Fraud Risk Manager

ABCD Aditya Birla Capital Digital; Maharashtra; On-site; INR 4,000,000 - 6,000,000; Full time

Job summary

ABCD Aditya Birla Capital Digital in India seeks a senior leader to develop and guide fraud risk management across the organization, including detection, prevention, and investigations. You will drive cross-functional collaboration and ensure robust controls to safeguard assets and reputation.

You will collaborate with legal, compliance, finance, and IT to implement policies, provide regular reporting to senior leadership, and foster a proactive, fraud-aware culture through training and

Qualifications

• Develop and implement risk management policies and procedures.
• Ensure compliance with regulatory requirements and internal policies.
• Lead and mentor the risk management team.

Responsibilities

• Identify, assess, and manage financial risks across the organization.
• Prepare and present risk reports to senior management and the board.
• Liaise with internal and external stakeholders, including auditors and regulators.
• Contribute to strategic planning and decision-making processes.

Skills

Risk assessment

Policy development

Compliance

Reporting

Team leadership

Strategic planning

Stakeholder engagement

Job description

Job Purpose

Responsible for developing and leading strategies to detect, prevent, and mitigate fraud risks within the organization. They oversee fraud prevention systems, conduct risk assessments, and ensure compliance with policies and regulations. The role involves leading investigations into fraud incidents and collaborating with other departments for a unified approach. They also promote fraud awareness through training programs. Additionally, the position requires continuous evaluation and improvement of fraud management practices. The goal is to protect the organization's assets, reputation, and regulatory standing.

Job Context & Major Challenges

ABC Digital has been incorporated as a wholly owned subsidiary of Aditya Birla Capital in 2023 to engage in distribution of Aditya Birla Capital products and providing services to customers, including web-based services, e-commerce, and payments facilities and allied activities.

Job Purpose

Responsible for developing and leading strategies to detect, prevent, and mitigate fraud risks within the organization. They oversee fraud prevention systems, conduct risk assessments, and ensure compliance with policies and regulations. The role involves leading investigations into fraud incidents and collaborating with other departments for a unified approach. They also promote fraud awareness through training programs. Additionally, the position requires continuous evaluation and improvement of fraud management practices. The goal is to protect the organization's assets, reputation, and regulatory standing.

Job Context & Major Challenges

ABC Digital has been incorporated as a wholly owned subsidiary of Aditya Birla Capital in 2023 to engage in distribution of Aditya Birla Capital products and providing services to customers, including web-based services, e-commerce, and payments facilities and allied activities.

ABC Digital is developing an omni-channel based D2C platform (website and app) to acquire new customers and serve them seamlessly. In addition, ABC Digital has started a virtual engagement management through inbound and outbound calling. Also, ABC Digital is engaged in cross-selling different ABC products to walk-in branch customers.

ABC Digital is collaborating with all ABCL subsidiaries to deliver a truly personalized and seamless omni-channel experience for both new and existing customers by building capacity and enhancing productivity through investments in talent, technology, marketing, and data and analytics.This role requires close collaboration with various departments, such as legal, compliance, finance, and IT, to establish a unified, cross-functional approach to fraud prevention. The individual must stay up-to-date with evolving fraud tactics, technologies, and regulatory requirements to proactively manage and mitigate risks. Given the importance of protecting the company’s reputation and financial stability, the position often reports directly to senior leadership or the board, providing strategic insights and decision-making support. The role also requires a balance between operational leadership and tactical execution in fraud prevention, detection, and response.

Key Challenges

evolving fraud tactics, balancing fraud prevention with business operations, and managing technological advancements. Ensuring cross-departmental collaboration and compliance with regulations can be complex. Additionally, promoting a fraud-aware culture may face resistance within the organization.

Key Result Areas

KRA (Accountabilities) (Max 1325 Characters)

Supporting Actions (Max 1325 Characters)

• KRA1 Risk Assessment and Management Identify, assess, and manage financial risks across the organization.
• KRA2 Policy Development Develop and implement risk management policies and procedures.
• KRA3 Compliance Ensure compliance with regulatory requirements and internal policies.
• KRA4 Reporting Prepare and present risk reports to senior management and the board
• KRA5 Team Leadership Lead and mentor the risk management team
• KRA6 Strategic Planning: Contribute to strategic planning and decision-making processes
• KRA7 Stakeholder Engagement Liaise with internal and external stakeholders, including auditors and regulators.