VP- Fraud Monitoring

4 weeks ago

Bengaluru, India First Abu Dhabi Bank Full time

Job Description

Job Purpose:

The Group Fraud Risk & Investigations function is part of the group’s Risk Management function and provides second line Fraud Risk oversight for the firm’s front office and support / control functions.

The role of the VP Fraud Monitoring entails leading and establishing a team of Fraud alert Analysts operating on a 24*7 basis. The incumbent will be responsible to document and implement appropriate SOP’s and SLAs with various stakeholders. The incumbent is responsible to ensure the effective day to day operations of the alert monitoring team, provide periodic reports and ensure adherence to standards and other predefined requirements in order to timely identify and prevent fraud. The incumbent is responsible to appropriate handling of alerts with aim of minimizing impact to customer experience and business efficiency, identify emerging risks and trends and closely collaborate with departmental peers to develop mitigation measures aimed at reducing fraud and losses while maximizing recovery opportunities.

Key Accountabilities:

Strategic Contribution

Team Supervision (only for Team leaders and supervisors)

Organize and supervise the work of the assigned team to ensure that all work within a specific area of the activity is carried out in an efficient manner, which is consistent with operating procedures and policy. Provide on-the-job training and constructive feedback to assigned team to support their overall development. Promote the organization’s values and ethics in all activities within the team in order to support the establishment of a value drive culture within the bank .

Budgeting and Financial Performance

Monitor the financial performance of a given area of activity versus budgets and ensure all activities are carried out in line with the approved guidelines while promptly reporting on any variances to management.

Policies, Systems, Processes & Procedures

Provide inputs and implement policies, systems and procedure for the assigned team so that all relevant procedural/legislative requirements, fulfilled while delivering a quality, cost-effective service.

Continuous Improvement

Participate in the identification of opportunities for continuous improvement and sustainability of systems, processes and practices considering global standards, productivity improvement and cost reduction.

Reporting

Prepare sectional statements and reports timely and accurately to meet FAB and department requirements, policies and quality standards.

Job Context:

Job Specific Accountabilities

Establish a 24*7 fraud alert monitoring capability by documenting and implementing appropriate processes and methodologies to support the Bank’s fraud detection and preventon strategy. Provide input to the development of a comprehensive global fraud alert monitoring framework. Ensure that monitoring standards are adhered to by the analysts and team leaders. Create, develop and ensure that Quality Assurance is executed across samples of alerts from all fraud detection systems. Lead a diverse team of Fraud Monitoring Analysts and their team leads in the day to day execution of the functions tasks. Coach the team of fraud analysts and team leaders on fraud modus operandi by reviewing findings/reports of alerts investigated, reported frauds and define alert action methodology to keep pace with emerging fraud modus operandi. Monitor efficiency and affectiveness of the teamand take appropsiate corrective action if monitoring output deviates from expected outcomes. Conduct rule efficiency analysis and make recommendations to improve the functions performance as well as possible rule and/or system enhancements to improve fraud prevention/detection rates and reduce false positives. Ensure regular measurement of monitoring performance to metrics to demonstrate effectiveness and efficiency of the function in pursuance of the Department’s objectives. Where performance deviates from expectations take necessary corrective action. Actively participate in the planning and execution of complex, sensitive or high risk related fraud monitoring alerts under the guidance of Head Governance and/or Group Head of Fraud Investigations. Ensure adherence to all TAT’s. Support the Project team for POC’s and other adhoc/planned developments involving fraud prevention & detection systems and alert monitoring. Lead collaboration efforts between the team and Bank support functions such as Group Legal, Group HR, IT etc, during the course of fraud monitoring. Provide fraud monitoring support to international operations when required. Participate and provide subject matter expertise input to risk assessments of new products, initiatives and channels when required. Act as subject matter expert and provide input to the creations of fraud awareness and training material as well as participating in the delivery of the material when required. Provide monthly data, statistics and information to the Head of Fraud Governance & Oversight to facilitate production of periodic monitoring submissions into the departments consolidated report. Ensure that analyts adhere to all applicable regulations that the Bank may be subject to. Collaborate with external parties such as Police and Public Prosecution where required. Network with industry peers to share intelligence and best practices. Stay updated with latest trends in banking fraud, technology, monitoring and investigation techniques. Foster a culture of integrity and compliance within the team.

Qualifications

Minimum Qualification

Bachelor’s degree in criminal justice, Law, Finance, Business, or a related field. ACFE certification preferred.

Minimum Experience & Competencies

Minimum of 10 years’ experience in fraud monitoring, preferably in the banking sector. At least 4 years’ leadership experience managing a team of people. In-depth understanding of banking operations. Strong analytical, problem-solving, and decision-making skills. Strong focus on managing a team executing operational activities. Excellent report writing skills. Excellent communication and presentation skills. Ability to travel as needed to bank's global locations.

  • Analyst- Fraud Monitoring

    4 weeks ago

    Bengaluru, India First Abu Dhabi Bank Full time

    Job Description Job Purpose: This role is responsible to support Fraud Risk Monitoring by reviewing alerts generated by fraud prevention & monitoring systems to prevent and detect frauds Key Accountabilities: Core Responsibilities Review and conclude alerts generated by fraud prevention/monitoring systems Continue to monitor current trends...

  • Fraud Risk Analyst

    4 weeks ago

    Bengaluru, India Mbanq Full time

    About Us:Mbanq is a Banking-as-a-Service provider with operations and customers in the United States. Mbanq was established to provide the technological capabilities necessary to create and operate digital financial services. Mbanq’s solutions are suitable for both retail and corporate clients. Consumer use cases supported range from the basic debit...

  • Senior Fraud Officer

    2 weeks ago

    Bengaluru, India Allegis Global Solutions Full time

    About ClientOne of the largest banking and financial services organisation catering to 40 million customers with offices in 63 countries. Their customers base spans from individual savers and investors to some of the world’s biggest companies and government.Job Description for Senior Fraud OfficerMinimum 1 year experience is mandatory.It involves voice...

  • Senior Fraud Officer

    2 weeks ago

    Bengaluru, India Allegis Global Solutions Full time

    About Client One of the largest banking and financial services organisation catering to 40 million customers with offices in 63 countries. Their customers base spans from individual savers and investors to some of the world’s biggest companies and government. Job Description for Senior Fraud Officer Minimum 1 year experience is mandatory. It involves...

  • Consumer Banking Fraud Risk Strategy Analytics

    1 week ago

    Bengaluru, India JPMorgan Chase & Co. Full time

    The Fraud Risk Analytics is part of the Consumer Banking Risk Management and Fraud Center of Excellence (COE) team within Consumer and Community Banking Risk. This team is responsible for the management of fraud risk associated with Check transactions and cash withdrawals. As a Fraud Risk Strategy Analytics Associate within our Risk Management team, you...

  • ▷ [Only 24h Left] Senior Fraud Officer

    2 weeks ago

    Bengaluru, India Allegis Global Solutions Full time

    About ClientOne of the largest banking and financial services organisation catering to 40 million customers with offices in 63 countries. Their customers base spans from individual savers and investors to some of the world’s biggest companies and government.Job Description for Senior Fraud Officer- Minimum 1 year experience is mandatory.- It involves voice...

  • Digital Fraud Risk Analytics

    4 weeks ago

    Bengaluru, India JPMorgan Chase Bank, N.A. Full time

    You are a strategic thinker passionate about driving solutions in fraud analytics **.** You have found the right team In Digital Fraud Strategy team you will be responsible for leveraging advanced analytical tools to protect customers from fraud and scams in the digital payments space (Zelle, bill pay, wire transfers, ACH, funds transfers, and real time...

  • Consumer Banking Check Fraud Risk Analytics

    7 days ago

    Bengaluru, India JPMorgan Chase & Co Full time

    **JOB DESCRIPTION** As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks, and using your expert judgement to solve real-world challenges that impact our company, customers and communities. Our culture in...

  • Associate - Fraud Risk Strategy Analytics

    4 weeks ago

    Varthur, Bengaluru, Karnataka, India JPMorgan Chase & Co Full time

    **JOB DESCRIPTION** The Consumer and Community Banking Fraud Risk Strategic Analytics team generates thoughtful analytics and recommendations concerning strategy development, implementation, operational controls, and performance monitoring. This role presents an opportunity to be part of a team that is at the forefront of providing strategic insights to...

  • Fraud Risk Data Analytics

    6 days ago

    Bengaluru, India JPMorgan Chase Bank, N.A. Full time

    The Fraud Risk Analytics & Intelligent Reporting (AIR) team is part of the Consumer Banking Risk Management and Fraud Center of Excellence (COE) team within Consumer Banking Risk. As part of this team you will be responsible for the development, automation and deployment of intelligent solutions that meet the reporting and analytical needs within Consumer...

  • Central Monitor

    4 weeks ago

    Bengaluru, India Novo Nordisk Full time

    **Department - Centralised Monitoring Unit (CMU) - Bangalore** **About the department** The Centralised Monitoring Unit (CMU) - Bangalore, is a department within the Clinical Drug Development area. It is a perfect blend of skilled medical professionals (Medical reviewers) and technical programmers (Functional programmers, statistical monitors). Medical...

  • Fraud Risk Loss Forecasting Analytics

    7 days ago

    Varthur, Bengaluru, Karnataka, India JPMorgan Chase & Co Full time

    **JOB DESCRIPTION** The Fraud Loss Forecasting teamteam is part of the Consumer Banking Risk Management and Fraud Center of Excellence (COE) team within Consumer and Community Banking Risk. The loss forecasting team owns the forecasting and budgeting process for all our fraud and overdraft loss lines. This is a highly critical and visible role with...

  • Risk - Transaction Monitoring

    4 weeks ago

    Bengaluru, India Epifi Technologies Full time

    **About epiFi** Who we are: Simply put, a neo-banking startup for digital natives. Our mission is to help our users demystify their finances, maximize their savings and spend intelligently. We are building a highly secure - hub a savings account that allows you to consolidate your finances in a single intuitive view. Who we - re looking for: Exceptional,...

  • AML Transaction Monitoring Lead

    3 weeks ago

    Bengaluru, India StoneX Full time

    Overview The primary purpose of the role is to ensure the robustness and effectiveness of transaction monitoring process within STONEX. The role plays a critical role in safeguarding the integrity of the STONEX’s financial operations and mitigating potential risks to the business and its stakeholders. Responsibilities Training and...

  • Ccb Risk

    4 weeks ago

    Bengaluru, India JPMorgan Chase Bank, N.A. Full time

    **CCB Risk - Strategic Analytics(Fraud) - Associate** **Bangalore** As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks, and using your expert judgement to solve real-world challenges that impact our...

  • Engineer Chapter Lead

    1 week ago

    Bengaluru, India Australia and New Zealand Banking Group Limited (ANZ) Full time

    Engineer Chapter Lead (VP)Engineer Chapter Lead (VP)Req ID: Department: Tech ARC Digital Division: Technology Location: BengaluruAbout the roleAt ANZ we're applying new ways technology and data can be harnessed as we work towards a common goal: to improve the financial wellbeing and sustainability of our millions of customers.Our community of over 5,...

  • Ccb card Merchant Services generic global jpmc

    4 weeks ago

    Bengaluru, India JPMorgan Chase Bank, N.A. Full time

    You are a strategic thinker passionate about driving solutions in data analytics **.** You have found the right team As a Strategic Analytics Associate, you will work with the risk team to generate thoughtful analytics and recommendations to the business concerning strategy development, implementation, operational controls, and performance monitoring....

  • Engineer Chapter Lead

    2 weeks ago

    Bengaluru, India Australia and New Zealand Banking Group Limited (ANZ) Full time

    Engineer Chapter Lead (VP) Engineer Chapter Lead (VP) Req ID: Department: Tech ARC Digital Division: Technology Location: Bengaluru About the roleAt ANZ we're applying new ways technology and data can be harnessed as we work towards a common goal: to improve the financial wellbeing and sustainability of our millions of customers. Our community of over 5,...

  • Risk Investigator, T&S Ops- Consumer

    4 weeks ago

    Bengaluru, India PhonePe Full time

    About PhonePe Group:  PhonePe is India’s leading digital payments company with 50 crore (500 Million) registered users and 3.7 crore (37 Million) merchants covering over 99% of the postal codes across India. On the back of its leadership in digital payments, PhonePe has expanded into financial services (Insurance, Mutual Funds, Stock Broking, and...

  • Principal Officer

    4 weeks ago

    Bengaluru, India Cashfree Payments Full time

    **What You Will Do**: The Principal Officer will be responsible for building and strengthening governance mechanisms around Anti-Money Laundering/ Combating the Financing of Terrorism (AML/ CFT) and Fraud Risk Management. This role calls for an individual with domain knowledge, strong judgment and decision-making skills, who can navigate in the area of...