Fraud Control Unit Lead

Lead - Fraud Control Unit/ Risk Control Unit

Base pay range

Rs. 1,500,000.00/yr - Rs. 2,200,000.00/yr

At IIFL Finance, our services go beyond traditional loans and mortgages. We believe in creating a great customer experience with new, modern services crafted explicitly for modern financial needs. Having served retail and MSME customers for 20+ years, we now include Business Loan on WhatsApp and Gold Loan at Home in our evolving catalog of services. Being a service-driven company, our core values encompass convenience and flexibility of transactions for all our customers and stakeholders. We continue to remain India's most reputable financial services provider with a robust network of 2500 plus branches in over 500 cities. We offer a suite of services to suit all your financial needs, swearing by over 6 million happy customers nationwide.

‍Roles & Responsibilities

• Develop and implementation of fraud strategy, policy and initiatives FI/FCU
• To establish and assist with proactive fraud prevention mechanisms and fraud detection / investigations
• Devising an Approach focusing on prevention, detection rather than recovery.
• Implementation of fraud control procedures and implementation of new deterrents to fraud through
• investigations and follow up action.
• Ensure effectiveness in all the processes.
• Ensure for all fraud cases across all locations Investigations are conducted without any slippages.
• Provide strategic intelligence to Fraud Analytics and detection team to enhance performance.
• Work with the other control function to strengthen the control framework
• Develop a rapport with the risk managers of other banks and initiate concerted market action on
• fraudsters wherever required.
• To impart training to all the agencies and cross functions -across products
• Managing reports and activities in Turnaround Time as specified for FCU and FI pan India
• Self-manage investigations of suspicion of fraudulent, criminal and security activities as reported by stakeholders, providing an independent report for management to assist the disciplinary process and
• People / Team - Impart Training to the Team.
• Process / Quality Improvement : Recommend and follow through on policy changes, wherever
• satisfactory levels.

Desired Skills and Experience

Fraud Control Unit, FCU, RCU, Risk Control Unit, Fraud strategy, Fraud investigation.