- Managing a team of Transaction Monitoring Analysts and day to day functioning
- Active monitoring of team activity by timely review of case management alert investigation, completion and alert disposition.
- Quality of alert closures to be examined through sampling
- Critically assess the rules to monitor alerts within the automated monitoring platforms to ensure their ability to capture the risks modelled.
Rule analysis to detect fraudulent transactions through various FRM systems to establish/maintain proactive fraud prevention mechanisms and fraud detection/investigation process in the business.
- Undertake analysis on monitoring data to establish or recommend changes or alteration in defined rules.
- To closely work with the Management, compliance and field team to strengthen the processes.
- Conduct process and product reviews take active role in fraud assessments of new products, significant changes on the existing processes where fraud risk exposure might be concerned.
- Creating and presenting the case reports to identify challenges and constrains in the system with the remedies to overcome the same.
- Coordinate internal processes for the revision, review of policies to the business unit as well as internal departmental procedures to support function.
- To assess, support and recommend solutions in modified or new Fraud Risk technology/tools available on the market.
- Ensure fraud performance is within established benchmarks and industry level/regional level losses.
- Lead in-house development of external and internal fraud detection and mitigation solutions, alert and case management work flow.
Preparing RCSA and Participating in internal and external audit preparation and remediation