Manager - Fraud Control Unit - BFSI (6-10 yrs)

Manager-FCU

Job Profile:

- Responsible for identifying, preventing, and investigating fraudulent activities within the organization.

- The specialist will work closely with various teams to ensure effective fraud risk management and implement strategies to minimize financial losses.

Key Responsibilities:-

Fraud Detection & Prevention:

- Monitor transactions and accounts for suspicious activities using fraud detection tools.

- Implement fraud prevention techniques and strategies to mitigate the risks of financial losses.

- Analyze data to identify trends and anomalies that indicate possible fraud.

Investigation:

- Investigate potential fraudulent activities by reviewing relevant documentation, transaction details, and communications.

- Collaborate with internal teams (e.g., legal, compliance, operations) and external entities (law enforcement, customers, etc.) to gather necessary information.

- Conduct thorough investigations to identify and confirm fraudulent activities, ensuring all regulatory and legal obligations are met.

Reporting & Documentation:

- Prepare detailed reports of investigations and findings, including recommendations for corrective actions or further investigation.

- Maintain accurate records of all fraud-related incidents, including case management and reporting to senior management and regulatory bodies.

Risk Management:

- Assist in the development and implementation of fraud control policies and procedures.

- Evaluate the effectiveness of current fraud controls and recommend enhancements where necessary.

- Stay updated on industry best practices and emerging fraud trends to ensure that the organization is prepared for new threats.

Key Qualifications:

- Bachelor's degree in finance, criminal justice, risk management, or a related field.

- Willing to travel for 10-12 days to PAN India locations

- 6+ of experience in fraud detection, investigation, or a similar role within the financial services sector.

- Familiarity with fraud detection software, transaction monitoring systems, and data analysis tools.

- Strong analytical and problem-solving skills, with the ability to interpret large data sets.

- Excellent written and verbal communication skills.

- Ability to work independently and as part of a team in a fast-paced environment.

- Knowledge of relevant legal and regulatory frameworks related to fraud (AML, KYC, etc.).

Preferred Skills:

- Certifications such as Certified Fraud Examiner (CFE) or Certified Anti-Money Laundering Specialist (CAMS).

- Experience working with law enforcement agencies and legal professionals.

- Knowledge of digital fraud, cybersecurity threats, and online payment system.