Team Lead, Credit Fraud Risk Management

Location

Mumbai | India

Job description

Description - External

Job Purpose

The job holder is responsible for leading the CFRM team for the expanded DBS India franchise covering CBG and SME Banking credit portfolio.

Key Accountabilities

1. Responsible to lead team for end-to-end strong functioning of fraud prevention and risk origination from different Business channels.
2. Excellent knowledge of handling & implementation FRM Tools.
3. Initiate and spearhead independent review of process & policies with stakeholders on identified fraud risk.
4. Manage the relationship with fraud vendors including periodic quality reviews, cost control, TAT, etc.
5. Lead, mentor and coach the team of CFRM analyst. Ensuring R&R, KPI's, training and retention as part of people and performance management

Job Duties & responsibilities

1. Set up a robust and innovative front end, pre-disbursement and Post disbursement fraud control and prevention mandate.
2. Upkeeping of Fraud risk framework, SOP & process to mitigate risk originating in line with the Banks local & regional guidelines.
3. Conduct regular assessments of fraud prevention processes and implement improvement. Analyse fraud trend and mitigate risk as part of prevention and detection strategy.
4. Ensuring timely preparation of Dashboard & MIS for submissions.
5. Establish and Train Fraud Management skills to CFRM, CRM , RAC , RM on fraud detection and best practices.

Required Experience

Minimum 15 years' experience in the field of Fraud Risk & Investigation .

Education / Preferred Qualifications

Professional qualification, graduate, or post-graduate degree, preferably in business, accountancy, economics, finance etc. along with sound domain knowledge of fraud risk control measures in SME and CBG markets.

Core Competencies

1. Good analytical, Problem solving and presentation skills (conversant with MS Office)
2. Good interpersonal skills
3. Good knowledge of industries/sectors
4. Should have project execution skill.

Technical Competencies

1. Sound knowledge of financial statement analysis and accounting policies/practices. Familiarity with financial terms, documents, etc is a must.
2. Good knowledge of fraud control methods, experience in handling & Implementation of Experian Hunter or any other FRM tools & techniques.
3. Have an established local network in the Indian Banking market.
4. Sound understanding of regulatory guidelines issued by RBI (local regulations in India) and local laws and regulations that impact businesses in general and fraud control measures.
5. Preferred collections / credit / operations / process understanding.
6. Good knowledge of various banking products and risks associated with them, especially consumer loans and SME products

Work Relationship

Good working relationship with CBG Mortgage, SME / CCG Relationship team, CCU, other product teams (GTS, T&M etc), RBI inspectors, regulators, and other external agencies.

Job tags

Salary