Job Requirements Role – 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 presentations for senior management as well as internal decks and training materials and work on adhoc/ additional requirements for effective governance function in the unit.
- Build an effective culture of Governance in the Unit and be aware of latest regulatory guidelines and timely percolation/implementation.

Secondary Responsibilities : Monthly Newsletter/ Regular MIS & Dashboards, Fraud Risk Register, Develop Training Materials, Data/MIS Management, Project Coordination with Stakeholders, Audit Management, Stakeholder Liaison for process management, Effective Communication and Presentation. Required Skillset Fraud Risk Process Governance / RCU Governance, Fraud Risk Management Policy / SOP / Framework Reviews, Audit of RCU / FRM function / Process Audit, Fraud Risk Assessment for Retail & Commercial Banking Products / Processes, Control Validation, Financial Crime

Key Success Metrics 100% Compliance to regulatory requirements, 100% Compliance to established Policy & SOP guidelines, Periodic Review of 100% processes and controls, proactive identification of gaps, areas of improvement.

Effective implementation of strategy & follow-up, nil breach of compliance to guidelines (internal/external), process adherence and quality assurance. Calendar of events and successful completion of assessments/Governance checks.

Qualifications: CA / MBA Finance / Graduate

Industries : Banking

Experience: 5-7 Years

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