About the role
We are looking for a detail-oriented and experienced risk professional to strengthen our team. The role focuses on preventing and investigating fraud related to secured loans (like Enterprise Development Loans, Agri Loans, LAP, and MSME Loans). The candidate will also be responsible for managing external fraud control agencies (FCU vendors), ensuring quality and timely delivery of investigation reports.
What You will do
• Monitor both digital and physical loan applications for suspicious patterns and potential fraud risks.
• Perform screening and sampling of loan profiles for in-depth verification.
• Analyze application documents, KYC, and financial records to identify inconsistencies, manipulation, or red flags.
• Investigate suspected fraud cases, document findings with supporting evidence, and recommend appropriate actions.
• Work closely with underwriting and credit risk teams to resolve potential fraud-related concerns.
• Manage and coordinate with external FCU (Fraud Control Unit) agencies:
• Assign cases to vendors.
• Track Turn-Around-Time (TAT)
for report submissions.
• Ensure quality and completeness of field investigation reports.
• Provide feedback to vendors and maintain performance records.
• Maintain MIS and billing data for vendor usage
• Prepare timely and detailed investigation reports for internal use and regulatory submission.
• Ensure compliance with RBI fraud reporting norms and other regulatory guidelines.
• Work closely with legal, compliance, and operations teams for fraud mitigation and case closure.
• Support audit requirements by maintaining and sharing fraud case documentation.
• Identify fraud trends and recommend preventive controls.
• Train and support internal stakeholders to improve fraud awareness.
What you will need
• Robust knowledge of fraud investigation procedures in Indian banking and lending.
• 3-7 years of experience in Indian banking sector
• Prior experience working with FCU vendors and field investigatio