Fraud Operations Role 1 4 Yrs Job In Rangam Infotech Private Limited In India, Mumbai

Job DescriptionClient is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices As a market leader, the talent and passion of our people is critical to our success Together, we share a common set of values rooted in integrity, excellence and strong team ethic Client can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow.

A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture The Fraud Operations department is part of the Firm's Cyber Data Risk & Resilience (CDRR) division The team performs Fraud Risk Assessments to evaluate the Third-Party Provider's Anti-Fraud framework Also in an effort to protect our clients' assets, provide a safe and secure banking environment, and to minimize financial losses to the Firm from systematic security risk, the team is tasked with monitoring and analysing client activities in order to detect and curtail fraud The Department's primary responsibilities are the identification, mitigation and incident management of potential fraudulent banking transactions detected by a suite of detection tools as well as investigation and resolution of client-initiated fraud claims.

The Global Fraud Operations Vendor Fraud Risk Management team performs Fraud Risk Assessments to evaluate the Third-Party Provider's Anti-Fraud framework and controls in respective to Payment and the client/employee authentication process (if applicable) The Vendor Risk Assessment ('VRA') team centralizes third party outreach and communication, internal escalation and a first review of completed questionnaires The ISG / IM Alerts, Business Email Compromise (BEC) and Call Back Verification (CBV) Management Team forms part of Global Fraud Operations and acts as the Firm's first line of defence for monitoring suspicious transactions and ensuring the payment community follows the Firm's expectations on CBV The team serves as the Firm's subject matter experts for all payment activities and provides training and education to the payment community globally as well as supports payment teams through payment expertise and guidance on Firm expectations on appropriate execution of wire transfers The team is looking to recruit a full-time consultant to support the growing requirements, objectives and expectations of the Global Fraud Operations Vendor Fraud Risk Management team.

The individual will join a Global team also supporting ISG, IWM and Investment Management business areas The broad reaching portfolio covers all aspects of alerts monitoring & surveillance and will require the candidate to utilize a variety of business tools to perform recurring and ad-hoc investigations quality assurance and be able to report findings to senior management and stakeholders across multiple departments Responsibilities:

• Review of completed Fraud Risk Assessment questionnaires received from vendors
• Monitoring and supervision of all outstanding assessments
• Document findings in a concise manner for communication to the appropriate internal stakeholders and Senior Management
• Coordinate and assist on proposed decisions and action to be taken as a result of any fraud investigation/assessments
• Drafting and maintaining procedure documents
• Daily monitoring, investigation and supervision of work queues to ensure payments are in a secure and accurate state before release
• Working with payment community to investigate wire activity and ensure all controls and checks have been completed, as well as necessary documentation in place where required
• Real time review and investigation of monetary transactions to determine if fraud or misrepresentation exists for payments not recorded within Firm's books and records
• Monitor the Firm's detective Fraud Controls (inline validation), and co-ordinate escalation process with internal stakeholders on verifying outgoing SWIFT payment messages within a strict timeframe
• Daily communication with stakeholders across multiple business lines
• Review and investigation of any BEC scenarios
• Daily quality assurance checking of CBVs performed by the payment community, with follow-up and escalation where necessary
• Adhere to departmental and corporate policies to ensure guidelines are followed and executed in accordance with management's expectations
• Creation of monthly reporting around CBV and payments functions, for submission to various senior management forums
• Leading and contributing to various projects as part of the global team

Experience and Skills Required:

• 5 to 4 years experienced individual
• Demonstrate a strong understanding of Fraud risks and threats to Client and industry desirable
• Confident, well rounded, methodical person with strong analytical skills
• Experience working with senior management a plus
• Attention to detail and accuracy is essential
• Experience in fraud or break investigations desirable (but not essential)
• Payment knowledge and an understanding of SWIFT formatting desirable (but not essential)
• Ability to manage conflict and challenge payment teams processes and controls
• Self-motivated, pro-active and have ability to work consistently and proficiently to achieve goals either as individual or as part of a team
• Proficient in Microsoft Excel and PowerPoint
• Task oriented and inquisitive in nature
• Excellent spoken and written English

Rangam Infotech Private Limited is looking for .

Rangam Infotech Private Limited is looking for Any Graduate / Post Graduate profile candidates.