Head: Fraud Risk Governance Strategist

14 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 annum

Key Responsibilities:

  • Design and execute a comprehensive fraud risk management framework, ensuring compliance with regulatory standards and organizational goals.
  • Develop and maintain policies, procedures, and guidelines for fraud risk governance, oversight, and reporting.
  • Cultivate a strong anti-fraud culture within the organization, promoting awareness and education among employees.

Fraud Risk Governance:

  • Establish and oversee the fraud risk governance framework, ensuring alignment with enterprise-wide risk management strategy and regulatory requirements.
  • Set risk appetite and tolerance levels specific to fraud risk, monitoring adherence and effectiveness of controls.
  • Identify emerging fraud trends and implement measures to mitigate risks, ensuring proactive detection and prevention.

Risk Oversight and Advisory:

  • Provide independent oversight and challenge to first-line-of-defense fraud risk management activities, ensuring robust controls and effective mitigation strategies.
  • Review and assess the effectiveness of fraud detection and prevention strategies, advising on improvements and best practices.

Stakeholder Collaboration:

  • Collaborate with cross-functional teams, including compliance, internal audit, and risk management, to promote a strong fraud risk culture and share best practices.
  • Serve as a subject matter expert on fraud risk governance in various projects and initiatives.

Qualifications and Skills:

Education:

  • Bachelor's degree in finance, accounting, business administration, or a related field; advanced degrees or certifications highly preferred.

Experience:

  • Minimum 10-15 years of experience in fraud risk management, governance, and leadership roles within banking; prior experience in second-line-of-defense or oversight roles desirable.

Skills:

  • Strong understanding of risk management principles, fraud schemes, and financial crime regulations; excellent analytical and problem-solving skills.
  • Proficiency in fraud risk tools, governance systems, and data analysis software; strong communication and stakeholder management skills.


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