Fraud Prevention Sr Manager

Job Details

Position Title:  Senior Manager

Career Level:  L2

Job Category: Manager, Fraud Detection Manager – India

Role Type: Hybrid

Job Location: Bangalore

About the Team:

The Fraud Services Team is part of First Citizens India, Enterprise Operations and is responsible for detecting potentially illicit activity targeting First Citizens India client accounts and escalating illicit activity to be investigated, when appropriate. This Manager position leads a fraud detection team which is responsible for the identification and prevention of fraudulent activity targeting client accounts. The Manager is responsible for the performance of the team and ensures department deliverables and objectives are met daily.

Impact

The successful candidate will have expert knowledge of fraud prevention strategies which mitigate fraud exposure to both clients and First Citizens India. In addition to managing day to day work and providing people leadership, they will act as a subject matter expert in assessing fraud detection's current processes, driving improvements that may need to be implemented, and collaborating with the broader organizational leadership teams. The Manager will work closely with Fraud Analysts, Senior Analysts, and Leads to ensure their growth and overall success.  This position is a Leadership Level 2, and requires advanced analytical skills, specialized functional expertise in fraud and compliance, and the ability to drive collaboration with internal partners and clients.

Key Deliverables

• Hire, manage, coach, and develop Fraud Detection employees.
• Deploy staffing strategies based on available resources and overall inventory.
• Supports First Citizens Bank first line of defense initiatives through team(s) adherence to company policies and procedures.
• Closely monitor daily/weekly/monthly inventory, ensuring that all work is completed within service level agreements.
• Draft and maintain clear, effective procedural requirements.
• Adhere to a quality assurance program to ensure that all procedural requirements are being met, proper analysis is being conducted, and investigations are complete.
• Develop a training program to expand the skillsets of fraud detection employees.
• Assist in the development and implementation of First Citizens Bank technology initiatives.
• Collaborate with technical support teams to improve the efficiency and effectiveness of First Citizens Bank’s fraud detection tools.
• Plan and lead ongoing team meetings and trainings to ensure that all members of the Fraud Detection team receive clear communication regarding relevant First Citizens Bank developments, industry news, and department priorities and goals.
• Provide robust and ongoing coaching to direct reports regarding performance, career planning, and opportunities for improvement.
• Provide executive-level updates to senior leadership on department trends.
• Performance coaching and guidance on how to inspire, improve and take their team(s) performance to the next level.
• Sets team performance/behavior expectations and holds team(s) accountable.
• Will promote a control and process improvement mindset, through innovation, to identify and support scalability and efficiency at the right margins.
• Solid understanding in how to motivate and develop talent for First Citizens Bank.
• Will foster an environment of accountability, learning and growth across their team; provides strong thought leadership and analytical skills on how best to approach or solve a situation.
• Engage the appropriate teams/partners and/or LT to resolve the client sensitive issues.
• Ensuring self and teamwork within established procedures, processes and/or regulatory guideline
• Proactively identifies opportunities that are going to improve the business, processes, client experience or team(s) performance; Recommendations are vetted with key stakeholders and/or business partners as well as their leader.

Skills and Qualification

Functional Skills:

• Thoroughly understand & exhibit intelligent use of various system tools and procedures.
• Proactively highlight threats & compliance issues to the management in a timely manner.
• Successfully meet tight SLAs as required by the operational management requirements.
• Strong critical thinking and problem-solving skills.
• Strong Leadership acumen and motivator with ability to influence at all levels.
• Ability to drive initiatives globally.
• Clear and extremely strong communication skills
• Management experience, team building experience.
• Experience in back-office operations, banking, or financial services with focus on controls strongly preferred.
• Providing operational support to clients & business partners consistent with bank policy & procedures
• Solid understanding of Bank products, regulations, department processes & procedures

Technical/Business Skills:

• Must possess a deep understanding of all fraud typologies.
• Must be able to independently issue guidance and coaching to Fraud Services team on all matters within the department’s purview.
• Must be able to properly allocate and reallocate resources to the plethora of tasks requiring completion to ensure all timeframes are met 100% of the time.
• Must have experience providing coaching to ensure that all members of the Team meet internal and regulatory expectations.
• Must be skilled in people management, including the ability to deliver difficult messages, provide formal performance management, and further develop team members of all success levels thoughtfully and successfully.
• Strong oral and written communication skills are required.
• Proven knowledge of bank, compliance or investment terminology or products is preferred.
• Ability to work in a structured, high volume, time-sensitive and high-risk environment.
• Highly adaptable and resilient, must be open to new ideas and willing to support fluid workflows.
• Manage time effectively while driving the above responsibilities diligently.
• Escalation handling, clarifying questions and participating in projects within the team.
• Work with willingness to learn, adapt & show flexibility with support hours & coverage.
• Detail-oriented with a keen eye for accurate quality of work.
• Ability to deal with minimum direction.
• Experience working and leading in a global matrixed environment.
• Typically requires 12 - 15 years of experience in Fraud Detection/Investigations or closely related field, including: experience conducting complex investigations; providing training, feedback, and coaching; and helping drive BSA compliant investigative strategy.
• Bachelor’s degree or higher preferred. Advanced degree and professional certifications (CFE, CAMS, etc.) preferred.
• Proficiency in MS products (CRM, Outlook, PowerPoint), database apps, workflow platforms &/or analytics tools, is a plus.

Relationships & Collaboration

• Have a strong ability to multi-task and handle multiple requirements from internal stakeholders effectively.
• Have a solid functional overview of various teams, processes & stakeholders from connected departments.
• Be able to independently solve/support requirements across all connected teams.