FCU Head
FCU Head
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Job Description
Job Summary:
We are seeking an experienced and dynamic professional to lead the Fraud Control Unit (FCU). The Head FCU will play a pivotal role in safeguarding the organization from fraud risks by implementing robust risk management frameworks adhering to regulatory guidelines and fostering a culture of compliance. The ideal candidate will have a deep understanding of the affordable housing and MSME LAP segments extensive experience in fraud risk management and strong leadership skills.
Key Responsibilities:
Fraud Risk Management:
- Develop implement and maintain comprehensive fraud risk management policies and frameworks.
- Identify assess and mitigate fraud risks specific to affordable housing and MSME LAP segments.
- Establish systematic processes for fraud detection reporting and resolution.
- Conduct field investigations
Regulatory Compliance:
- Ensure compliance with NBFCspecific regulatory norms and digital lending guidelines.
- Monitor adherence to KYC AML and other statutory requirements across all processes.
- Collaborate with regulatory bodies and ensure timely submission of required reports.
Risk Mitigation and Control:
- Design and execute riskbased audit processes to enhance fraud control.
- Implement automated tools and technologies for fraud detection and prevention.
- Analyze portfolio performance to detect and address early warning signals.
Team Leadership:
- Build mentor and lead a highperforming fraud control team.
- Provide training to teams on fraud risk regulatory compliance and best practices.
- Foster a collaborative and complianceoriented culture across departments.
Stakeholder Collaboration:
- Work closely with sales product and business development teams to integrate fraud risk strategies into operations.
- Manage vendor relationships ensuring timely deliverables and quality standards.
Operational Excellence:
- Lead investigations into employee integrity and fraud cases with discretion and accuracy.
- Monitor and ensure timely resolution of identified fraud risks or discrepancies.
- Conduct regular risk reviews and update strategies to address emerging fraud trends.
Qualifications:
- Bachelors degree (MBA or specialization in Finance preferred).
- 8 years of experience in fraud control or risk management within NBFCs or banks.
- Proven expertise in affordable housing and MSME LAP segments.
- Certified Fraud Examiner (CFE) or Financial Risk Management (FRM) certifications are highly desirable.
Skills and Attributes:
- Indepth knowledge of fraud risk management KYC and AML compliance.
- Strong understanding of NBFC regulatory norms and digital lending guidelines.
- Leadership skills with a proven ability to manage and mentor teams.
- Excellent analytical problemsolving and decisionmaking capabilities.
- Proficiency in fraud detection tools and audit processes.
- Effective communication and stakeholder management skills.
What We Offer:
- Competitive Compensation: Attractive salary with performancebased incentives.
- Professional Growth: Opportunities for skill development and leadership training.
- Collaborative Work Environment: Work with a dedicated and innovative team.
- Strategic Role: Contribute significantly to shaping the fraud control strategy of the organization.
Employment Type
Full Time
