Head - Fraud Risk Management| Thane

This is a senior level position overseeing the implementation of the bank s fraud detection and prevention strategy.

Qualifications: Bachelor s degree

Experience: 10 to 20 years

• Establish a 24*7 fraud alert monitoring capability.
• Ensure that monitoring standards are adhered to by the team.
• Develop and ensure that Quality Assurance is executed across samples of alerts.
• Lead a diverse team of fraud monitoring analysts and their team leads in the daily execution of the tasks.
• Coach the team to keep pace with emerging fraud modus operandi. Provide bank-wide training on latest trends in frauds and the prevention techniques.
• Monitor efficiency of the team and take corrective actions, wherever necessary.
• Conduct rule efficiency analysis and carry out necessary changes to improve fraud prevention/detection rates and reduce false positives.
• Ensure adherence of all TATs.
• Provide subject matter expertise input of new products, initiatives and channels.
• Provide regular data and feedback to the top management.
• Collaborate with law enforcement agencies where required.
• Network with industry peers to share intelligence and best practices.
• Stay updated with the latest trends in banking fraud, technology, monitoring and investigation techniques.