Investigations: Head - Trade & ForexINTERNAL USAGE:No. of Vacancies:1Reports to:Internal Vigilance: Chief of Internal Vigilance Is a Team leader?YTeam Size: Grade:SVP1 Business:Internal VigilanceDepartment: Internal VigilanceSub-Department: Location:MumbaiAbout Department
- The main function of the Vigilance Department is to undertake preventive vigilance and anti-corruption measures as also investigate complaints /allegations having vigilance angle .
About the Role
Vigilance team is responsible for Adherence to timelines for completion of Vigilance investigation Key Responsibilities
- Should ensure for obtention of relevant information required for FOREX &
• TRADE related investigations from various departments / systems / branches and get it completed within time norms as specified in Fraud Policy.
- Review the preparation of comprehensive investigation reports focusing on Root Cause Analysis, Identification of Process / Control Gaps, recommendations for improvement of processes and mitigation of Fraud Risk, Identification and fixing of Staff Accountability
Qualifications
- Chartered Accountant / MBA / Accounting / FRM
- Positive Knowledge on Retail Banking - Lending functions
Role Proficiencies:
- Should have a good knowledge of Forex &
• Trade transactions and operations, different processes, products, Bank Circulars, and all Forex and Trade related systems of the Bank.
- Should be able to handle different types of FOREX &
• TRADE related investigations.
- Should ensure for obtention of relevant information required for FOREX &
• TRADE related investigations from various departments / systems / branches and get it completed within time norms as specified in Fraud Policy.
- Should visit locations in case of critical frauds for assessing the incident, interaction with staff and interactions with the Controllers.
- Review the preparation of comprehensive investigation reports focusing on Root Cause Analysis, Identification of Process / Control Gaps, recommendations for improvement of processes and mitigation of Fraud Risk, Identification and fixing of Staff Accountability
- Should be able to provide updates regarding the FOREX &
• TRADE related cases investigated to Senior Management Committees.
- Should make effective use of data and AI / RPA (Robotic process automation) for innovatively driving the investigation process