Manager - Vigilance

Summary

The role involves managing day to day operations of Vigilance, conduct investigations, oversight of teams work, monitoring of regulatory compliances, maintaining various repositories, trackers, MIS etc.

Role & responsibilities

• Assists and supports the HOD Vigilance in the development of strategies and processes for activities under Vigilance.
• Investigation and inquiry:
• Lead and oversee investigations into frauds, financial irregularities, and other misconduct of various natures.
• Draft and issue show cause notice
• Maintenance of EWS framework for early detection of fraudulent activities
• Gather, review, and analyze evidence to identify causes and recommend preventive actions.
• Prepare investigation reports with factual findings, conclusions, and suggested disciplinary measures.
• Regulatory compliances and reporting:
• Ensure adherence to RBI regulations and guidelines related to fraud detection and reporting (Fraud Monitoring Reports etc.).
• Develop and implement vigilance policies in line with RBI norms and statutory obligations.
• Submission of documents/ information/ data in response to requests from regulatory authority
• Annual fraud report for Board
• Quarterly Fraud Report for Board
• Preparation of presentation decks and minutes of meeting wherever required
• Support in internal and statutory audits.
• Preparation of dashboard, trackers, data repositories related to activities under Vigilance.
• Ensuring adherence to the service levels through Key Performance Indicators such as TAT, quality parameters etc.
• Maintain and enhance Standard Operating Procedures to ensure efficiency across process.
• Ability to work in a professional manner with stakeholders and in accordance with organizational values.
• Responsible for risk assessment and control of fraud detection and prevention strategies,  enhancements of processes, and strategy implementation.
• Understand business direction, structure, business trends, operating environment changes.
• Use interview techniques to question internal and external individuals about facts pertaining to matters under investigation
• Coordination with various functions such as Sales, Operations, Underwriting and Collection department etc.

Preferred candidate profile

• Qualifications Chartered Accountant with minimum 3 years of post-qualification relevant experience
• Understanding of RBI regulations w.r.t fraud monitoring and reporting
• Experience of working in financial services sector preferably in NBFC
• Knowledge of fraud trends, forensic tools and techniques

• Skills:
• Excellent investigative, analytical and problem solving skills
• Strong leadership and team management abilities
• Proficient in working on MS Office suite (Excel, Word, PowerPoint)
• Excellent interpersonal skills with an ability to build collaborative relationship in work.
• Effective communication, both written and verbal, for reporting and presenting findings to senior management.