Fraud Reporting Team Member

18 hours ago

Bengaluru, Karnataka, India Kotak Mahindra Bank Full time ₹ 12,00,000 - ₹ 36,00,000 per year

Team Member-Fraud Reporting-SUPPORT SERVICES-Fraud Risk Management Unit

Job Description – Fraud reporting.

DEPARTMENT : Fraud Risk Management (FRM) - Fraud Reporting Desk

Job Profile : Review, Reporting and closure of regulatory returns.

Role : Deputy Manager/Manager ( M2/M3)

Reporting : Vice President

Job Overview:

Definition of fraud:

A bank fraud is a deliberate act of omission or commission by any person carried out in the course of a banking transaction or in the books of account maintained manually or under computer system in banks, resulting into wrongful gain to any person for a temporary period or otherwise, with or without any monetary loss to the bank.

Regulatory obligation on the Bank:

  • Reporting of Frauds perpetrated in the Bank (primarily) and subsidiaries and affiliates/joint ventures not regulated by RBI.
  • Provide update on Developments in the fraud reported
  • Closure of Frauds
  • Theft, Burglary, Dacoity and Bank Robberies reporting– Immediately on occurrence
  • Senior Management/ SCBMF/Board/ACB/IBA reporting – Quarter/Half yearly/Annual review of frauds
  • Review of Potential loss and provisioning adequately.

Job Description:

  • Review of Unusual events, Investigation Reports in the role of 2nd Line of defense
  • Feedback to 1st Line on review of reports and seek relevant clarification/justification.
  • Collation of necessary information by following up with Risk Containment Unit (RCU) / Business / Recovery teams in relation to fraud reporting.
  • Reporting of Fraud in RBI prescribed template
  • Maintenance of Fraud tracker and Master file
  • Analysis of fraud reported accounts in Core Banking System, monitor the recovery/disputed settlement/write off/Provision.
  • Potential loss due to fraud – Co-ordinate with Risk Containment Unit/Business/Finance team to ensure adequate provisioning for the loss.
  • Appraise to Senior Management/Special committee/Board/ACB on frauds in defined frequency.
  • Timely updates in relation frauds in the RBI system.
  • Recommend and obtain approval from Senior management recommending for closure frauds after due regulatory process is followed.
  • Closure of frauds in RBI system.
  • Drive projects on automation in relation to fraud reporting.
  • Handle the scheduled regulatory return submission and other inter-department submission.
  • Co-ordination with RCU / Business / Recovery teams for updates on LEA/SFIO reporting
  • Regular Dash Board related in relation to frauds to Business Head.
  • Theft, Burglary, Dacoity and Bank Robberies reporting to Regulator– Immediately on occurrence.
  • Regularly update/amend faStandard Operating Procedures (MoPP).

Skill requirement:

  • Well versed in usage of Core Banking system, Finacle, Core NX, Vision +
  • Well versed in MS office (Word and Excel)
  • Knowledge of KRAMAN/SFDC/Compass software

Eligibility : As HR IJP policy eligibility criteria

Experience LevelSenior Level

  • Team Member-fraud Reporting-support Services-fraud Risk Management Unit

    2 weeks ago

    Bengaluru, Karnataka, India Kotak Mahindra Bank Full time

    Job Category KMBL Degree Level Bachelor s Degree - Fraud reporting DEPARTMENT Fraud Risk Management FRM - Fraud Reporting Desk Job Profile Review Reporting and closure of regulatory returns Role Deputy Manager Manager M2 M3 Reporting Vice President Job Overview Definition of fraud A bank fraud is a deliberate act of omission...

  • Fraud Analyst

    1 week ago

    Bengaluru, Karnataka, India StockX Full time ₹ 12,00,000 - ₹ 36,00,000 per year

    You'll be joining a fast-moving and diverse team of dedicated individuals who work together to safeguard StockX's marketplace, customers, team members and inventory worldwide. You'll be helping develop the roadmap and support the execution of operations for the Safety & Trust team at StockX. This role is on the Safety & Trust team and will work...

  • RCU Digital Fraud Team Member-Ho

    4 weeks ago

    Bengaluru, Karnataka, India Kotak Mahindra Bank Limited Full time

    Job DescriptionJob Role:- Thorough knowledge of Branch Banking processes/systems/controls / digital banking and trends observed with respect to digital banking frauds.- Thorough knowledge on regulatory requirements on handling digital frauds- Raise queries/alerts to the concerned for appropriate actioning and mitigate the risks.- Liaising with Branches, RRM...

  • Fraud Analyst

    2 weeks ago

    Bengaluru, Karnataka, India StockX Full time ₹ 9,00,000 - ₹ 12,00,000 per year

    Help empower our global customers to connect to culture through their passions.You'll be joining a fast-moving and diverse team of dedicated individuals who work together to safeguard StockX's marketplace, customers, team members and inventory worldwide. You'll be helping develop the roadmap and support the execution of operations for the Safety & Trust team...

  • Fraud Analyst

    1 week ago

    Bengaluru, Karnataka, India StockX Full time ₹ 5,00,000 - ₹ 15,00,000 per year

    Help empower our global customers to connect to culture through their passions.You'll be joining a fast-moving and diverse team of dedicated individuals who work together to safeguard StockX's marketplace, customers, team members and inventory worldwide. You'll be helping develop the roadmap and support the execution of operations for the Safety & Trust team...

  • RCU Digital Fraud Team Member-Ho

    3 days ago

    Bengaluru, Karnataka, India Kotak Mahindra Bank Full time ₹ 5,00,000 - ₹ 12,00,000 per year

    Job Role:Thorough knowledge of Branch Banking processes/systems/controls / digital banking and trends observed with respect to digital banking frauds.Thorough knowledge on regulatory requirements on handling digital fraudsRaise queries/alerts to the concerned for appropriate actioning and mitigate the risks.Liaising with Branches, RRM & various departments,...

  • Fraud Ops Team Lead

    1 week ago

    Bengaluru, Karnataka, India Stripe Full time ₹ 12,00,000 - ₹ 36,00,000 per year

    Who we areAbout StripeStripe is a financial infrastructure platform for businesses. Millions of companies—from the world's largest enterprises to the most ambitious startups—use Stripe to accept payments, grow their revenue, and accelerate new business opportunities. Our mission is to increase the GDP of the internet, and we have a staggering amount of...

  • Fraud Analytics

    3 weeks ago

    Bengaluru, Karnataka, India CRED Full time

    what is CREDCRED 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 Investigator

    1 day ago

    Bengaluru, Karnataka, India Ignites Human Capital Full time ₹ 15,00,000 - ₹ 28,00,000 per year

    Desired Candidate ProfileExperience required- Need minimum 1 years of experience in international fraud investigation.Salary- upto LPA+ incentivesShift- USLocation- HebbalRoles and ResponsibilitiesMain responsibilitiesConduct investigations into allegations of complex fraud using specialist knowledge in interviewing techniques, document analysis and exhibit...

  • Fraud Investigator

    1 week ago

    Bengaluru, Karnataka, India Ignites Human Capital Full time ₹ 20,00,000 - ₹ 25,00,000 per year

    Desired Candidate ProfileExperience required- Need minimum 2 years of experience in international fraud ,AmlSalary- upto LPA+ incentivesShift- USLocation- Hebbalcall call call call Roles and ResponsibilitiesMain responsibilitiesConduct investigations into allegations of complex fraud using specialist knowledge in interviewing techniques, document analysis...