Key Responsibilities

• Strategy Development and Implementation: Develop and execute the overall fraud prevention strategy and framework for the organization, aligning with business objectives and regulatory requirements.

• Establish policies, procedures, and controls to detect, prevent, and respond to fraud incidents effectively.

• Fraud Risk Assessment: Conduct regular fraud risk assessments to identify potential vulnerabilities, emerging threats, and areas of exposure across business functions and processes.

• Evaluate internal controls, systems, and processes to ensure adequacy in mitigating fraud risks and
  safeguarding company assets.

• Fraud Detection Systems and Tools: Evaluate, implement, and optimize fraud detection systems, tools, and technologies to enhance the organization’s capabilities in identifying and preventing fraudulent activities.

• Leverage data analytics, machine learning, and artificial intelligence techniques to improve fraud detection
  accuracy and efficiency.

• Fraud Investigation and Response: Lead and oversee fraud investigations, ensuring timely and thorough examination of suspected fraud incidents, irregularities, and breaches.

• Coordinate with internal teams, external partners, and law enforcement agencies to gather evidence,
  conduct interviews, and pursue legal action against perpetrators.

• Compliance and Regulatory Oversight: Ensure compliance with regulatory requirements, industry standards, and best practices in fraud prevention and detection.

• Stay abreast of regulatory changes and updates related to fraud prevention, reporting obligations, and
  industry guidelines.

• Training and Awareness: Develop and deliver training programs, workshops, and awareness campaigns to educate employees on fraud risks, detection techniques, and reporting procedures.
• Promote a culture of fraud awareness, integrity, and compliance throughout the organization, fostering a proactive approach to fraud prevention and detection.
• Stakeholder Engagement and Collaboration: Collaborate with senior management, department heads, and cross-functional teams to promote a unified approach to fraud control and risk management.
• Foster relationships with external stakeholders, including regulatory authorities, industry associations, and law enforcement agencies, to share intelligence and best practices.
• Performance Monitoring and Reporting: Establish key performance indicators (KPIs) and metrics to monitor the effectiveness of fraud prevention efforts and the impact of fraud control measures.
• Prepare regular reports and presentations for senior management and the board of directors, highlighting fraud trends, incidents, and mitigation strategies.

Qualification

• Bachelor’s degree in business administration, finance, accounting, or related field; master’s degree or professional certification (e.g., CFE, CAMS) preferred.
• 7+ years of experience in fraud prevention, risk management, or compliance roles, with significant exposure to fraud detection and investigation in the financial services industry or NBFC sector.
• Strong leadership and managerial skills, with the ability to lead cross-functional teams, drive change, and foster a culture of integrity and accountability.
• Expertise in fraud detection techniques, forensic investigation methodologies, and regulatory compliance requirements related to fraud prevention.
• Excellent analytical skills, with the ability to analyze complex data sets, identify patterns, and draw actionable insights to mitigate fraud risks.
• Proficiency in fraud detection systems, data analytics tools, and case management software.
• Strong communication and interpersonal skills, with the ability to interact effectively with internal and external stakeholders at all levels.
• Ability to work independently, manage multiple priorities, and make sound decisions in a dynamic and fast-paced environment.
• Commitment to upholding ethical standards, integrity, and confidentiality in handling sensitive information and conducting investigations.