Head - Fraud Control Unit

Strategic Leadership and Program Management:

Develop and implement the strategic roadmap for the Fraud Control Unit, aligning it with the organization’s overall risk management objectives.

Lead the design and execution of fraud prevention, detection, and investigation programs across various business units.

Regularly review and update fraud control policies, standards, and procedures to ensure their effectiveness.

Fraud Detection and Prevention:

Oversee the development and utilization of advanced analytics, machine learning, and other technologies to proactively detect and prevent fraud.

Conduct risk assessments to identify potential fraud risks, establish controls, and mitigate vulnerabilities.

Collaborate with technology and data teams to integrate tools and systems for robust fraud monitoring.

Investigation and Response:

Supervise complex investigations into fraud incidents, including those involving internal and external parties.

Ensure investigations are conducted in compliance with legal and regulatory standards, and maintain detailed documentation of all findings.

Coordinate with HR, Legal, and Compliance teams on matters involving employee misconduct or regulatory breaches.

Regulatory Compliance and Reporting:

Ensure that the FCU adheres to all applicable fraud-related regulations and industry standards within India.

Develop and maintain relationships with regulatory bodies and law enforcement agencies to stay current on regulatory updates and requirements.

Provide regular reports to senior management and the board, highlighting fraud trends, case outcomes, and the financial impact of fraud incidents.

Leadership and Team Development:

Build, mentor, and lead a high-performing team of fraud risk analysts, investigators, and data scientists.

Develop and deliver training programs to enhance the skills and awareness of the fraud control team.

Foster a culture of transparency, integrity, and ethical behavior across the organization, promoting fraud prevention awareness.