Fraud Risk Head - Financial Services

Role Overview:

As the Fraud Risk Head, based in Gurgaon/Gurugram, you will be responsible for developing, implementing, and overseeing the fraud risk management framework for the organization. You will work closely with various departments, including Banking Operations, Compliance, Audit, and Technology, to identify, assess, and mitigate fraud risks across all business lines. Your leadership will be crucial in safeguarding the organization's assets, reputation, and customer trust by proactively preventing and detecting fraudulent activities.

Key Responsibilities:

• Develop and implement a comprehensive fraud risk management framework, including policies, procedures, and controls, to protect the organization from financial losses and reputational damage.
• Conduct thorough fraud risk assessments across all business lines and functions to identify vulnerabilities and emerging threats.
• Lead the investigation of suspected fraud incidents, coordinating with internal and external stakeholders to gather evidence and pursue appropriate legal action.
• Monitor fraud trends and patterns, utilizing data analytics and intelligence gathering techniques to detect and prevent fraudulent activities.
• Provide regular reporting to senior management and the Board of Directors on the status of fraud risk management activities and key performance indicators.
• Collaborate with Compliance and Audit teams to ensure alignment of fraud risk management activities with regulatory requirements and internal audit plans.
• Develop and deliver training programs to employees on fraud awareness and prevention techniques, fostering a culture of ethical conduct and vigilance.
• Oversee the implementation and maintenance of fraud detection systems and technologies, ensuring their effectiveness in identifying and preventing fraudulent transactions.
• Manage and mentor a team of fraud risk professionals, providing guidance and support to enhance their skills and expertise.

Required Skillset:

• Demonstrated expertise in fraud risk management, fraud analysis, and investigation techniques within the banking or financial services industry.
• Proven ability to develop and implement fraud risk management frameworks, policies, and procedures.
• Strong understanding of regulatory requirements related to fraud prevention and compliance.
• Excellent analytical and problem-solving skills, with the ability to interpret complex data and identify patterns of fraudulent activity.
• Exceptional communication and interpersonal skills, with the ability to effectively communicate with stakeholders at all levels of the organization.
• Experience in leading and managing a team of fraud risk professionals.
• Degree in Finance, Accounting, or a related field; advanced degree or professional certification (e.g., CFE, CAMS) preferred.
• Adaptable to a dynamic work environment and capable of working effectively both independently and as part of a team.