Job Requirements

Role – Project Manager - Senior Analyst - RCU

Function/Department – Risk Containment Unit (RCU)

Location - Mumbai / Thane

Job Purpose:

The role holder will perform independent process reviews of RCU functions and internal/ fraud controls validations, inspect and guide on compliance matters related to internal SOP & Policy guidelines, etc. for Fraud Risk Management functions including RCU, Transaction Monitoring, Investigation, Reporting, etc.
The role holder is expected to perform review of all internal processes/ fraud prevention controls, identify gaps and non-adherence proactively, thereby strengthening the processes and ensuring tightening of controls around the same.
The role holder will thereby assist in ensuring Governance in the unit and assist in adherence to regulatory/ internal guidelines.

Primary Responsibilities:

Perform periodic process reviews and internal controls validations to check process adherence vis-à-vis internal and regulatory guidelines and assess effectiveness of existing processes and preventive controls for improvements.




Develop and maintain SOP for the FRM functions and verify compliances around the internal and regulatory guidelines on recurring basis.
Review product documents/ journeys and assess controls/ internal controls built in journeys to prevent frauds and misuse with sample testing of evidences.
Check efficiency and effectiveness of internal checks, rules built in processes of fraud detection & mitigation to strengthen existing processes leading to nil deficiencies and observations.
Assist in conducting Fraud Risk Assessment/ Vulnerability Assessment for Retail & Commercial Banking products to suggest fraud preventive controls
Collaborate and guide Fraud Risk & Product teams in enabling effective fraud risk mitigation strategies around core products.
Follow up, track and publish findings to management and holistic approach on resolution & implementation of solutions.
Assist in preparing quarterly presen

📌 Senior Analyst-RCU (Thane)
🏢 IDFC FIRST Bank
📍 Thane