Deputy Manager/Assistant Manager-FRM

Utkarsh Small Finance Bank; Varanasi; On-site; INR 900,000 - 1,500,000; Full time

Job summary

Utkarsh Small Finance Bank is seeking a Fraud and Risk professional to manage and investigate fraud cases, identify root causes, and close control gaps.

You will handle RBI reporting, perform FRA across products and channels, review alerts, and coordinate resolutions with stakeholders. You will also prepare MIS and dashboards to support governance.

Qualifications

• Graduate or postgraduate with FRM or Risk Management experience.
• Strong knowledge of banking products, fraud investigation, regulatory reporting and data analysis.
• Proficiency in Excel and MIS reporting with stakeholder management.

Responsibilities

• Manage and investigate fraud/suspected fraud cases, identify root causes, control gaps, and financial impact.
• Handle RBI fraud reporting (FMR-1, FMR-4, CIMS submissions) and ensure timely regulatory compliance.
• Conduct Fraud Risk Assessments (FRA) across products, processes, and channels; recommend preventive controls.
• Review customer and digital fraud cases, transaction monitoring alerts, and coordinate resolution with stakeholders.
• Prepare MIS, dashboards, committee reports, audit responses, and track post-fraud action items to closure.

Skills

Fraud investigation

Regulatory reporting

Data analysis

Stakeholder management

Education

Graduate/Postgraduate with FRM/Risk Management experience

Tools

Excel

Job description

Role & responsibilities

• Manage and investigate fraud/suspected fraud cases, identify root causes, control gaps, and financial impact.
• Handle RBI fraud reporting (FMR-1, FMR-4, CIMS submissions) and ensure timely regulatory compliance.
• Conduct Fraud Risk Assessments (FRA) across products, processes, and channels; recommend preventive controls.
• Review customer and digital fraud cases, transaction monitoring alerts, and coordinate resolution with stakeholders.
• Prepare MIS, dashboards, committee reports, audit responses, and track post-fraud action items to closure.

Preferred candidate profile

• Graduate/Postgraduate with experience in FRM/Risk Management.
• Strong knowledge of banking products, fraud investigation, regulatory reporting and data analysis.
• Proficient in Excel, MIS reporting, stakeholder management, and analytical problem-solving.