ROLE SUMMARY
- The analyst role entails being a team player in Fraud Containment Unit within bank.
- The function of this role is to
- define relevant indicators and engage in the steps for gathering and validating the information consumed for trigger accuracy, summarize and interpret the outcome of EWS review.
- facilitate collection and processing of relevant market and company information for Credit monitoring( Bank transaction monitoring, stock statement monitoring, overdue etc.) to enable an early detection of stress and prevention of potentially fraudulent activities.
- facilitate implementation of wilful default policy within the bank by collection and processing of relevant information
KEY RESPONSIBILITIES/ ACCOUNTABILITIES
Strategic/ Managerial Responsibilities
- The analyst role would be responsible to identify potential stress or frauds by analyzing various internal alerts, including transaction, behavioral, financial, and external alerts, and highlighting the same to the stakeholders
- The person will be responsible to facilitate implementation of wilful default policy within the bank by collection and processing of relevant information
- The ideal candidate will demonstrate robust analytical capabilities and proficiency in identifying early signs of stress within the portfolio and highlighting the same to stakeholders
Core Responsibilities
- Functioning of the Fraud Containment Unit and engage with various teams across Corporate, SME & Retail verticals to identify incipient stress in borrower portfolio by proactively analyse information across market indicators, transactional parameters, financial parameters, external news etc.
- Collaborate with different stakeholders (Business, Credit, Legal, Collection, Secretarial, etc.) for timely completion of entire process
- Well versed with regulatory guidelines and master circulars
- Constant engagement and Co-ordinating with various stakeholders to track timely closure and obtaining required approvals for any process related modification / enhancement
- Imparting trainings to relevant stakeholders on regulatory requirement and functioning of the Wilful defaulters process.
- Monitoring and presenting monthly review of exposure reported/screened under wilful defaulters
People Management or Self-Management Responsibilities
- Collaborating with external vendors and internal teams of the Bank to ensure efficacy of the EWS / RFA/Wilful defaulters processes, alerts generated, and identification of accounts which need close monitoring
- Co-ordinating with various stakeholders in obtaining required approvals for finalising any process related modification / enhancement
Risk and Internal Control Responsibilities
- Convening meeting at defined intervals to present outcome and placing a periodic update to seniors.
KEY INTERACTIONS
Key Interactions
Purpose of Interaction
- Business, Credit, Risk, Legal, Secretarial & CDAG teams at various levels of management
- External agencies /vendors as per requirement
KNOWLEDGE & EXPERIENCE
KNOWLEDGE
Minimum Qualifications
MBA/PG-in Finance
CA
Professional Certifications
- Proficiency in MS-Excel
- Knowledge of Credit assessment will be added advantage
Language Skills
- Written and spoken English is essential
EXPERIENCE
Years of Experience
2-5 years
Nature of Experience
EWS, Credit Monitoring, Compliance, Policy, Financial analysis, Credit assessment and risk management, Fraud control, Wilful Defaulter
COMPETENCIES & KEY PERFORMANCE INDICATORS
BEHAVIORAL COMPETENCIES
Core Competencies
Competency Name
Behaviors
- Credit Products & Process Knowledge
- Professional Entrepreneurship
- Should have proactive and constructive approach towards work.
- Displays solution oriented and initiatives.
- Ensures adherence to quality standards in work/service delivery, identifies opportunities for improvement in routine course of work.
- Adheres to laid down systems, procedures and identifies opportunities to enhance efficiency in own sphere of work through incremental improvement
Leadership Competencies
Competency Name
Behaviors
- Sets performance expectations at the department level, monitoring performance, providing measurement systems, driving accountability, and rewarding high performance.
- Enables empowerment by assigning clear challenging tasks with definitive accountabilities, resources, and authority
- Displays the ability to depart from traditional methods/behaviors and adapting quickly when situational constraints require new or different approaches.
- Cascades the vision for change, and leads required transformation in structure, processes, and capability to ensure a smooth transition
TECHNICAL COMPETENCIES
Technical Competencies
- Regulatory knowledge and Financial Analysis of industry segment
- Analytical ability- analyse relevant data and draw actionable insights
