Job Description

Job Purpose:
The role holder has the responsibility of managing the Risk Control activities covering all products across the Retail platform within the area. The role holder is expected to undertake evaluation of business processes on the basis of random sampling of loan proposals on pre-defined parameters, document and report the findings together with process enhancements to management. It will include analysis of critical MIS reports for identification of uneven trends, undertake fraud investigations and implement fraud control measures to minimize losses.
Roles & Responsibilities:

• Managing entire RCU activities for the assigned area
• Supervise risk control, Fraud Control (FCU/RCU), Investigations & Field Verifications activities in the allocated area
• Pre-disbursement sample verification for checking authenticity of documents
• Post-disbursement sample checking through borrower visits
• Regularly monitoring RCU agencies
• Ensuring that the risk of various processes being outsourced to DSAs & CPAs is mitigated
• Maintaining and sharing of MIS at approved intervals
• Ensure sanctity of Data reported
• Ensure audit of assigned business for verifying process compliance
• Manage projects in core risk infrastructure, tools, systems and data
• Ongoing research and keeping abreast with the latest fraud trends and providing updates to various departments within the Bank
• Manage fraud surveillance mechanism on banking transactions

Skills Required