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Bajaj Finance

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4.0

based on 6.7k Reviews

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1978 Bajaj Finance Jobs

Assistant Manager - Risk Containment Uni...

BAJAJ FINANCIAL SECURITIES LIMITED

 · 

4.0

 based on 6.7k Reviews

1-2 years

Kolkata

Assistant Manager - Risk Containment Uni...

Bajaj Finance

posted 18hr ago

Job Role Insights

Flexible timing

Key skills for the job

Power BI SQL Banking Operations Fraud Analysis Credit Management Internal Audit

+ 13 more

Job Description

    

Job Purpose  
â"This position is open with Bajaj Finance ltd.â"
  •  To do daily fraud monitoring / tracking and provide help to reporting manager in set up various processes with an objective of zero fraud exposure.    

    Duties and Responsibilities  
    PRINCIPAL ACCOUNTABILITIES
    (Accountabilities associated with the job)
  •  Analytics for monitoring suspect transactions.
  •  Reporting the findings within timelines to the senior management.
  •  Investigation & Root Cause Analysis of fraud/dispute cases
  •  Analysis of Direct Fraud Trends & Investigation/Action to be taken for limiting the risks.
  •  Minimizing fraud losses to ensure robust portfolio health by owning central RCU shop end to end.
  •  Fraud loss metrics to be as per targets decided by management.
  •  Owner of the field fraud management processes, through a central lead team, in co-ordination with field team. This includes closure of cases within defined TAT and with quality of field investigation reports
  •  Review and tracking of location visits by location RCU Managers.
  •  Support Field team with relevant triggers received from central monitoring, for them to investigate. Track investigation cases for closure.
  •  To cause continuous improvement in RCU processes by working with centralized back end team to increase fraud catch rate.
  •  Ensure proper handholding on all Automation process & RCU projects. Continuously improvement on TAT.
  •  Ensure error free dashboards are circulated within defined period
  •  Propose changes & suggestions in credit policy-location wise (whenever required)
  •  Drive all internal process in a manner that the reporting of suspected frauds is timely, and fraud is caught before disbursal of loan to minimize fraud loss.

    4.  MAJOR CHALLENGES
    (Challenges faced on an on-going basis in carrying out the job)
  •  Understand complete various processes and prepare data reports / Dashboard
  •  Daily/weekly/monthly fraud monitoring reports to prepared to minimize fraud.
  •  Coordination within RCU Field team (Rural + Urban) to ensure the field investigation is done in defined time.

    5.  DECISIONS
    (Key decisions taken by job holder at his/her end)
    ï‚
  •  Propose new strategy for field and HO team to prevent malpractice.
    ï‚
  •  Propose changes in system and daily reporting in favor of RCU unit.
    ï‚
  •  Introduce new technology or new ways to control fraud.

    6.  INTERACTIONS
    (Key working relationships a job holder needs to have INSIDE and OUTSIDE the company to accomplish the job)

    Internal Clients
    Roles you need to interact with inside the organization to enable success in your day to day work 
    ï‚
  •  Risk Team:To understand and align on policy changes and ascertain impact
    ï‚
  •  Customer Service, Product and Sales Teams:To understand market challenges and recent fraud trend or complaints related to fraud.
    ï‚
  •  Business:To align on the RCU controls that directly impacts the business processes, including Cost, TAT or Customer Experience

    External Clients
    Roles you need to interact with outside the organization to enable success in your day to day work 
    Vendors & Channel Partners:- Need to connect specially with Business channel partners on fraud awareness / Providing training / for investigation point of view.    

    Required Qualifications and Experience  
    SKILLS AND KNOWLEDGE
    (Minimum acceptable proficiency for this job which best indicates the education and/or experience requirements of this job and not the incumbent)

    Educational Qualifications
    a) Qualifications
    ï‚
  •  Minimum Qualification:Graduation (BE/ BTech/ MCA, MBA (IT/ Operations) preferred)
    ï‚
  •  Work Experience
    ï‚
  •  Should at least have 1-2 years of experience in similar industry.
    ï‚
  •  Must have good knowledge of excel / tools like Power BI / SQL.
    ï‚
  •  Good knowledge of Finance business.    

    • Employment Type: Full Time, Permanent

    Read full job description

    Prepare for Assistant Risk Manager roles with real interview advice

    What people at Bajaj Finance are saying

    5.0
     Rating based on 2 Assistant Risk Manager reviews

    Likes

    Bajaj is ethically correct company.

    • Salary - Good
      • +6 more
    Dislikes

    Yearly appraisal is a huge miss.

    Read 2 Assistant Risk Manager reviews

    Assistant Risk Manager salary at Bajaj Finance

    reported by 7 employees
    ₹4 L/yr - ₹5.4 L/yr
    At par with the average Assistant Risk Manager Salary in India
    View more details

    What Bajaj Finance employees are saying about work life

    based on 6.7k employees
    53%
    72%
    52%
    97%
    Flexible timing
    Monday to Saturday
    Within city
    Day Shift
    View more insights

    Bajaj Finance Benefits

    Job Training
    Health Insurance
    Soft Skill Training
    Work From Home
    Free Transport
    Team Outings +6 more
    View more benefits

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