Job Description

Job Role: Head - Fraud Risk ManagementYears of Experience : 12 Years to 17 Years (Minimum of 10 years experience in fraud monitoring and prevention in a bank & At least three years leadership experience managing a team of people)Education : Any Graduation with ACFE certification MandatoryThis is a senior level position overseeing the implementation of the banks fraud detection and prevention strategy.Managerial Responsibilities.Identify and manage the fraud risk across the organisation.Functional Responsibilities.

• Establish a 24*7 fraud alert monitoring capability by documenting and implementing appropriate processes and methodologies to support the banks fraud detection and prevention strategy.
• Ensure that the 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 to keep pace with emerging fraud modus operandi. Provide bank-wide training on latest trends in frauds and the prevention techniques.
• Monitor efficiency of the team and take corrective actions, wherever necessary.
• Conduct rule efficiency analysis and carry out necessary changes to improve fraud prevention/ detection rates and reduce false positives.
• Ensure adherence of all TATs.
• Evaluate the current fraud prevention system used by the bank and recommend changes if required.
• Provide subject matter expertise input to risk assessments of new products, initiatives and channels when required.
• Provide regular data and feedback to the top management.
• Collaborate with law enforcement agencies where required.
• Network with industry peers to share intelligence and best practices.
• Stay updated with the latest trends in banking fraud, technology, monitoring and investigation techniques.
• Foster and culture of integrity and compliance within the team.

Acura Solutions