Central Risk Manager

Role Summary

The role holder will be primarily responsible for managing a team responsible for conducting the investigation of all

Suspected fraud / Attempted fraud cases pertaining to Retail, SME, Liability, Red Flagged Account (RFA) and Willful

Defaulter (WD) cases across the Bank, raised under YVN. The role requires extensive experience in managing / monitoring of

investigations and an in-depth understanding of assessment and identification of the underlying risk applicable for below

product lines.

ü Retail Assets (RA) primarily consists of the following business segments : Secured and Unsecured loans of various types

(Personal Loan / Business Loan, Auto Loan, CV, CE, HCF, Home Loan, LAP etc.)

ü Retail Liability primarily consists of Saving and Current account.

ü Small and Medium Enterprises (SME) primarily consists of the following business segments : Micro Enterprises Banking

(MIB) comes under Business Banking and Small Enterprises (SE) & Medium Enterprises (ME) comes under Commercial

Banking

ü RFA accounts are the loan accounts where suspicion of fraud arises due to one or more Early Warning Signals (EWS),

Strategic / Job Responsibilities

• Heading entire team for conducting investigations in a sound and ethical manner along with driving timely submission of reports within the specified timelines.
• Supporting team in deriving the scope of investigations and assisting in conducting sensitive interview basis the observations.
• Engagement with Regional / Zonal / National level stakeholders for fostering the collaborative environment and ensuring the redressal of observations.
• Recommend process improvements / gaps based on feedback from team identified during the course of investigations.
• Validation of case reports prepared for submission to senior management.
• Monitoring of the investigative procedures and accordingly suggest innovative ideas for cost minimization.
• Spearheading improvement in existing process and framework for the team.
• Providing trends, patterns for key risk areas to senior management for effective risk mitigation.
• Establish good network with peers and sharing best practices followed on timely basis.

People Management Responsibilities

Minimum Qualifications

CA / MBA from reputed institute (experience in Fraud Risk management preferred)

prompting the bank to investigate potential wrongdoing.

ü Wilful defaulter is the borrower who deliberately avoids repayment obligations despite having the capacity to pay.

Skills Required

Risk Mitigation, Fraud Risk Management, Process Improvement