Investigations:Investigator - Fraud Reporting & Committee Meeting

Investigations:Investigator - Fraud Reporting & Committee Meeting

INTERNAL USAGE:
No. of Vacancies:      Reports to:   SVP I /SVP II
Is a Team leader?   No   Team Size:   
   
Grade:   Manager - Assistant Vice President
Business:   Corporate Centre   Department:     Internal Audit   Sub-Department:   
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

The concerned team has to Develop and Implement Policies, Standards and Practices for Timely and Efficient Investigation of the Reported Cases, Frauds, Complaints and Staff Misdemeanor along with Whistle Blower cases. They must Proactively manage and undertake the Investigations related to Frauds, Complaints, Whistle Blower and staff Misdemeanor in tandem with the Leading Forensic and Fraud Investigation Practices, Bank's Policies, Procedures and Regulatory Requirements.

Key Responsibilities

•   Proactively manage and undertake timely reporting of frauds on XBRL platform of RBI and also reporting to other regulators / investigation agencies
•   Qualitative and error-free submission of FMR 1, FMR 4, DO letters and SFIO letters and filling with RBI  within stipulated time.
•   Lodgement / updation / closure of cases in incident application workflow system
•   Tracking actionables emanating out of Investigated cases
•   Sending Sharing of Information / Negative listing to stake holders
•   Maintenance of dashboards 
•   Preparation of various agenda notes for Board Committee
•   Co-coordinating with various internal stakeholders for the cases referred for investigations 
•   Prompt assignment of cases to the investigating teams

Qualifications

•   MBA/CA/ICWA
•   Should have worked in a Bank / NBFC in a similar role and have hands-on experience with the Fraud reporting requirements of RBI mentioned
•   Should have sound knowledge of Banking rules and regulations and various regulatory guidelines 
•   Should be highly proficient in MS Office (Word / Excel / Power Point)
•   Should have good written, presentation and communication skills

Role Proficiencies:

•   Coordinating with various stakeholder who raise incidents in incident application workflow system for various issues / requirements / documents
•   Follow up for resolution of complaints pertaining to MD Desk / Nodal Office / Banking Ombudsman with Investigation Heads / Investigators
•   Maintainance of returns pertaining to Attempted Frauds and Quarterly Information Security 
Dashboarding of cases received for investigation from various channels in prescribed formats on ongoing basis
•   Qualitative and error-free submission of FMR 1, FMR 4, DO letters and SFIO letters and filling with RBI  within stipulated time
•   Qualitative and error-free preparation of RBR after obtaining all the relevant information regarding recovery / police complaint and filling to RBI within stipulated time
•   Qualitative and error-free updation of developments of fraud cases in Fraud Update Application (FUA) of RBI in XBRL platform
•   Tracking actionables emanating out of Investigated cases and ensuring its closure