Fraud Control Manager

FCU manager

Key Responsibilities:

• Conducting Investigations:

Undertaking investigations into suspected fraud, policy violations, and other irregularities.

• Evidence Gathering:

Collecting and analysing relevant information, documents, and data related to investigations.

• Report Writing:

Preparing detailed and comprehensive investigation reports documenting findings and recommendations.

• Collaboration:

Working with various internal departments (e.g., Sales, Legal, HR, Compliance) and potentially external agencies (e.g., law enforcement, regulators).

• Fraud Prevention:

Assisting in the development and implementation of fraud prevention programs, including training, policies, and procedures.

• Risk Assessment:

Participating in fraud risk assessments across different departments and business units.

• Trend Analysis:

Analyzing trends, patterns, and anomalies in data to identify potential red flags and emerging fraud schemes.

• Control Testing:

Evaluating the effectiveness of existing fraud prevention and detection controls through risk and control testing.

• Reporting:

Preparing and submitting required reports to internal committees (e.g., Risk Management, Fraud Investigation) and external regulatory bodies as needed.

Specific Tasks:

• Interviewing individuals involved in investigations.
• Verifying the authenticity of documents submitted by customers or employees.
• Conducting on-site visits to verify information and assess risk.
• Using data analytics tools to identify suspicious patterns or transactions.
• Liaising with external auditors or investigators as needed.
• Preparing and presenting findings to various committees or management.
• Tracking actionables emanating from investigated cases.
• Maintaining dashboards and reports related to investigations.

Who are we looking for:

Candidates who possess strong analytical/investigative skills, deep knowledge of RBI/Companies Act/KYC/AML, proven fraud detection experience, excellent documentation, integrity, and stakeholder management, plus tech proficiency for systems like MCA portal, often with certifications (CAMS/ICA) and a proactive, solution-oriented approach to financial crime.

• Experience:

  5 to 10+ years in fraud control, AML, compliance, or forensic investigations, often within financial services (banks, NBFCs, FinTech).

• Education:

  Bachelor/Master Degree (Commerce, Law, Finance preferred).

• Certifications:

  CAMS, ICA Diploma, or similar relevant certifications are a significant advantage.

• NBFC Exposure:

  Specific experience within the Non-Banking Financial Company (NBFC) sector is highly valued.