Investigations:Investigator - Digital Investigations

Investigations:Investigator - Digital Investigations

INTERNAL USAGE:
No. of Vacancies:      Reports to:   Investigation: Electronic Investigations Head

Is a Team leader?   Y/N   Team Size:   
   
Grade:   DM-AVP
Business:   Corporate Centre   Department:     Investigations Department   Sub-Department:   Investigation
Location:   Corporate Office , Worli Mumbai

About Department

Internal Audit function of the Bank, operates independently under the supervision of the Audit Committee of the Board and is responsible for providing an independent view to the Board of Directors and Senior Management on the quality and efficacy of the internal controls, risk management systems, governance systems and processes in place on an on-going basis. This is provided to primarily ensure that the business and support functions are in compliance with both internal and regulatory guidelines.

About the Role

1) The role involves developing  and implementing  policies, standards and practices for timely and efficient investigation of the reported cases frauds, complaints, staff misconduct, bribery/ corruption, etc.

2) Proactively managing  and undertaking  the Investigations related to frauds, complaints, staff misconduct, bribery/ corruption, etc. in tandem with the leading forensic and fraud investigation practices,  Bank's Policies, Procedures and Regulatory requirements.

3) Ensuring  extensive use of technology and data analysis for achievement of the investigation conclusion.

Key Responsibilities

1) Commencement and completion of investigations within time norms. Adherence to the processes as per the Fraud Risk Management policy of the Bank.

2) Comprehensiveness and quality of investigations - Comprehensiveness and quality of investigations, focus on Root Cause Analysis, identification of Process / Control Gaps, provide qualitative recommendations for improvement of processes and mitigation of Fraud Risk, identification and fixing of Staff Accountability, maintaining evidences, records & documentation pertaining to investigations.

3) Large Value Frauds: - Reporting new large value fraud 
-Qualitative preparation of Board notes / presentations
-Quarterly reporting of developments on all Large Value Fraud cases to ED
-Maintenance of files and records in both Digital and Physical form.

4) Prompt and timely reporting of fraud cases: - Disseminate information and intelligence with the concerned internal departments 
-Reporting to regulators and law enforcement agencies as per the guidelines.
-Providing updates to Senior Management management committees in line with the fraud policy.
-Ensuring of Filing of police complaints within prescribed time.
-Error free preparation of FMRs for RBI Reporting

Recovery of fraud loss: -Following up recoveries with the respective teams with regards to loan fraud cases where assets are available through Court etc. Pursuing recoveries with the various teams so as to expedite the enforcement of securities.

Qualifications

•   MBA/CA/ICWA

Role Proficiencies:

For successful execution of the job, a candidate should possess the following:
•   Effective Knowledge of Banking Operations  
•    Good communication (both verbal & written) and inter-personal skills
•   Strong Excel and database manipulation skills, financial and statistical analysis skills)
•   Ability to work effectively across functions and demonstrated ability to coach and mentor others
•   Ability to prioritize and make decisions in a fast-paced environment
•   Ability to work under flexible hours
•   Should be able to travel for completing Assignments.
•   Ability to work as a part of team and contribute towards team goals
•   Ability to manage multiple tasks/projects and deadlines simultaneously