Job Description - Team Member- Reporting Unit - FCMD
- Activities related to detection, classification & reporting of Frauds:
· Receipt of Investigation Report, documents & information from Audit / Vigilance / Business / FCU / Operations and external or internal sources.
· Assimilate & reviw the report & documents received.
· Investigate further, if required.
· Prepare the Agenda Note of FPMC meeting & present the incidents.
· Prepare minutes of the meeting & obtain approval of members.
· Circulate the actionable among related departments
· Continuous follow up with respective departments for closure of actionable
· Prepare FMR & report to the RBI within timeline.
· High Value Frauds – review, presentation to Committees of Executive/Board & regulatory reporting
- Prepare Agenda Notes for presentation to Committees of Executives and Board
- Prepare Circular / Advisory / Newsletter
- Prepare monthly Performance Report for presentation to senior management
- Maintain good relationship & continuous liaison with other departments
- Respond to RBI queries along with internal departmental queries
- Review of products & processes to suggest modifications or changes
- Regular update on regulatory guidelines (RBI/IBA/Ministry of Finance)
- Conduct training of branch / departmental staffs
10. Receipt of Notices/letters from Law Enforcement Agencies & respond promptly with required documents/information
11. Review & prompt response to MHA online queries
12. Reporting in Electronic Data Submission Portal
13. Review of monthly EWS Monitoring Reports submitted by business & present to Committees of Executives
14. Analysis of Near Miss incidents reported by branches
15. Review & reporting of Robbery/Theft/Dacoity/Burglary incidents to the RBI
16. Respond to actionable emanated from meetings of Executives and Board
17. Review and reporting of ATM Skimming incidents
Experience: Minimum two years of work experience in Fraud Control or Compliance or Risk departments with in-depth knowledge of regulatory guidelines.
Preferred Skills: Analytical, proficient in English, good knowledge of MS