Fraud Risk Manager

U.S. Bank; Chennai District; On-site; INR 3,500,000 - 5,500,000; Full time

Job summary

U.S. Bancorp India seeks a Fraud Risk Manager to lead fraud teams, direct investigations, and drive effective loss prevention while maintaining a high standard of customer service.

You will monitor trends, align with risk strategy, and collaborate with Compliance, Legal, and Operations to strengthen controls. 8+ years’ experience required; location Chennai, India.

Qualifications

• Leadership of fraud teams and cross-functional collaboration.
• Deep knowledge of fraud detection, KYC, and risk controls.
• Ability to analyze trends and communicate risks clearly.

Responsibilities

• Lead day-to-day fraud detection, investigation, and loss prevention activities.
• Oversee case inventories, workflow, and timely resolution of issues.
• Monitor fraud trends and KPIs to implement mitigations.
• Ensure compliance with policies, procedures and regulatory requirements.
• Direct investigation of complex cases and escalations.
• Partner with multiple teams to improve controls and detection.
• Review performance metrics and drive corrective actions.
• Identify process improvements and enhance detection capabilities.
• Support audits and regulatory examinations with documentation.

Skills

People Leadership & Team Building

Fraud Detection, Investigation & Risk

Customer Authentication, Verification

Know Your Customer (KYC)

Operational Performance Monitoring

Critical Thinking & Decision-Making

Accountability & Ownership

Communication

Stakeholder Management

Conflict Resolution & Escalation

Tools

Data Analysis

Executive Presentation

Job description

At U.S. Bancorp India, we're on a journey to do our best. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bancorp India gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.

Job Description

The Fraud Risk Manager is responsible for leading a team of fraud professionals focused on protecting customers and the bank from fraud-related losses while delivering a high-quality customer experience. This role oversees daily operations, monitors performance metrics, ensures regulatory compliance, and drives effective fraud detection, investigation, and resolution activities. The manager partners with business leaders, risk partners, and cross-functional teams to identify emerging fraud trends, mitigate risks, and implement process improvements. They provide coaching, development, and performance management to employees while fostering a culture of accountability, collaboration, and continuous improvement. The role is accountable for maintaining operational controls, managing escalations, supporting audits, and ensuring adherence to policies and procedures. Success in this position requires strong leadership, analytical thinking, risk management expertise, and the ability to influence positive business outcomes in a dynamic fraud environment.

Skills:

Must to have:

• People Leadership & Team Building
• Fraud Detection, Investigation & Risk Management
• Customer Authentication, Verification & Fraud Prevention
• Know Your Customer (KYC) Compliance & Due Diligence
• Operational Performance Monitoring & Metrics Management
• Critical Thinking, Problem Resolution & Decision-Making
• Accountability, Ownership & Results-Oriented Leadership
• Written, Verbal & Interpersonal Communication
• Stakeholder Relationship Management & Cross-Functional Collaboration
• Conflict Resolution, Escalation Management & Influencing

Good to have:

• Coaching, Employee Development & Performance Management
• Scam Identification, Customer Education & Resolution
• Regulatory Compliance, Operational Risk & Control Management
• Policy Interpretation, Procedure Execution & Governance Management Reporting
• Data Analysis & Executive Presentation
• Workflow Optimization, Process Improvement & Change Management
• Customer Documentation Review, Research & Decision Support
• Customer Service Excellence & Quality Assurance
• Workforce Planning, Staffing & Employee Relations
• Attention to Detail, Accuracy & Quality Control
• Strategic Planning, Prioritization & Resource Management
• Continuous Improvement, Risk Awareness & Change Leadership

Competencies:

Must to have:

• Coaching, Development & Performance Management
• Policy and Procedure Adherence
• Operational Performance Monitoring

Good to have:

• People Leadership & Team Management
• Fraud & Risk Management
• Customer Authentication and verification
• Customer KYC Requirements
• Scam Awareness & resolution
• Regulatory Compliance & Risk Management
• Fraud & Risk Management
• Customer Authentication and verification
• Customer KYC Requirements
• Scam Awareness & resolution
• Regulatory Compliance & Risk Management

Roles & Responsibilities:

• Lead the day-to-day operations of teams responsible for fraud detection, investigation, and fraud loss prevention activities.
• Oversee fraud case inventories, workflow distribution, and service delivery to ensure timely and accurate resolution of customer and fraud-related issues.
• Monitor fraud trends, operational risks, and key performance indicators to identify emerging threats and implement appropriate mitigation strategies.
• Ensure compliance with bank policies, operating procedures, regulatory requirements, and fraud risk management standards across all team activities.
• Direct the investigation and resolution of complex fraud cases, escalations, customer complaints, and high-risk situations requiring management involvement.
• Partner with Fraud Strategy, Risk Management, Operations, Compliance, Legal, and other business partners to address fraud risks and improve controls.
• Review operational performance metrics, quality results, fraud losses, productivity measures, and service levels, taking corrective action when necessary.
• Lead efforts to identify process improvement opportunities, strengthen controls, and enhance fraud detection and prevention capabilities.
• Ensure effective implementation of new fraud policies, procedures, technologies, products, and regulatory changes within the team.
• Support audits, examinations, and risk reviews by maintaining effective controls, providing documentation, and implementing corrective action plans as required.
• Analyze operational data and management reports to identify trends, risks, capacity needs, and opportunities to improve customer and business outcomes.
• Communicate department performance, fraud trends, operational risks, and key initiatives to senior leadership and business partners.
• Manage employee performance through regular coaching, feedback, development planning, performance reviews, and performance improvement plans when necessary.
• Foster an engaged and inclusive work environment that promotes accountability, collaboration, continuous learning, and professional development.
• Support staffing and employee administration activities including hiring, onboarding, work assignments, scheduling, workforce planning, training, compensation actions, employee relations matters, and adherence to employment policies.

Location - Chennai.

Experience - 8 +Years (3years in Team handling)

Location expectations This role requires working from a U.S. Bank location 5 days per week.

If there's anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants.

Posting may be closed earlier due to high volume of applicants.

This is an U.S. Bancorp India posting. U.S. Bancorp India is a part of the U.S. Bank family. At U.S. Bank, we're on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what you excel at— all from Day One.