeing the proactive identification, assessment, and analysis of fraud risks across all business units in the Bank. This role involves developing and implementing frameworks and tools to detect potential fraud vulnerabilities, analysing emerging threats, and collaborating with stakeholders to ensure a strong fraud risk management system. The position requires a blend of analytical expertise, strategic thinking, and deep industry knowledge to safeguard organizational assets and reputation.


Key Responsibilities:


Strategic Leadership:

  • Develop and execute a comprehensive fraud prevention strategy aligned with organizational goals and regulatory requirements.
  • Establish and oversee the organization’s fraud risk governance framework, policies, and procedures.
  • Lead initiatives to build a strong anti-fraud culture across the organization.

Governance and Framework Development:

  • Develop, maintain, and enhance the organization’s fraud risk governance framework, policies, and procedures.
  • Ensure alignment of the fraud risk framework with the enterprise-wide risk management strategy and regulatory requirements.
  • Set risk appetite and tolerance levels specific to fraud risk and monitor adherence.

Fraud Risk Management:

  • Identify emerging fraud trends and proactively implement measures to mitigate risks.
  • Ensure robust fraud detection systems, analytics tools, and reporting mechanisms are in place and optimized.
  • Monitor and challenge fraud prevention controls, ensuring effectiveness against evolving threats.

Risk Oversight and Advisory:

  • Provide independent oversight and challenge to the first line of defence's fraud risk management activities.
  • Review and assess the effectiveness of fraud detection and prevention strategies implemented by operational teams.
  • Advise on fraud risk mitigation measures and best practices to address identified vulnerabilities.

Monitoring and Reporting:

  • Regularly report on fraud risk trends, issues, and controls to senior management, committees, and the board.
  • Escalate significant fraud risk concerns or incidents, ensuring prompt and adequate resolution.

Stakeholder Collaboration:

  • Collaborate with the first line of defence, compliance, internal audit, and risk management teams to promote a strong fraud risk culture.
  • Serve as a subject matter expert on fraud risk governance in cross-functional projects.
  • Engage with regulators, auditors, and external stakeholders on fraud-related matters.

Policy and Regulatory Compliance:

  • Monitor changes in regulatory expectations and advise on necessary adjustments to the fraud risk framework.

Stay updated on regulatory changes and industry trends to adjust strategies accordingly.

Control Effectiveness Reviews:

  • Assess and validate the effectiveness of fraud controls and the adequacy of responses to fraud incidents.
  • Recommend enhancements to fraud detection tools, technology, and processes.


Qualifications and Skills:


Education:

  • Bachelor’s degree in finance, accounting, business administration, risk management, or a related field.
  • Advanced degrees (e.g., MBA, Master’s in Risk Management) or certifications such as Certified Fraud Examiner (CFE), Certified Risk Management Professional (CRMP), or Certified Internal Auditor (CIA) are highly preferred.


Experience:

  • Minimum of 10–15 years of experience in fraud risk management, governance with significant time spent in leadership roles within banking.
  • Proven experience in managing complex fraud investigations and regulatory engagements.
  • Prior experience in a second-line-of-defense or oversight role is highly desirable.


Skills:


  • Strong understanding of risk management principles, fraud schemes, and financial crime regulations.
  • Excellent analytical and problem-solving skills with a focus on root cause analysis.
  • Proficiency in fraud risk tools, governance systems, and data analysis software.
  • Strong communication and stakeholder management skills, including report writing and presentations.
  • Familiarity with regulatory standards such as ISO 31000, Basel guidelines, or regional compliance frameworks.

  • Kotak Mahindra Bank | Head: Fraud Risk Management, Governance and Fraud Risk Identification | india

    5 hours ago

    india Kotak Mahindra Bank Full time

    Job Summary: The job involves Developing fraud governance polices ensuring compliance to regulatory guidelines and standards Overseeing the proactive identification, assessment, and analysis of fraud risks across all business units in the Bank. This role involves developing and implementing frameworks and tools to detect potential fraud vulnerabilities,...

  • Kotak Mahindra Bank | Head: Fraud Risk Management, Governance and Fraud Risk Identification | india

    1 day ago

    india Kotak Mahindra Bank Full time

    Job Summary:The job involves Developing fraud governance polices ensuring compliance to regulatory guidelines and standardsOverseeing the proactive identification, assessment, and analysis of fraud risks across all business units in the Bank. This role involves developing and implementing frameworks and tools to detect potential fraud vulnerabilities,...

  • Head: Fraud Risk Management, Governance and Fraud Risk Identification

    4 hours ago

    India Kotak Mahindra Bank Full time

    Job Summary: The job involves Developing fraud governance polices ensuring compliance to regulatory guidelines and standards Overseeing the proactive identification, assessment, and analysis of fraud risks across all business units in the Bank. This role involves developing and implementing frameworks and tools to detect potential fraud...

  • Head: Fraud Risk Governance Strategist

    17 hours ago

    India Kotak Mahindra Bank Full time

    Role Overview:Kotak Mahindra Bank seeks a seasoned fraud risk governance strategist to spearhead the development and implementation of robust fraud prevention strategies aligned with regulatory requirements.Salary:$200,000 - $300,000 per annumKey Responsibilities:Design and execute a comprehensive fraud risk management framework, ensuring compliance with...

  • Kotak Mahindra Bank | Propositions Manager | india

    2 weeks ago

    india Kotak Mahindra Bank Full time

    Job purpose: Creating Propositions and liase with Channel to increase penetration of the proposition. Ensuring Best in Class Propositions are built across the segment to attract customers and increase usage of products by customer. The core philosophy of the "Proposition" model is Customer-in vs Product-out. Key responsibilities: Identification of growth...

  • Kotak Mahindra Bank | Propositions Manager | india

    2 weeks ago

    india Kotak Mahindra Bank Full time

    Job purpose:Creating Propositions and liase with Channel to increase penetration of the proposition. Ensuring Best in Class Propositions are built across the segment to attract customers and increase usage of products by customer. The core philosophy of the "Proposition" model is Customer-in vs Product-out.Key responsibilities:Identification of growth...

  • Kotak Mahindra Bank | ERM

    2 weeks ago

    india Kotak Mahindra Bank Full time

    Senior Branch Relationship Manager/Elite Relationship Manager Location: Aluva, Kottayam. Designation: Manager JOB DESCRIPTION Role-Senior Branch Relationship Manager To handle customer service requirements like account opening, DMAT account opening, grievances, liability product selling, and education on product features, cheque book issuance. ...

  • Credit Saison India | Risk Analyst

    4 weeks ago

    india Credit Saison India Full time

    About Credit Saison India: Established in 2019, CS India is one of the country’s fastest growing Non-Bank Financial Company (NBFC) lenders, with verticals in wholesale, direct lending and tech-enabled partnerships with Non-Bank Financial Companies (NBFCs) and fintechs. Its tech-enabled model coupled with underwriting capability facilitates lending at...

  • IndusInd Bank | Credit Risk

    2 weeks ago

    india IndusInd Bank Full time

    Role Details The position would manage Risk for Wholesale Credit for the bank and report to Head-Risk. Responsibilities would include: Responsible for Credit Risk Management Policies of the Bank for Wholesale Credit portfolio so as to align it with the best Risk Management practices. Ensure implementation of the same and have internal governance around the...

  • Unity Small Finance Bank | Head of Market Risk | india

    1 week ago

    india Unity Small Finance Bank Full time

    1.Portfolio Risk Management- A cross asset top-down view for senior management to understand the various market risks across the trading and banking landscape that Unity Bank is exposed to; including highlighting material risks whether they are driven by individual trades or caused by concentrations or market liquidity concerns.2.Responsible for the...

  • Kotak Mahindra Bank | BRM/BRM-BD | india

    2 weeks ago

    india Kotak Mahindra Bank Full time

    Branch Relationship Manager Department : Retail Liabilities – Branch Banking Location : Vadakara, Kozhikode - Nadakkavu, Ernakulam, Kochi - Ravipuram, Kottiyam(Old Center Name), Thiruvalla Position Grade : Deputy Manager Job Role: Branch Relationship Manager Sales of Complete Product Basket (viz. Banks and Investment Products, Cross-Sell...

  • Visa | Senior Manager Risk Management | india

    2 weeks ago

    india Visa Full time

    Job Description Ecosystem Risk Senior Manager will play and crucial role in managing risk of Visa Payment Ecosystem and be responsible for leading the investigations and associated mitigation steps of ecosystem risk cases and incidents for Central and Eastern Europe, Middle East and Africa (CEMEA) region. The Role involves implementation and management of...

  • Junior Analyst

    2 months ago

    india Razorpay Full time

    Roles and ResponsibilitiesMonitor transactions/ merchants to identify risk/fraud and take necessary action immediately.Handle transaction queries in case of discrepancies where disputes arise from the customer.Work closely with the partner banks and Cybercell to handle chargebacks/customer disputes and ensure timely recovery to reduce losses.Speak to...

  • Junior Analyst

    2 months ago

    india Razorpay Full time

    Roles and Responsibilities Monitor transactions/ merchants to identify risk/fraud and take necessary action immediately. Handle transaction queries in case of discrepancies where disputes arise from the customer. Work closely with the partner banks and Cybercell to handle chargebacks/customer disputes and ensure timely recovery to reduce losses. Speak to...

  • HDFC Bank | Data Scientist | india

    4 weeks ago

    india HDFC Bank Full time

    Vertical : Credit analytics and innovation Job Purpose Looking for exceptional Data Scientist with a proven track record of experience in Predictive analytics. Job Responsibilities(JR) : 6 – 8 Areas Actionable (4-6) · Scorecard Building and Modelling · Developing analytical models to assess risk profile of a customer / identifying...

  • Senior Manager Risk Management

    2 weeks ago

    India Visa Full time

    Job Description Ecosystem Risk Senior Manager will play and crucial role in managing risk of Visa Payment Ecosystem and be responsible for leading the investigations and associated mitigation steps of ecosystem risk cases and incidents for Central and Eastern Europe, Middle East and Africa (CEMEA) region. The Role involves implementation and management...

  • Credit Risk

    2 weeks ago

    India IndusInd Bank Full time

    Role Details The position would manage Risk for Wholesale Credit for the bank and report to Head-Risk. Responsibilities would include: Responsible for Credit Risk Management Policies of the Bank for Wholesale Credit portfolio so as to align it with the best Risk Management practices. Ensure implementation of the same and have internal governance...

  • Risk Management Associate

    4 weeks ago

    India Navi Full time

    About NaviNavi is one of the fastest-growing financial services companies in India offering a range of digital-first financial products including loans, UPI, insurance, mutual funds, and gold.Our MissionWe are dedicated to delivering simple, accessible, and affordable financial products to our customers. Our in-house AI/ML capabilities, technology, and...

  • Senior data science

    2 weeks ago

    India Visa Full time

    Job Description Visa is looking for Data Science – Manager (Sr. Data Scientist), who will be the responsible for leading data science engagements with our partners and supporting end-to-end delivery. What a Data Science – Sr. Data Scientist does at Visa: The Data Science – Sr. Data Scientist will be a member of VCA Data Science team in Asia...

  • Global Analytics Company | Manager

    1 week ago

    india Global Analytics Company Full time

    About the Company - Global analytics and digital solutions company serving industries including insurance, healthcare, banking and financial services, media, retail, and othersAbout the Role - Contributing in Risk and Analytics teamResponsibilities:Looking for people with experience in Risk Strategy open to look from fraud/collection and disputeTechnical...