Hiring for Fraud Investigation Officer – pune

Job Description

Hiring for cOfficer – pune

YES BANK is seeking an experienced and detail-oriented Fraud Investigation Officer to join our dedicated Fraud Risk team. This role is critical in detecting, investigating, and preventing fraudulent activities that threaten the financial integrity and reputation of the bank. The ideal candidate will be a proactive professional with a strong background in fraud investigations or internal audits, excellent analytical capabilities, and an unwavering commitment to ethical standards.

 Responsibilities:

• Fraud Detection & Investigation:

  • Conduct comprehensive investigations into suspected fraudulent activities across various banking products and services, including retail, corporate credit, and operational transactions.

  • Use forensic accounting techniques and data analytics to identify red flags and patterns indicative of fraud or financial misconduct.

  • Analyze complex financial records, account statements, transaction histories, and audit trails to uncover inconsistencies or suspicious behavior.

• Reporting & Documentation:

  • Prepare detailed investigation reports documenting findings, evidence, root causes, and recommended corrective or disciplinary actions.

  • Maintain meticulous records of all investigations, ensuring compliance with internal policies and regulatory requirements.

  • Present findings and recommendations to senior management, audit committees, or regulatory authorities as necessary.

• Collaboration & Compliance:

  • Work closely with Internal Audit, Legal, Compliance, Risk Management, and Operations teams to coordinate investigations and strengthen control frameworks.

  • Assist in the development and enhancement of fraud detection methodologies, policies, and procedures to mitigate risk.

  • Liaise with external agencies such as law enforcement, regulators, and forensic experts when investigations escalate beyond internal resolution.

• Training & Awareness:

  • Conduct fraud risk awareness sessions and training programs for bank employees to promote vigilance and preventive practices.

  • Stay informed on emerging fraud trends, typologies, cyber-fraud tactics, and regulatory changes affecting the banking sector.

• Process Improvement:

  • Recommend improvements in internal controls, operational workflows, and audit procedures to minimize fraud risk exposure.

  • Participate in risk assessments and contribute to the bank’s overall fraud risk management strategy.

Qualifications & Experience:

• Educational Background:

  • Chartered Accountant (CA) qualification is highly preferred.

  • Additional certifications in Fraud Examination, Risk Management, or Internal Audit (e.g., CFE, CIA) will be a plus.

• Professional Experience:

  • Minimum 5-6 years of hands-on experience in fraud investigation, forensic audit, or internal audit within the banking or financial services industry.

  • Proven track record of managing complex fraud cases and delivering actionable outcomes.

  • Strong knowledge of banking credit processes, operational risk, and regulatory compliance frameworks.

• Technical Skills:

  • Proficiency in data analytics tools, audit software, and MS Office Suite (Excel, PowerPoint, Word).

  • Ability to perform forensic accounting, transaction monitoring, and root cause analysis.

• Soft Skills:

  • Exceptional analytical and critical thinking abilities.

  • Strong communication skills – both written and verbal – for report writing and stakeholder engagement.

  • High ethical standards, confidentiality, and professional integrity.

  • Ability to work independently as well as collaboratively in cross-functional teams.

  • Effective time management and ability to prioritize multiple investigations under pressure.

Exclusions:

Candidates with experience primarily focused on KYC or AML investigations will not be considered for this position.

Why Work With Us?

• Join a reputable financial institution committed to ethical business practices and robust risk management.

• Work in a challenging and dynamic environment that offers continuous learning and career advancement opportunities.

• Engage with diverse teams and gain exposure to cutting-edge fraud detection technologies and methodologies.

• Competitive compensation and benefits package.