About the Role
Digital Fraud Strategy Development
· Formulate and execute a comprehensive digital fraud risk management strategy
aligned with the organisation’s objectives.
· Monitor emerging fraud trends and implement proactive mitigation measures.
· Conduct periodic assessments and audits to drive continuous enhancement of the
fraud risk framework.
Technology Integration
· Champion the deployment of advanced technologies for fraud detection and
prevention.
· Lead the integration of fraud detection tools (e.g., Device ID, CKYC, Hunter) into
core lending processes and systems.
Data-Driven Decision Making
· Leverage alternative data sources and analytics to strengthen fraud detection rules
and triggers.
· Partner with the analytics team to design predictive models for early identification
and prevention of fraudulent activities.
Process Optimization
· Streamline fraud risk management processes through automation and minimisation
of manual interventions.
· Collaborate with cross-functional teams to optimise and standardise fraud
prevention procedures.
Stakeholder Collaboration
· Engage closely with internal stakeholders, including Analytics, Underwriting,
Compliance, and Legal, to ensure cohesive fraud risk management.
· Maintain strong relationships with technology vendors and peer financial institutions to keep the fraud risk strategy current and effective.
Performance Monitoring
· Define and track key performance indicators (KPIs) to evaluate the impact and
efficiency of fraud risk initiatives.
· Conduct regular performance reviews and audits to foster ongoing improvement.
Team Management
· Build and lead a high-performing fraud risk team.
· Provide coaching, training, and mentorship to strengthen team expertise and
effectiveness.
Requirements
Core 12 to 15 years of experience in technology, complemented by a background in Risk divisions
such as Operational Risk, Project Management, or Fraud Risk.
Should have strong proficiency in data analytics and familiarity with AI/ML technologies for fraud
prevention.
A Master’s degree in Business Administration, Finance, Information Technology, or a related field
is preferred.
About the Company
The role is with a Leading NBFC-Investment and Credit Company.