Role Name: Fraud Governance and Prevention
- To design, govern, and oversee the Bank’s Fraud Risk Management framework, ensuring:
- solid 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
- 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
- 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)
- 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)
- Fraud Intelligence
- Provide insights for: - policy changes
- control enhancement
- strategic interventions
- Incident Oversight & Root Cause Analysis
- Oversee significant fraud incidents at enterprise level
- Ensure: - root cause analysis
- systemic remediation
- closure tracking
- Governance, Committees & Board Reporting
- Present fraud risk insights to: - Risk Committee / Board
- Senior management forums
- Track: - fraud losses
- system effectiveness
- control gaps
- Third-Party & Ecosystem Risk
- Oversee fraud risks arising from: - vendors
- fintech partners
- outsourcing arrangements
- Ensure adequate third

📌 Team Member-Governance (Mumbai)
🏢 Kotak Mahindra Bank
📍 Mumbai