Financial Crime Prevention Manager - Transaction Monitoring

Job description

Category Financial Crime Prevention Job level Entry-Level Managerial Industry Any Experience 1 to 3 Years Location Across India Essential Services : Role & Location fungibility At ICICI Bank, we believe in serving our customers beyond our role definition, product boundaries, and domain limitations through our philosophy of customer 360-degree. In essence, this captures our belief in serving the entire banking needs of our customers as One Bank, One Team .

To achieve this, employees at ICICI Bank are expected to be role and loc ation-fungible with the understanding that Banking is an essential service .The role descriptions give you an overview of the responsibilities, it is only directional and guiding in nature. About the role A Financial Crime Prevention Manager in Customer Acquisition Risk Team will be responsible for driving and supervising the fraud check process for applicants before loan approval, undertake post disbursement checks for Mortgage and check files & disbursements for triggers.

In this role one shall be required to drive fraud investigations and verifications apart from probing cases based on triggers and investigation of issues, check & probe process violations, keep track of frauds in the market and ensure appropriate controls are set to avoid such frauds in our portfolio, use mechanisms like Hunter to prevent fraud, manage CART vendors and diligent compliance of the Fraud Reports, update the management regularly with the events that would affect the organization in meeting its objectives, keep close watch on DSA, DSTs, FI agencies, Valuation and legal agencies, other outsource agencies and employees, send periodic reports and diligently follow-up for the necessary actions, Review and analyse comprehensive MIS reports on regular basis.

You will also conduct Mystery Shopping/Seeding Activities, based on management guidelines. Travel is involved as there would be necessity to conduct verifications or investigations or review FCPG - CART activities.

Key Responsibilities

Compliance Ensure risk control and process adherence across all the process / activities performed in day-to-day operations. Ensure adherence to banking regulations, laws and other statutory bodies. To stay abreast of the changes in the regulatory framework (RBI master circular etc). Collaboration To collaborate with stakeholders i.e. Business, Credit & Vendors for day-to-day operations towards mitigating fraud trends prevailing in Geographical areas.

Confidentiality Managing confidentiality and handling sensitive information is a key to this role. Training and Awareness Conduct workshops and training sessions for the FCPG Vendors, Business to create a better understanding about the current fraud trends. Prepare high quality presentations for meetings with business stakeholders

Qualifications & Skills

Educational Qualification Graduate (Bachelor Degree in Finance, Banking, Information Technology, Computer Science) and related field will be given preference Experience Minimum 1 year of experience in a similar role/ bank. Experience in fraud monitoring, data processing, analytics and technology implementation will be given preference, however other candidates may also apply. Few Success Factors Strategic focus Openness to collaborate Vigil on norms & regulations Orientation to understand business Learning aptitude . . . .

About the Business Group Incident Monitoring and Resolution Group (IMRG) is responsible for monitoring account behaviour and identifying potential negative profile customers. IMRG is also be responsible for designing processes to proactively respond to cyber-crime and fraudulent transactions to safeguard our customers. A key focus area for IMRG would be to respond to all cyber fraud related issues including freezing, unfreezing of accounts, resolving customer issues and facilitate enhanced, and frictionless customer experience.

Customer Acquisition Risk Team (CART) is a dedicated team to combat fraud; the team implements preventive measures by understanding the product / documents and identify existence of risk at various stages. Suspected and attempted cases are investigated with the objective to restrict the fraud loss by maintaining TAT (Turn Around Time) efficiency for both internal and external stakeholders. Investigation includes Desktop investigation and Field Investigation.

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Frequently Asked Questions Show More Show Less Is understanding of banking required to apply for this role? Experience in Banking Knowledge is not a necessary condition to apply, it would be an added advantage. We require someone who has an up to date understanding of RBI and other regulatory guidelines, Basel regulations, Liquidity management, Asset Liability Management etc. Can a fresher apply for the role of Audit Manager?

Qualified Chartered Accountant (CA) or CA Intermediate with 0 to 5 years of domain experience can apply for the role. Is this a team-handling role? Our Auditors work in synergy with many internal and external stakeholders. Most of all, our auditors will conduct internal audit of treasury products and activities encompassing Front Office, Mid Office and Back office, regulatory reporting and compliances. What is the selection process Post receiving your application, we shall duly evaluate your profile against the job requirements.

If shortlisted, we shall invite you for a personal interview to better understand your profile. Please update your profile at ICICI Careers for us to stay updated with your latest information. What is the next step after applying? While we duly evaluate your profile against the job requirements, we encourage you to keep your profile at ICICI Careers updated with the latest resume, photograph and complete the declaration.