Location FRMU Manager - Mumbai

Birla Carbon; Maharashtra; On-site; INR 900,000 - 1,300,000; Full time

Job summary

Aditya Birla Finance Limited (ABFL) is seeking a specialist to lead the RCU agency samplers, identify document manipulation and major frauds, and optimize sampling to minimize losses.

You will coordinate with risk managers and peers across financial institutions, drive MIS/reporting, and conduct trainings and fraud awareness sessions. Open to outstation travel.

Qualifications

• Analytical mindset for fraud risk & sampling processes.
• Ability to conduct trainings and fraud awareness sessions.
• Effective liaison with risk managers and peers in financial institutions.
• Strong reporting and presentation skills.

Responsibilities

• Lead the team of RCU agency samplers and assist in identifying document manipulation and critical frauds.
• Optimize sampling to ensure minimal fraud loss and maintain TAT.
• Coordinate with risk managers and stakeholders across institutions.
• Drive MIS, reports and dashboards; support business goals.
• Conduct trainings and fraud awareness sessions for stakeholders and vendors.
• Open to outstation travel.

Skills

Analytical bend of mind

Communication

Good listeners

Critical thinking

Networking

Outstation travel

Job description

At the Aditya Birla Group, our Corporate Vision is aligned and intricately woven with our People Vision.

Designation :

Location : India Maharashtra R-Tech Park Goregaon

Job Description:

Job Purpose

Job Purpose Description

1) Job Purpose:

The role is responsible for handling the team of RCU agency samplers and assist them in Identifying document manipulation and critical frauds. Optimizing sampling and ensure minimal fraud loss. To maintain TAT enhance support to the Business Goals. Effective liasoning with risk managers and peers in other financial institutions. To ensure continuous improvement of the RCU screening and sampling system and conduct Stakeholders, meet, Trainings & Fraud awareness sessions.

2) Dimensions:

• Business Units

ABFL

• Products

All ABFL Products

• Geography
• Department Workforce Number

Total No. of Direct Reporting Team Members: 1 to 3

• Other Quantitative and Important Parameters for the job:
• Time circulation of MIS/Reports/Dashboard
• Supporting Area Managers in conducting trainings with stakeholders / vendors.
• Vendor Billing data preparation and quality checks
• ML Tracker preparation
• Co-ordination with all stake holders
• Pre-& Post Disbursal Checks
• Verification of Non-starter cases.
• Qualitative parameters
• Truthful & Integrity
• Analytical bend of mind
• Good listeners & Critical Thinking
• Networking
• Open to outstation travel
• Communication, presentation and Reporting skills

Organizational Context:

Aditya Birla Finance Limited ("ABFL") is a lending subsidiary of Aditya Birla Capital Limited. ABFL is registered with RBI as a Systematically Important Non-Deposit accepting Non-Banking Finance Company (NBFC). ABFL is one of the top private diversified NBFCs in India. As of 31-Dec'20, ABFL has a pan-India presence with 91 branches and a lending book of Rs. 45,560 Crores.

ABFL offers end-to-end lending solutions to a diverse set of customers - Retail, HNI, MSMEs, and Mid & Large Corporates through secured as well as unsecured loan products. The diverse range of lending products includes Retail Small Ticket Secured and Unsecured Loans, Unsecured Personal Loans, Unsecured Business Loans, Health & Education Loans, Digital B2B2C and B2B2B Small Ticket Loans, Small Business Secured Loans, Loans Against Property (LAP), Lease Rental Discounting (LRD), Construction Finance (to Real Estate Developers), SME Loans, Capital Markets Loans (Loan Against Shares), Supply Chain Finance, Mid and Large Corporate Loans, and Infrastructure Finance loans. ABFL also has a Wealth Management division.

ABFL is rated "AAA" by India Ratings, ICRA and CARE (reaffirmed in 2020). ABFL secured the ABG Business Excellence Award in 2017 (Silver), and 2015 (Bronze), and multiple other Awards on forums like CII.

Job context:

The role is responsible for handling the team of RCU agency samplers and assist them in Identifying document manipulation and critical frauds. Optimizing sampling and ensure minimal fraud loss. To maintain TAT enhance support to the Business Goals. Effective liasoning with risk managers and peers in other financial institutions. To ensure continuous improvement of the RCU screening and sampling system and conduct Stakeholders, meet, Trainings & Fraud awareness sessions.

4) Key Result Areas:

Key Result Areas ( Max 1325 Characters)

Supporting Actions ( Max 1325 Characters)

Monetary Savings

• Hit Rate in %age (Basis S&S and Hunter) (Sample to Hit Ratio)
• Fraud Savings in Amount i.e. Loan Amount (Basis S&S and Hunter and Saving from Market Alert and Multiple Funding)
• Efficiency & Verification Cost - % of Files Sampled

Internal Control & Process

• Enhancements / Innovations / Changes suggested / implemented - Initiatives - New Process changes, Automation, System
• Default Backtracking for Document Fraud - Conversion% (FTD)
• Department Audit & Regulatory Compliances (Internal Audit Score & Open Items)
• MIS & Reporting

Process Efficiency

• Vendor Bill preparation and assessment
• Drive TAT (Sampling & Screening {S&S} & Hunter)

People Management

• Team Management - Agency Collaboration, Team Huddle & Engagement, Co Ordination with internal Stakeholders - Annual 12 Monthly Meetings 5%
• Discover more about life at Aditya Birla Group