Fraud Investigation Manager Interview Questions and Answers

RBI regulates monetary policy, supervises banks, and manages foreign exchange. Risk and fraud involve financial loss due to deception or mismanagement.

• RBI is the central bank of India and is responsible for regulating monetary policy, supervising banks, and managing foreign exchange.

• Risk involves the potential for financial loss due to uncertainty or unforeseen events.

• Fraud involves intentional deception or misrepresentation for financial gain.

• Fraud can take many forms, such ...read more

Risk management is necessary to identify, assess, and mitigate potential risks that can impact an organization's operations and reputation.

• Helps in identifying potential risks and vulnerabilities

• Assesses the likelihood and impact of risks

• Develops strategies to mitigate or avoid risks

• Ensures compliance with regulations and laws

• Protects the organization's reputation and financial stability

• Examples: cyber threats, fraud, natural disasters, supply chain disruptions

Risk management is the process of identifying, assessing, and controlling potential risks that could affect an organization's objectives.

• It involves identifying potential risks and their likelihood of occurring

• Assessing the potential impact of those risks on the organization

• Developing strategies to mitigate or control those risks

• Monitoring and reviewing the effectiveness of those strategies

• Examples include implementing security measures to prevent fraud, creating contingency ...read more