Hiring for Fraud Risk Management (Technical Expertise) – Navi Mumbai

Hiring for Fraud Risk Management (Technical Expertise) – Navi Mumbai

We are looking for an experienced Fraud Risk Management (FRM) professional with strong technical expertise to lead fraud prevention, detection, and mitigation strategies for a Small Finance Bank. The ideal candidate will be responsible for implementing fraud risk frameworks, ensuring compliance, and leveraging advanced fraud detection tools to protect the organization from financial fraud and cyber threats.

 Responsibilities:

1. Fraud Risk Strategy & Implementation

• Develop, implement, and maintain the Fraud Risk Management (FRM) framework in alignment with regulatory guidelines.
• Establish policies, processes, and controls to detect, prevent, and mitigate fraud risks across banking operations.
• Oversee the end-to-end fraud risk lifecycle, from risk identification to remediation.

2. Fraud Detection & Monitoring

• Lead fraud analytics and investigations using data-driven techniques and fraud detection tools.
• Monitor transactional patterns, customer behavior, and fraud indicators to identify suspicious activities.
• Implement real-time fraud monitoring systems to detect and respond to fraudulent transactions.
• Collaborate with IT and security teams to strengthen cyber fraud prevention measures.

3. Compliance & Regulatory Adherence

• Ensure compliance with RBI, AML, KYC, and fraud risk regulations.
• Stay updated on global fraud risk trends, fraud typologies, and regulatory developments.
• Prepare and submit fraud risk reports to regulatory authorities and senior management.

4. Investigations & Incident Management

• Conduct fraud investigations, gather evidence, and prepare reports for law enforcement agencies if required.
• Handle fraud incidents related to digital banking, cyber fraud, loan fraud, payment fraud, and internal fraud.
• Develop fraud risk mitigation strategies based on investigation findings.

5. Risk Assessment & Continuous Improvement

• Perform fraud risk assessments across business units to identify vulnerabilities and loopholes.
• Enhance existing fraud detection techniques using AI, machine learning, and analytics.
• Recommend improvements to fraud prevention policies and train teams on fraud risk awareness.

Key Skills & Expertise Required:

✅ Fraud Risk Management (FRM) Implementation & Maintenance
✅ Fraud Detection & Prevention Strategies
✅ Transaction Monitoring & Cyber Fraud Risk
✅ Regulatory Compliance (RBI Guidelines, AML, KYC)
✅ Advanced Fraud Analytics & Risk Assessment
✅ Investigations & Incident