Head – Risk Containment Unit – BFS Fynehand Consultants

The Corporate Institute; Mumbai; On-site; INR 400,000 - 700,000; Full time

Job summary

The Corporate Institute in Mumbai seeks a Head of the Risk Containment Unit to oversee fraud prevention and risk mitigation across the organization. You will lead analytics-driven strategies, collaborate with senior leadership, and ensure compliance with evolving standards while maintaining a seamless customer experience.

You will build and deploy predictive models, manage a high-performing team, and work closely with product and technology to strengthen onboarding and transaction workflows.

Qualifications

• Experience in managing large-scale risk management frameworks in financial services or fintech.
• Expertise in fraud analytics and predictive modeling.
• Proven leadership with the ability to influence senior stakeholders.
• Strong analytical and problem-solving skills.
• Excellent communication for regulatory interactions.
• 15 to 20 years of experience in risk containment, fraud analysis.
• On-site Mumbai work environment.

Responsibilities

• Design and implement fraud detection strategies to minimize losses.
• Lead and mentor a team of risk analysts and investigators.
• Partner with product and technology to integrate fraud analytics.
• Oversee development of predictive models and monitoring systems.
• Represent the organization in regulatory audits and forums.
• Drive continuous improvement by analyzing historical data.

Skills

Fraud Analytics

Risk Management

Leadership

Regulatory Liaison

Data Analytics

Stakeholder Management

Excellent Communication

Education

Postgraduate degree in Finance

MBA preferred

Job description

Role Overview:

As the Head of the Risk Containment Unit (RCU) based in Mumbai, you will spearhead the strategic oversight of fraud prevention and risk mitigation frameworks across the organization. You will operate at the intersection of data-driven decision-making and operational excellence, collaborating closely with senior leadership, product teams, and external regulatory bodies to fortify the company’s defense mechanisms. Your primary mandate is to protect the firm’s assets and reputation by identifying emerging threats, optimizing fraud detection workflows, and fostering a culture of proactive risk management. By leveraging advanced analytics and industry-leading investigative practices, you will directly influence the company’s bottom line, ensuring sustainable growth while maintaining a seamless experience for legitimate customers.

Key Responsibilities:

• Design and implement comprehensive fraud detection strategies to minimize financial losses and safeguard the organization against evolving market risks.
• Lead and mentor a high-performing team of risk analysts and investigators to ensure timely resolution of complex fraud cases and operational efficiency.
• Partner with cross-functional stakeholders in product and technology to integrate robust fraud analytics into the customer onboarding and transaction lifecycle.
• Oversee the development of predictive models and automated monitoring systems to detect anomalies and prevent fraudulent activities in real-time.
• Represent the organization in regulatory audits and industry forums to ensure compliance with evolving risk management standards and best practices.
• Drive continuous improvement initiatives by analyzing historical data to identify systemic vulnerabilities and implementing corrective control measures.

Required Skillset:

• Demonstrated expertise in managing large-scale Risk Management frameworks within the financial services or fintech sector, with a proven track record of mitigating high-value fraud.
• Advanced proficiency in Fraud Analytics, utilizing data-driven insights to build predictive models that identify and neutralize sophisticated fraud patterns.
• Exceptional leadership capabilities, with the ability to influence senior stakeholders and manage diverse teams in a fast-paced, high-pressure environment.
• Strong analytical and problem-solving skills, coupled with the ability to translate complex data sets into actionable business strategies.
• Excellent communication and interpersonal skills, essential for navigating regulatory relationships and fostering cross-departmental collaboration.
• A postgraduate degree in Finance, Business Administration, or a related quantitative field from a premier institute is highly preferred.
• Ability to thrive in an on-site work environment in Mumbai, demonstrating high adaptability to the dynamic requirements of a central risk control function.
• Minimum of 15 to 20 years of professional experience in risk containment, fraud analysis, and strategic risk operations.