Role Name: Fraud Governance and Prevention
To design, govern, and oversee the Bank’s Fraud Risk Management framework,
ensuring:
robust enterprise-wide fraud governance and risk culture
Regulatory compliance (RBI Fraud Directions, AML/KYC, etc.)
proactive identification and mitigation of fraud risks for Commercial Banking

The role operates as a Second Line of Defence (SLOD) providing independent
oversight, challenge, and governance to business and fraud operations.
Key Responsibilities

A. Fraud Governance & Framework Design
Develop and maintain enterprise-wide Fraud Risk Management (FRM) framework,
policies, and standards
Ensure alignment with:
RBI Fraud Risk Management Directions (2024)
enterprise risk framework
Define fraud risk appetite, thresholds, and tolerance limits

B. Fraud Risk Identification & Assessment
Lead fraud risk assessments across products, channels, and processes
Identify:
emerging fraud typologies (digital, payments, lending, social engineering)
internal vs external fraud risks
Build frameworks for:




Early Warning Signals (EWS)
Red Flagging of Accounts (RFA)

C. Policy, Controls & SLOD Challenge
Develop and review:
anti-fraud policies
control standards
process controls across lifecycle
Validate control design and operating effectiveness
Provide independent challenge to FLOD (business/operations)

D. Fraud Intelligence
Provide insights for:
policy changes
control enhancement
strategic interventions

E. Incident Oversight & Root Cause Analysis
Oversee significant fraud incidents at enterprise level
Ensure:
root cause analysis
systemic remediation
closure tracking

F. Governance, Committees & Board Reporting
Present fraud risk insights to:
Risk Committee / Board
Senior management forums
Track:
fraud losses
system effectiveness
control gaps

G. Third-Party & Ecosystem Risk
Oversee fraud risks arising from:
vendors
fintech partners
outsourcing arrangemen

📌 Team Member Governance Mumbai
🏢 Kotak
📍 Mumbai