Mashreq
Location
Bangalore | India
Job description
Job Purpose
Responsible for implementing Fraud Prevention & detection strategies in all parts of the Bank.
Panning and managing financial investigations dealing with financial fraud, identification of monies and assets fraudulently obtained, identification and seizure of personal and business assets and works closely with Bank and law enforcement personnel and prosecutors. Leads and supervises a team of Fraud examiners in complex and sensitive fraud investigations.
Application of Forensic skills, both Account and Computer in conduct of investigations to gather irrefutable evidence.
Application of Interview and interrogation skills in investigations of staff.
Prepare Investigation Reports clearly documenting various findings and financial impact of the fraud and identify/recommend process improvements.
Minimize the risk of fraud through effective utilization of complex fraud detection tools.
Recommend measures to reduce the risk associated with doing business, thus preventing financial/fraud losses, which subsequently impact the overall performance of the business.
Key Result Areas
Implements Fraud Prevention/Detection strategies with the help of Fraud Risk Assessments, Automated Tools and Fraud Risk reviews.
Applies Forensic skills (Account & Computer) in conduct of investigations and gathering of evidence. Applies interview/ Interrogation techniques during investigations.
Plans financial investigations with other officers to obtain information and documents regarding financial fraud cases & large Investigations.
Manage and supervise a team of Fraud Examiners in an investigation to ensure effective and timely execution of assignments.
Prepares Investigation reports clearly documenting the scope, findings, recommendations and process improvements in an Investigation.
Reviews various formal accounting records to document Fraud and provide investigative leads and to seize/forfeit assets.
Tracks fraudulent transactions for use in court to establish evidence of illegal activity.
On the cutting-edge in current trends in fraud and forensic investigations and serves as a quality-focused liaison between the Bank and the law.
Creates written documents (e.g., monthly reports, statistical reports, legal correspondence, findings of fact, articles, etc.) to assist Head Fraud & Investigations in reviewing and preparing MIS/publications.
Interviews third parties with officers to obtain documents and statements to use as evidence in criminal financial fraud cases, using interviewing and interrogation techniques.
Remains current on job-specific procedures, laws, rules and regulations through professional development courses, meetings, research and job-related publications.
Assists in the development of new training courses, updating and revising existing financial and fraud investigative instructional materials and techniques.
Establish/lead local fraud forums and form excellent relationships with counterparts in the Industry.
Operating Environment, Framework and Boundaries, Working Relationships
Highly specialized role requiring Investigative skills and Forensics knowledge, significant increase in complex & syndicated fraud in the region/market. Increase in internal fraud with growth of sales force/ DSA staff in the bank.
Coverage includes all Groups/Divisions across the bank including overseas Units and subsidiaries. Specialist knowledge required of all areas of the bank in conduct of Investigations and suggesting process enhancements. Investigations are carried out in accordance with International Best Practices and techniques on use of fraud tools.
An excellent and ongoing working relationship with counterparts is essential for effective delivery of fraud prevention strategies and for issues related to Investigations. Liaison with local authorities – Police/CID, Central Bank on fraud related issues.
Problem Solving
Specialist for conduct of investigations to identify and determine the extent of fraud and losses.
Identifies/Analyses gaps through fraud Risk assessments and recommends changes to prevent fraud.
Tracks and assesses risk and fraud trends in the region and their impact on the Bank.
Monitor MIS and internal / external suspected fraud reports.
Coordinating with Fraud Forums in resolving fraud related issues.
Decision Making Authority & Responsibility
As an expert and specialist, responsible for quick & instant decision making in an investigation, including actions in co-ordination with law enforcement authorities.
Can make on the job decisions on suspension of staff, access to confidential data etc.
Recommends actions relating to staff termination based on facts and evidence obtained in an independent and unbiased manner.
Recommending fraud write-offs based on results of investigations.
Knowledge, Skills and Experience
Best Regards
Navin Mamgai
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