Assistant Manager - FRM

Job Description

Position Title: Fraud Risk Manager Department- Credit & Risk Location: Pune Position Overview: The Fraud Risk Management Specialist is responsible for overseeing and managing all aspects of fraud risk within the organization. This role involves developing, implementing, and maintaining strategies to detect, prevent, and mitigate fraudulent activities across various business functions. The specialist will work closely with cross-functional teams to identify vulnerabilities, assess risks, and implement controls to safeguard the organization against fraudulent activities. Key Responsibilities: Develop and implement fraud risk management strategies and policies in alignment with organizational goals and regulatory requirements. Conduct regular assessments of fraud risks across all business units and processes. Design and implement fraud prevention and detection controls, including monitoring systems and reporting mechanisms. Collaborate with internal stakeholders, including compliance, legal, finance, and operations teams, to ensure comprehensive fraud risk management coverage. Provide guidance and training to employees on fraud awareness, prevention, and reporting procedures. Monitor industry trends and best practices in fraud risk management and incorporate relevant strategies into the organization's framework. Develop and maintain relationships with external partners, such as fraud detection vendors, industry associations, and regulatory bodies. Prepare and present regular reports on fraud risk assessment, incidents, and mitigation efforts to senior management and relevant committees. Continuously evaluate and enhance fraud risk management processes and controls to adapt to evolving threats and business needs. Stay abreast of changes in relevant laws, regulations, and industry standards related to fraud risk management and ensure compliance. Qualifications: Bachelor's degree in business or a related field; advanced degree or professional certification (e.g., Certified Fraud Examiner) is preferred. Proven experience (5 years) in fraud risk management, investigation, or related roles, preferably in a financial services or large corporate environment. Strong understanding of fraud schemes, tactics, and detection methods across various business channels (e.g., online, mobile etc). Proficiency in data analysis tools and techniques for identifying patterns, anomalies, and trends indicative of fraudulent activities. Excellent communication skills, with the ability to effectively collaborate with cross-functional teams and present complex information to diverse audiences. Analytical mindset with attention to detail and the ability to make sound decisions based on available data and insights. Demonstrated ability to manage multiple projects simultaneously and prioritize tasks in a fast-paced environment. Strong ethical standards and integrity, with a commitment to upholding the highest standards of professional conduct and compliance.