Head - Fraud Control Unit (FCU)

Role & responsibilities

Fraud Risk Management:

• Develop, implement, and maintain comprehensive fraud risk management policies and
  frameworks.
• Identify, assess, and mitigate fraud risks specific to affordable housing and MSME LAP segments.
• Establish systematic processes for fraud detection, reporting, and resolution.
• Conduct field investigations

Regulatory Compliance:

• Ensure compliance with NBFC-specific regulatory norms and digital lending guidelines.
• Monitor adherence to KYC, AML, and other statutory requirements across all processes.
• Collaborate with regulatory bodies and ensure timely submission of required reports.

Risk Mitigation and Control:

• Design and execute risk-based audit processes to enhance fraud control.
• Implement automated tools and technologies for fraud detection and prevention.
• Analyze portfolio performance to detect and address early warning signals.

Team Leadership:

• Build, mentor, and lead a high-performing fraud control team.
• Provide training to teams on fraud risk, regulatory compliance, and best practices.
• Foster a collaborative and compliance-oriented culture across departments.

Stakeholder Collaboration:

• Work closely with sales, product, and business development teams to integrate fraud risk strategies into operations.
• Manage vendor relationships, ensuring timely deliverables and quality standards.

Operational Excellence:

• Lead investigations into employee integrity and fraud cases with discretion and accuracy.
• Monitor and ensure timely resolution of identified fraud risks or discrepancies.
• Conduct regular risk reviews and update strategies to address emerging fraud trends.

Preferred candidate profile

• Bachelors degree (MBA or specialization in Finance preferred).
• 7+ years of experience in fraud control or risk management within NBFCs or banks.
• Proven expertise in affordable housing and MSME LAP segments.
• Certified Fraud Examiner (CFE) or Financial Risk Management (FRM) certifications are highly desirable.

Skills and Attributes:

• In-depth knowledge of fraud risk management, KYC, and AML compliance.
• Strong understanding of NBFC regulatory norms and digital lending guidelines.
• Leadership skills with a proven ability to manage and mentor teams.
• Excellent analytical, problem-solving, and decision-making capabilities.
• Proficiency in fraud detection tools and audit processes.
• Effective communication and stakeholder management skills.

Perks and benefits

• Competitive Compensation: Attractive salary with performance-based incentives.
• Professional Growth: Opportunities for skill development and leadership training.
• Collaborative Work Environment: Work with a dedicated and innovative team.
• Strategic Role: Contribute significantly to shaping the fraud control strategy of the organization.