AM: Investigator - Digital Investigations

Axis Bank; Dadri; On-site; INR 1,000,000 - 1,800,000; Full time

Job summary

Axis Bank is seeking a professional to develop and implement policies for timely investigations of frauds, complaints, staff misconduct, bribery and corruption, leveraging technology and data analysis to support conclusions.

The role involves initiating and completing investigations within set time norms, ensuring high-quality root-cause analysis, and coordinating with internal teams for information dissemination and regulator communications.

Qualifications

• The role involves developing and implementing policies for timely investigations of frauds, complaints, staff misconduct, bribery/corruption, etc.
• Proactive management of investigations in line with bank policies, procedures and regulatory requirements.
• Emphasis on using technology and data analysis to support investigation conclusions.

Responsibilities

• Commencement and completion of investigations within time norms as per Fraud Risk Management policy.
• Ensure comprehensiveness and quality of investigations, root cause analysis, and recommendations to mitigate fraud risk.
• Manage large value fraud reporting, board notes preparation, and quarterly updates to executive leadership.
• Timely reporting of fraud cases, information sharing with internal departments, and regulatory reporting.

Job description

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.