
VP - Fraud Investigation - Retail Assets
1 week ago
ROLE SUMMARY
The role holder will be primarily responsible for managing a team responsible for conducting the investigation of all Suspected fraud/Attempted fraud cases pertaining to Retail, SME, Liability, Red Flagged Account (RFA) and Willful Defaulter (WD) cases across the Bank, raised under YVN. The role requires extensive experience in managing/monitoring of investigations and an in-depth understanding of assessment and identification of the underlying risk applicable for below product lines.
- Retail Assets (RA) primarily consists of the following business segments: Secured and Unsecured loans of various types (Personal Loan/Business Loan, Auto Loan, CV, CE, HCF, Home Loan, LAP etc.)
- Retail Liability primarily consists of Saving and Current account.
- Small and Medium Enterprises (SME) primarily consists of the following business segments: Micro Enterprises Banking (MIB) comes under Business Banking and Small Enterprises (SE) & Medium Enterprises (ME) comes under Commercial Banking
- RFA accounts are the loan accounts where suspicion of fraud arises due to one or more Early Warning Signals (EWS), prompting the bank to investigate potential wrongdoing.
- Wilful defaulter is the borrower who deliberately avoids repayment obligations despite having the capacity to pay.
KEY RESPONSIBILITIES/ ACCOUNTABILITIES
Strategic / Job Responsibilities
- Heading entire team for conducting investigations in a sound and ethical manner along with driving timely submission of reports within the specified timelines.
- Supporting team in deriving the scope of investigations and assisting in conducting sensitive interview basis the observations.
- Engagement with Regional / Zonal / National level stakeholders for fostering the collaborative environment and ensuring the redressal of observations.
- Recommend process improvements / gaps based on feedback from team identified during the course of investigations.
- Validation of case reports prepared for submission to senior management.
- Monitoring of the investigative procedures and accordingly suggest innovative ideas for cost minimization.
- Spearheading improvement in existing process and framework for the team.
- Providing trends, patterns for key risk areas to senior management for effective risk mitigation.
- Establish good network with peers and sharing best practices followed on timely basis.
People Management Responsibilities
- Maintaining and reviewing monthly performance of the team members.
- Ability to work effectively with diverse populations.
- Ability to supervise and train employees, to include organizing, prioritizing, and scheduling work assignments.
- Grooming team members for taking higher responsibility.
- Managing effective liasoning with all stakeholders on a regular basis.
- Driving, participating in projects/ initiatives aligning with organizational goals.
EDUCATION & EXPERIENCE
EDUCATION
Minimum Qualifications
- Graduate/Post-Graduate/Masters degree: CA / MBA from reputed institute (experience in Fraud Risk management preferred)
- Professional certifications (CFA/CFE/CAMI will be preferred)
- Soft Skills: Expert proficiency in written and verbal communication in English.
Language Skills
- English, Hindi and Regional language.
EXPERIENCE
Years of Experience
- Minimum experience of 6 to 10 years in a Reputed Bank or Financial Institution preferably in Investigation Role or managing the similar profile/portfolio.
- Experience of handling a team of at least 2 members.
TECHNICAL COMPETENCIES
Technical Competencies
Good understanding of MS Office suite.
-
Analyst - Fraud & Forensic
2 days ago
Mumbai, Maharashtra, India Acquisory Consulting Full time ₹ 6,00,000 - ₹ 18,00,000 per yearJob Description: Forensic Investigator / Fraud Risk AnalystOverview:We are seeking a detail-oriented and analytical professional with expertise in forensic investigation, asset tracing, and fraud risk assessment. The ideal candidate will play a key role in identifying, analyzing, and preventing financial irregularities through advanced forensic...
-
CSIS Lead Investigator
2 days ago
Mumbai, Maharashtra, India Citi Full time ₹ 12,00,000 - ₹ 36,00,000 per yearThe Citi Security and Investigative Services Lead Investigator is a strategic professional who is tasked with conducting professional and independent investigations into cases of fraud and/or misconduct across South Asia and all of Citi's business lines to protect the assets and reputation of the bank and its clients. Through investigations, CSIS seeks to...
-
Fraud analyst
2 weeks ago
Mumbai, Maharashtra, India Teamware Solutions Full time ₹ 2,50,000 - ₹ 7,50,000 per yearJob Description location {Mumbai powai}looking for immediate joinersintrested cdd please share your resumes to below mail idshould have global exposure {We are seeking a highly analytical and detail-oriented Fraud Analyst to join our Client Service Operations team. This role is critical in identifying, investigating, and preventing fraudulent activities...
-
Fraud Analyst/transaction monitoring
2 weeks ago
Mumbai, Maharashtra, India Teamware Solutions Full time ₹ 9,00,000 - ₹ 12,00,000 per yearKey ResponsibilitiesFraud Detection Alert Analysis & Case ManagementReview fraud alerts generated by surveillance systems to identify patterns, typologies, and emerging fraud schemes across various payment channels (ACH, wire, card, crypto, etc.)Conduct detailed analysis of customer profiles, behaviors, and transactions to assess fraud risk...
-
Fraud Analyst
7 days ago
Mumbai, Maharashtra, India Teamware Solutions Full time ₹ 4,00,000 - ₹ 12,00,000 per yearFraud Analyst We're hiring a Fraud Analyst to join our Client Service Operations team. The role focuses on detecting, analyzing, and preventing fraud across banking and digital platforms. Key Responsibilities:Analyze fraud alerts (ACH, wire, card, crypto) Investigate suspicious transactions & escalate high-risk cases Collaborate with Fraud...
-
CSIS Sr Investigator
5 days ago
Mumbai, Maharashtra, India Citi Full time ₹ 12,00,000 - ₹ 36,00,000 per yearThe CSIS Sr Investigator is a seasoned professional role. Applies in-depth disciplinary knowledge, contributing to the development of new techniques and the improvement of processes and work-flow for the area or function. Integrates subject matter and industry expertise within a defined area. Requires in-depth understanding of how areas collectively...
-
Sr. Manager
16 hours ago
Mumbai, Maharashtra, India, Maharashtra Spectral Consultants Full timeJob Title: Manager / Senior Manager – Forensic Accounting / Fraud InvestigationLocation: Mumbai, IndiaAbout the RoleDispute Advisory Services team provides financial, economic, and accounting expertise in litigation, arbitration, and other legal proceedings.We are looking for a Manager / Senior Manager who will lead engagements end-to-end, deliver...
-
Fraud analyst
2 weeks ago
Navi Mumbai, Maharashtra, India Teamware Solutions Full time ₹ 1,20,000 - ₹ 1,80,000 per yearJob Description location {Mumbai powai}looking for immediate joinersintrested cdd please share your resumes to below mail idAbout the RoleWere looking for a detail-oriented Fraud Analyst to join our Client Service Operations team. You'll be responsible for reviewing alerts, analyzing financial transactions, and investigating suspicious activity across...
-
Forensic Investigation Manager
4 days ago
Mumbai, Maharashtra, India CLA Global Indus Value Consulting Full time ₹ 12,00,000 - ₹ 36,00,000 per yearFounded in early 2019, CLA Global Indus Value Consulting is a full-service advisory, consulting and accounting firm, comprising of 25 partners and more than 300 team members. The firm has offices across Mumbai, Gurugram (Gurgaon), Kolkata and Bengaluru. Its client base for advisory, consulting and accounting comprise of leaders and mid-market players in the...
-
Fraud Control Unit Assistant Vice President
2 weeks ago
Mumbai, Maharashtra, India Liberty General Insurance Ltd Full time ₹ 12,00,000 - ₹ 36,00,000 per yearAVP- Fraud Control Unit Description Candidate must be a graduate/ post graduate/ LLB. Preference will be given if candidate is a certified fraud examiner. Candidate must have atleast 10 years of experience in FCU in financial services. Competencies-Proactive Fraud risk identification & mitigation of potential fraud framework across all channels...