AVP – Fraud Risk Management

12 - 17 Years

Job Description

Ensure Frauds at network level is maintained at acceptable levels.
Understand different business lines, products and services offered by NPCI and conceptualize fraud risk management framework for all.
Liaise with business teams for new products or services to understand vulnerable areas with respect to fraud risk and build necessary control measures either at network level or suggest control measures to be included in Product guidelines for members to implement.
Ensure Implementation of Fraud Monitoring and Management tool for all products and channels.
Manage projects related to Fraud Risk Management tools and solutions.
Ensure Fraud risk assessment and mitigating controls are carried out periodically for all products/Channels offered by NPCI.
Organise workshops and Training sessions for banks to understand the Fraud Risk Management framework and Fraud Risk Management services offered by NPCI
Publish periodic Fraud Risk dashboard both internal and external circulations.
Liaise with Regulator for various queries raised with respect to fraud or approvals with respect to any Fraud Risk Management area.
Ensure NPCI Management is updated on project deliveries, emerging fraud trends and performance of Fraud Risk Management Team.
Engage with industry stakeholders and participate in various forums related to fraud Risk management for proactive engagement to build the trust and reputation of the organization.


Fraud Risk Management
Lead Implementation of Fraud Risk Management Framework including Policy and procedures.
Implement Standard Fraud Risk Management Guidelines to member banks of NFS, RuPay, IMPS, AEPS,CTS,NACH and other future products or services offered by NPCI.
Project Management
Ensure regular product tracking with respect to Fraud Risk related projects. Ensure timelines are met as planned
Vendor Management to ensure project deliveries are made as per NPCI requirement and as per the targeted timelines.
Fraud Risk Services and solutions
Ensure Fraud Risk services/solutions are demonstrated to target groups through workshops, demo sessions etc
On-board member banks for fraud risk services and ensure targets are met as per plan.
Fraud Trend monitoring and sharing of information to stakeholders
Ensure a proactive monitoring of emerging fraud trends globally as well as domestically. Ensure Modus Operandi and root cause analysis is carried out wherever necessary and the trends shared with internal stakeholders, external stakeholders and regulator (case to case basis).
Identify control measures to mitigate/reduce the impact of emerging fraud trends and publish advisories and guidelines to members with suggestive actions from their end.
Form taskforce including various experts from industry for specific fraud trends noticed to design or conceptualize mitigating control measures to contain the fraud.
Management Reporting
Ensure daily/monthly/quarterly dashboards are published to management.
Present update of projects, emerging fraud trends etc., in Risk Committee of the Board on a quarterly basis.
Prepare Agenda Notes with updates on Fraud Risk Management, as well necessary approval required for projects etc., for Board meeting as and when required to do so.

People Management:
Help and guide team members in building required skill sets to:
1. Analyze and propose mitigating actions for latest fraud trends.
2. Operationalize Fraud monitoring cell to cater to different business needs.
3. Ensure team is engaged fully.
4. Ensure back up is available any point of time

Salary: Not Disclosed by Recruiter

Industry:Banking / Financial Services / Broking

Functional Area:Financial Services, Banking, Investments, Insurance

Role Category:Senior Management

Role:Head/VP/GM-Credit Risk

Employment Type:Permanent Job, Full Time

Key Skills

Desired Candidate Profile

Please refer to the Job description above

Company Profile

National Payments Corporation of India
National Payments Corporation of India is an umbrella institution for all the retail payments in the country. The core objective is to consolidate and integrate the multiple systems with varying service levels into nation-wide uniform and standard business process for all retail payment systems. The other objective is to facilitate an affordable payment mechanism to benefit the common man across the country and help financial inclusion.
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Contact Company:National Payments Corporation of India