Senior Analyst-RCU

Job Requirements

Role – Project Manager - Senior Analyst - RCU

Function/Department – Risk Containment Unit (RCU)

Location - Mumbai / Thane

Job Purpose:

• The role holder will perform independent process reviews of RCU functions and internal/ fraud controls validations, inspect and guide on compliance matters related to internal SOP & Policy guidelines, etc. for Fraud Risk Management functions including RCU, Transaction Monitoring, Investigation, Reporting, etc.
• The role holder is expected to perform review of all internal processes/ fraud prevention controls, identify gaps and non-adherence proactively, thereby strengthening the processes and ensuring tightening of controls around the same.
• The role holder will thereby assist in ensuring Governance in the unit and assist in adherence to regulatory/ internal guidelines.
  
  

Primary Responsibilities:

• Perform periodic process reviews and internal controls validations to check process adherence vis-à-vis internal and regulatory guidelines and assess effectiveness of existing processes and preventive controls for improvements.
• Develop and maintain SOP for the FRM functions and verify compliances around the internal and regulatory guidelines on recurring basis.
• Review product documents/ journeys and assess controls/ internal controls built in journeys to prevent frauds and misuse with sample testing of evidences.
• Check efficiency and effectiveness of internal checks, rules built in processes of fraud detection & mitigation to strengthen existing processes leading to nil deficiencies and observations.
• Assist in conducting Fraud Risk Assessment/ Vulnerability Assessment for Retail & Commercial Banking products to suggest fraud preventive controls
• Collaborate and guide Fraud Risk & Product teams in enabling effective fraud risk mitigation strategies around core products.
• Follow up, track and publish findings to management and holistic approach on resolution & implementation of solutions.
• Assist in preparing quarterly presentations for senior management as well as internal decks and training materials and work on adhoc/ additional requirements for effective governance function in the unit.
• Build an effective culture of Governance in the Unit and be aware of latest regulatory guidelines and timely percolation/implementation.
  
  

Secondary Responsibilities :

Monthly Newsletter/ Regular MIS & Dashboards, Fraud Risk Register, Develop Training Materials, Data/MIS Management, Project Coordination with Stakeholders, Audit Management, Stakeholder Liaison for process management, Effective Communication and Presentation.

Required Skillset

Fraud Risk Process Governance / RCU Governance, Fraud Risk Management Policy / SOP / Framework Reviews, Audit of RCU / FRM function / Process Audit, Fraud Risk Assessment for Retail & Commercial Banking Products / Processes, Control Validation, Financial Crime

Managerial & Leadership Responsibilities

• Build strong collaborative relationships with internal and external stakeholders to drive portfolio objectives.
• Demonstrate strong project management skills and ability to manage multiple campaigns and initiatives simultaneously.
• Influence cross-functional teams to ensure timely execution of business priorities.
• Exhibit a data-driven decision-making approach with strong analytical and problem-solving abilities.
• Foster a customer-centric and performance-oriented mindset while maintaining operational excellence.
  
  

Qualifications: CA / MBA Finance / Graduate

Industries : Banking

Experience: 5-7 Years