Roles & Responsibilities
● Team Leadership: Supervise, mentor, and train a team of
fraud analysts and investigators. Set clear goals and
objectives for the team and monitor their performance.
Foster a collaborative and supportive work environment to
ensure effective teamwork.
● Fraud Prevention Strategy: Develop, execute and
implement comprehensive fraud prevention strategies and
initiatives. Stay updated on emerging fraud trends,
technologies, and methodologies to adapt strategies
accordingly. Assess adoption of Best Practices used in the
Industry through Peer Networking. Conduct regular
assessments of existing fraud prevention measures and
make recommendations for improvement.
● Detection and Investigation: Oversee the investigation of
suspected fraudulent activities, including reviewing
transactional data, conducting interviews, and gathering
evidence. Analyze patterns and trends in fraudulent
activities to identify potential risks and vulnerabilities.
Highlight Lapses and suggest mitigates to prevent them in
future. Coordinate with law enforcement agencies and
legal counsel as necessary during investigations to help in
conclusive closure of Identified Fraud cases and assist in
Recovery.
● Risk Assessment and Mitigation: Conduct risk assessments
to identify potential areas of vulnerability to fraud.
Implement controls and measures to mitigate fraud risks,
including enhancing authentication processes and
monitoring systems. Collaborate with internal audit and
compliance teams to ensure alignment with regulatory
requirements and industry best practices.
● Policy and Procedure Development: Formulate fraud
prevention policies, procedures, and protocols.
Communicate and enforce fraud prevention policies across
the organization. Provide training and awareness programs
to educate employees on fraud risks and prevention
strategies. Drive a culture of Zero Tolerance across the
Organization through strict enforcement of Fraud
Prevention Policy and Processes.
● Reporting and Documentation: Prepare regular reports on
fraud incidents, investigations, and outcomes for senior
management and relevant stakeholders. Maintain accurate
records of fraud incidents, investigations, and resolutions in
accordance with regulatory requirements and company
policies.