Head - Fraud Analytics - Bank (10-20 yrs)

Hiring for a Leading Private Sector Bank

Job Summary:

The Head of Fraud Data Analytics & Market Intelligence Unit is a strategic leadership role responsible for overseeing the development, implementation, and management of advanced analytics to detect, prevent, and mitigate fraud. This role also involves leveraging market intelligence to provide insights into emerging fraud trends, competitive threats, and industry developments to safeguard the organization's reputation and assets.

Key Responsibilities :

Fraud Analytics:

1. Develop Fraud Detection Models: Design and deploy predictive analytics models and machine learning algorithms to identify suspicious activities and patterns.

2. Enhance Systems: Continuously optimize fraud monitoring systems to improve detection accuracy and reduce false positives.

3. Data-Driven Insights: Analyze internal and external data sources to identify vulnerabilities and recommend proactive measures.

4. Performance Metrics: Define and track key performance indicators (KPIs) to measure the effectiveness of fraud detection strategies.

Market Intelligence:

1. Industry Monitoring: Stay updated on emerging fraud tactics, industry benchmarks, and regulatory changes.

2. Competitor Analysis: Analyze competitors' risk management strategies to identify opportunities for improvement.

3. Market Trends: Provide actionable insights from market intelligence to inform strategic decision-making.

Team Leadership:

1. Build and Lead: Recruit, develop, and mentor a high-performing team of data analysts, data scientists, and market intelligence specialists.

2. Stakeholder Collaboration: Work closely with risk management, compliance, IT, and other departments to ensure alignment and effective communication.

3. Training: Educate staff and leadership on emerging fraud trends and best practices.

Strategic Planning:

1. Policy Development: Establish and enforce fraud prevention policies, procedures, and standards.

2. Technology Partnerships: Evaluate and recommend advanced fraud detection technologies and vendors.

3. Reporting: Present findings and strategic recommendations to senior leadership and the board.