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 presentat

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