Head of Fraud Prevention and Risk Management

17 hours ago

Thiruvananthapuram, Kerala, India Muthoot Fincorp Ltd. Full time

Job Description:

We are seeking a seasoned professional to lead our Fraud Monitoring and Prevention Department at Muthoot Fincorp Ltd. As the Head of Fraud Prevention and Risk Management, you will be responsible for developing and implementing comprehensive fraud prevention strategies to protect our assets, reputation, and stakeholders.

Key Responsibilities:

  • Develop and implement a fraud risk management strategy tailored to our diverse business lines and geographic footprint.
  • Lead the identification, assessment, and mitigation of fraud risks in all operational areas, including branch operations, digital platforms, and partnerships.
  • Align fraud prevention strategies with our strategic objectives and regulatory requirements.
  • Oversee the deployment and continuous enhancement of fraud detection tools and systems, including AI-driven analytics for transaction monitoring and pattern recognition.
  • Monitor real-time fraud alerts and suspicious transactions across our products and channels, ensuring prompt investigation and resolution.
  • Establish early warning systems and dashboards to detect high-risk behaviors among customers, employees, and external parties.
  • Lead and manage all fraud investigations, ensuring thorough and unbiased analysis of incidents.
  • Oversee the collection and preservation of evidence for internal use and legal proceedings.
  • Collaborate with law enforcement agencies, regulatory bodies, and legal teams to resolve fraud cases effectively.
  • Provide post-incident reports and recommendations to senior management and the Board.
  • Develop, update, and enforce anti-fraud policies, procedures, and internal controls to minimize vulnerabilities.
  • Ensure adherence to RBI guidelines, anti-money laundering (AML) laws, and other regulatory requirements.
  • Establish clear protocols for fraud reporting, both internally and externally, ensuring timely and accurate communication.
  • Drive the adoption of cutting-edge technology to enhance fraud prevention capabilities, including machine learning, automation, and predictive analytics.
  • Work with the IT and Digital Transformation teams to integrate fraud monitoring tools into our core systems, such as branch software, MFLOne, and QR code lending platforms.
  • Stay updated on emerging fraud technologies and threats, implementing necessary upgrades to combat evolving risks.
  • Build and lead a high-performing Fraud Monitoring and Prevention team, defining roles and responsibilities clearly.
  • Conduct fraud awareness training programs for employees across all levels to instill a proactive fraud prevention culture.
  • Provide technical guidance and mentorship to team members to enhance their investigative and analytical skills.
  • Partner with Risk, Compliance, Internal Audit, Operations, IT, and Business Heads to ensure fraud prevention is integrated across all business processes.
  • Collaborate with the HR team to implement background checks and onboarding procedures that minimize insider fraud risks.
  • Work closely with the Chief Compliance Officer (CCO) to ensure regulatory compliance in all fraud-related activities.
  • Develop and present detailed fraud reports to senior management and the Risk Management Committee, highlighting trends, key incidents, and preventive measures.
  • Maintain a central database of fraud incidents, investigations, and resolutions for audit and reference purposes.
  • Provide actionable insights and metrics to track the effectiveness of fraud prevention strategies.
  • Conduct root cause analysis of fraud incidents to identify systemic weaknesses or process gaps.
  • Recommend and implement process improvements and technological enhancements to reduce fraud vulnerabilities.
  • Benchmark fraud prevention practices against industry standards to ensure we remain at the forefront of fraud risk management.
  • Establish processes to protect customer interests, including secure digital transactions and fraud education initiatives.
  • Address customer complaints and concerns related to fraud, ensuring timely resolution and customer satisfaction.
  • Strengthen relationships with external stakeholders, including regulators, law enforcement, and auditors, to enhance fraud prevention capabilities.

Required Skills and Qualifications:

  • 10-15 years of experience in fraud prevention, risk management, or forensic investigation, with a strong preference for NBFCs, banks, or financial services.
  • Proven track record of managing fraud risks in both traditional branch operations and digital environments.
  • Expertise in fraud detection technologies, investigation methodologies, and regulatory compliance.
  • Bachelor's/Master's degree in Finance, Risk Management, Forensic Accounting, or related fields.
  • Professional certifications such as CFE (Certified Fraud Examiner), CISA (Certified Information Systems Auditor), or CRMA (Certified Risk Management Assurance) are highly desirable.

Salary:

We offer a competitive salary range of $120,000 - $180,000 per annum, depending on qualifications and experience.

  • Head – Fraud Prevention and Protection Strategist at Muthoot Fincorp Ltd.

    4 days ago

    Thiruvananthapuram, Kerala, India Muthoot Fincorp Ltd. Full time

    We are seeking a seasoned Fraud Prevention and Protection Strategist to join our team at Muthoot Fincorp Ltd. As a key member of our organization, you will play a crucial role in managing fraud risks across our diverse business operations.Job Description:Salary: ₹ 25-35 Lakh per annum (dependent on experience)The successful candidate will have the...

  • Fraud Prevention and Risk Management Leader

    2 weeks ago

    Thiruvananthapuram, Kerala, India Muthoot Fincorp Ltd. Full time

    Job SummaryWe are seeking a highly skilled Fraud Prevention and Risk Management Leader to join our team at Muthoot Fincorp Ltd. As a key member of our organization, you will be responsible for developing and implementing comprehensive fraud prevention strategies to protect our assets, reputation, and stakeholders.Main Responsibilities:

  • Senior Fraud Prevention Strategist

    3 weeks ago

    Thiruvananthapuram, Kerala, India Muthoot Fincorp Ltd. Full time

    Muthoot Fincorp Ltd. is seeking a highly skilled Senior Fraud Prevention Strategist to join our team. In this role, you will be responsible for leading the development and implementation of comprehensive fraud risk management strategies across our diverse business operations.Key Responsibilities:Strategic Leadership in Fraud Risk ManagementYou will provide...

  • Anti-Fraud Strategist

    1 week ago

    Thiruvananthapuram, Kerala, India Muthoot Fincorp Ltd. Full time

    Role OverviewThe position of Anti-Fraud Strategist at Muthoot Fincorp Ltd. entails overseeing the development and implementation of a comprehensive fraud risk management strategy, tailored to the company's diverse business lines and geographic presence. This role demands exceptional leadership in managing fraud risks across various operations, including...

  • Senior Fraud Prevention Specialist for Muthoot Fincorp Ltd.

    1 week ago

    Thiruvananthapuram, Kerala, India Muthoot Fincorp Ltd. Full time

    Job Title: Senior Fraud Prevention Specialist for Muthoot Fincorp Ltd.">Company Overview">Muthoot Fincorp Ltd. is a leading non-banking financial company (NBFC) offering a wide range of financial services to individuals and businesses. We are committed to providing innovative solutions that meet the evolving needs of our customers.">Estimated Salary:...

  • Chief Vigilance Officer

    4 days ago

    Thiruvananthapuram, Kerala, India Muthoot Fincorp Ltd. Full time

    Job OverviewMuthoot Fincorp Ltd. is seeking a highly skilled and experienced Chief Vigilance Officer to oversee the implementation of our vigilance framework, ensuring transparency, compliance, and ethical conduct across all branches and departments.Key Responsibilities:Vigilance Framework Implementation: Develop and maintain a robust vigilance framework...

  • Security and Loss Prevention Coordinator

    2 weeks ago

    Thiruvananthapuram, Kerala, India ATSPL - Kerala - G66 Full time

    About the Role: We are seeking a highly skilled Security and Loss Prevention Coordinator to join our team at ATSPL - Kerala - G66. The ideal candidate will have a minimum of 3 years of experience in the field of security, loss prevention, shrinkage, asset protection, investigations, or inventory management. A law enforcement or security-related background is...

  • Security and Loss Prevention Specialist

    4 weeks ago

    Thiruvananthapuram, Kerala, India ATSPL - Kerala - G66 Full time

    About ATSPL - Kerala - G66We are seeking an experienced Security and Loss Prevention Specialist to join our team in Trivandrum, KL, IND. The successful candidate will be responsible for providing security services and asset protection in a designated area of responsibility.Job Description:The primary objective of this role is to provide security services,...

  • Vigilance Leader

    1 day ago

    Thiruvananthapuram, Kerala, India Muthoot Fincorp Ltd. Full time

    Muthoot Fincorp Ltd. is seeking a highly skilled Vigilance Leader to oversee and implement the company's vigilance framework.As a Vigilance Leader, you will be responsible for ensuring transparency, compliance, and ethical conduct across all branches and departments. Your primary goal will be to prevent and address irregularities, frauds, and unethical...

  • Cybersecurity Risk Manager

    4 days ago

    Thiruvananthapuram, Kerala, India Evoke HR Solutions Pvt. Ltd. Full time

    About the RoleWe are seeking an experienced Cybersecurity Risk Manager to join our team at Evoke HR Solutions Pvt. Ltd.Job DescriptionThe successful candidate will be responsible for overseeing our third-party risk management program related to information and cyber security risks. This includes ensuring compliance with our regulator's framework, designing...

  • Vigilance Compliance Expert

    6 days ago

    Thiruvananthapuram, Kerala, India Muthoot Fincorp Ltd. Full time

    Job Title: Vigilance Compliance ExpertAbout Us:Muthoot Fincorp Ltd. is a leading financial services company in India, with a strong commitment to transparency, compliance, and ethical conduct.Job Description:We are seeking a highly skilled Vigilance Compliance Expert to join our team. The successful candidate will be responsible for overseeing and...

  • Global Risk and Compliance Professional

    3 weeks ago

    Thiruvananthapuram, Kerala, India Guidehouse Full time

    About the JobGuidehouse is seeking a skilled Global Risk and Compliance Professional to join our team. As a Senior Process Associate, you will play a critical role in ensuring the effective management of financial risk.Key ResponsibilitiesConduct thorough research and analysis to identify and mitigate potential risks associated with financial...

  • Head of Talent Management

    1 day ago

    Thiruvananthapuram, Kerala, India Muthoot Fincorp Ltd. Full time

    Job DescriptionMuthoot Fincorp Ltd. is seeking a highly skilled and experienced professional to fill the role of Head-Centre of Excellence. This position is responsible for leading the design and delivery of talent management frameworks, ensuring alignment with the company's strategic objectives.About the RoleLead the development and implementation of talent...

  • Environmental Health and Safety Professional

    6 days ago

    Thiruvananthapuram, Kerala, India Innovsource Full time

    Innovsource seeks an Environmental Health and Safety Professional to join our team. This role is responsible for ensuring compliance with health and safety standards, occupational health regulations, and environment, health, and safety practices on a daily basis.Key responsibilities include:Maintaining a safe working environment through regular inspections...

  • Transaction Monitoring and Risk Mitigation Specialist

    4 weeks ago

    Thiruvananthapuram, Kerala, India Guidehouse Full time

    About the RoleWe are seeking a highly skilled Transaction Monitoring and Risk Mitigation Specialist to join our team at Guidehouse.Job DescriptionThis role will involve performing in-depth reviews of AML alerts to identify potential risks associated with financial crimes. The successful candidate will have excellent research and analytical skills, as well as...

  • System Configuration Manager

    6 days ago

    Thiruvananthapuram, Kerala, India Terumo Blood and Cell Technologies Full time

    Job Description:The System Configuration Manager will play a crucial role in Terumo Blood and Cell Technologies' product development lifecycle.Key Responsibilities:Develop and maintain robust configuration management strategies, policies, tools, and procedures for complex medical device systems.Create and enforce configuration management plans and procedures...

  • Family Medicine Specialist in Salalah, Oman

    4 weeks ago

    Thiruvananthapuram, Kerala, India Medical Center Full time

    Job OverviewWe are seeking a highly skilled Family Medicine Specialist to join our medical team at the Medical Center in Salalah, Oman.About the RoleThis onsite opportunity offers a unique chance to work with a leading healthcare provider in the region. As a Family Medicine Specialist, you will be responsible for delivering high-quality patient care and...

  • Head of Employee Relations and Industrial Affairs

    6 days ago

    Thiruvananthapuram, Kerala, India Muthoot Fincorp Ltd. Full time

    We are seeking a highly skilled Head of Employee Relations and Industrial Affairs to join our team at Muthoot Fincorp Ltd.About the RoleThis is a senior-level position that requires extensive experience in employee relations, industrial affairs, and HR litigation. The successful candidate will be responsible for handling complex employee relations matters,...

  • Talent Management Strategist

    3 weeks ago

    Thiruvananthapuram, Kerala, India Muthoot Fincorp Ltd. Full time

    Join Muthoot Fincorp Ltd. as a Talent Management Strategist, where you will be responsible for developing and implementing a comprehensive talent management strategy that aligns with the company's strategic objectives.About the RoleThe successful candidate will lead the design and delivery of the culture journey, ensuring that the organization's purpose,...

  • Senior Financial Strategist for EdTech Growth

    4 days ago

    Thiruvananthapuram, Kerala, India Wayvida Full time

    Financial Leadership Opportunity in EdTechWayvida, a pioneering AI-powered Teaching and Learning Platform, seeks an experienced Senior Financial Strategist for EdTech Growth.About the RoleThe successful candidate will play a pivotal role in shaping Wayvida's financial strategy to drive growth and scale. As a key member of our executive leadership team, you...