Job Description:

Fraud risk management involves the identification, assessment, prevention, detection, and response to fraud risks within an organization.

Job Title

Fraud Risk Identification

Job Summary

The job involves overseeing the proactive identification, assessment, and analysis of fraud risks across all business units in the Bank. This role involves developing and implementing frameworks and tools to detect potential fraud vulnerabilities, analysing emerging threats, and collaborating with stakeholders to ensure a strong fraud risk management system. The position requires a blend of analytical expertise, strategic thinking, and deep industry knowledge to safeguard firms assets and reputation.

Key Responsibilities

Strategic Leadership:
- Develop and execute a comprehensive fraud prevention strategy aligned with organizational goals and regulatory requirements.
- Lead initiatives to build a robust anti-fraud culture across the organization.

Fraud Risk Management:
- Identify & highlight emerging fraud trends and proactively implement measures to mitigate risks.




- Monitor and challenge fraud prevention controls, ensuring effectiveness against evolving threats.
- Fraud Risk Registers :
- Maintain & update Fraud Risk Registers (RCSA)
- Ensure periodic control testing for all RCSAs (Fraud Risk Register linked)
- Review of all products / processes for fraud risk & define related controls  Mystery shopping of 3rd party conduct

Risk Oversight and Advisory:
- Provide independent oversight and challenge to the first line of defence's fraud risk management activities.
- Review and assess the effectiveness of fraud detection and prevention strategies implemented by operational teams.
- Advise on fraud risk mitigation measures and best practices to address identified vulnerabilities.
- Regularly report on fraud risk trends, issues, and controls to senior management, committees, and the board.
- Escalate significant fraud risk concerns or incidents, ensuring prompt

📌 Kotak Bank (Mumbai)
🏢 Acura Solution
📍 Mumbai