Assistant Vice President, Specialist, Surveillance Operations, Fraud Monitoring, Legal Compliance and Secretariat

About DBS:

DBS Bank has been present in India for 30 years, opening its first office in Mumbai in 1994. DBS Bank India Limited is the first among the large foreign banks in India to start operating as a wholly owned, locally incorporated subsidiary of a leading global bank. As a trusted partner, DBS provides a range of banking services for large, medium, and small enterprises and individual consumers in India, focusing on a seamless customer experience that helps them ‘Live more, Bank less’. In November 2020, Lakshmi Vilas Bank was merged with DBS Bank India Limited. DBS Bank India is now present in ~350 locations in 19 Indian states.

Requirements:

Fraud Alert / Surveillance:

• Timely monitoring of alerts generated by Fraud Monitoring system (Transaction Surveillance) in line with the internal policies of the bank. Review / Analyse the alert and ensure timely and effective disposition of the alerts.

Work closely with stakeholders on Fraud related items:

• Work closely with stakeholders including operations, business, compliance, legal, audit and other units on Fraud related items.

Providing support / Assistance for other Fraud monitoring requirements:

• Providing support on various requirements like updation of watch lists / caution lists,
• Knowledge and experience in filing of regulatory reports (FMR reporting) etc.
• Assistance to other adhoc Fraud Monitoring related activities like, analysis of thematic studies, Fraud Monitoring related projects and automation.
• Timely monitoring of alerts generated by Fraud monitoring system (Transaction Surveillance) in line with the internal policies of the bank. Review / Analyze the alert and ensure timely and effective disposition of the alerts. Fraud Monitoring Automation to strengthen existing processes and procedures and identification of new process requirements as per regulatory asks. Giving Advisory on Fraud Monitoring related matters to BU/SU and preparing adhoc presentations or MIS as per management routine.
• Well versed with Regulatory and Scheme related guidelines pertaining to Fraud Risk Management and Monitoring.

Job duties and responsibilities:

• Review / Analyze the alert and ensure timely and effective disposition of the alerts.
• Regulatory Reportings like FMR and CPFIR.
• Preparation of MIS for Trend Analysis, Escalation, Review, etc
• Fraud Systems Automation to strengthen existing processes and procedures and identification of new process requirements.
• Giving advisory on Fraud and Scam related matters to BU/SU
• Preparing adhoc presentations or MIS as per management routine.

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