Manager - Vigilance (Investigation)

Objective This is a supervisory position that involves managing day to day operations of Vigilance, conduct investigations, oversight of teams work, monitoring of regulatory compliances, maintaining various repositories, trackers, MIS etc.

Key Responsibilities

Assists and supports the HOD Vigilance in the development of strategies and processes for activities under Vigilance.

Investigation and inquiry :

Lead and oversee investigations into frauds, financial irregularities, and other misconduct of various natures.

Draft and issue show cause notice

Maintenance of EWS framework for early detection of fraudulent activities

Gather, review, and analyze evidence to identify causes and recommend preventive actions.

Prepare investigation reports with factual findings, conclusions, and suggested disciplinary measures.

Regulatory compliances and reporting :

Ensure adherence to RBI regulations and guidelines related to fraud detection and reporting (Fraud Monitoring Reports etc.).

Develop and implement vigilance policies in line with RBI norms and statutory obligations.

Submission of documents / information / data in response to requests from regulatory authority

Annual fraud report for Board

Quarterly Fraud Report for Board

Preparation of presentation decks and minutes of meeting wherever required

Support in internal and statutory audits.

Preparation of dashboard, trackers, data repositories related to activities under Vigilance.

Ensuring adherence to the service levels through Key Performance Indicators such as TAT, quality parameters etc.

Maintain and enhance Standard Operating Procedures to ensure efficiency across process.

Ability to work in a professional manner with stakeholders and in accordance with organizational values.

Responsible for risk assessment and control of fraud detection and prevention strategies, enhancements of processes, and strategy implementation.

Understand business direction, structure, business trends, operating environment changes.

Use interview techniques to question internal and external individuals about facts pertaining to matters under investigation.

Coordination with various functions such as Sales, Operations, Underwriting and Collection department etc.

Need to Have Areas

Knowledge of fraud trends, tools and techniques to combat document / technical frauds.

Chartered Accountant

Certification in Fraud (CFE)