Risk Analyst - Fraud Monitoring and Reporting

Risk Analyst - Operational Risk Resilience & FMR Reporting| Thrissur

The Risk Analyst – Fraud Monitoring & Return Reporting is responsible for supporting the organization’s fraud risk management framework through effective monitoring, analysis, and reporting of fraudulent activities. This includes the preparation of detailed notes and communications to various internal functionaries, generation and analysis of MIS reports, and timely reporting of Fake Indian Currency Notes (FICN) and digital fraud incidents to relevant authorities. The role also involves meticulous record-keeping and maintaining all necessary documentary evidence to ensure compliance with regulatory and audit requirements. By delivering accurate, data-driven insights and facilitating prompt escalation of suspicious activities, the analyst helps in mitigating fraud risk and strengthening operational resilience.

• Review and ensure periodic updates of the Fraud Risk Management Policy.
• Timely reporting of frauds and submission of complete regulatory returns to RBI.
• Validate fraud entries in the fraud reporting module for accuracy.
• Send notifications to Branches, ARD, Gold Team, and Finance for NPA marking of fraud accounts.
• Share fraud details with ARD/Finance to facilitate provision calculation.
• Maintain a centralized repository of all reported fraud cases.
• Report closure of fraud cases in RBI’s IRIS system.
  

Qualifications: Graduate/MBA

Experience: 6 to 8 years

Experience Level

Mid Level