Risk Management

Lendingkart Group; Chennai; On-site; INR 1,500,000 - 2,500,000; Full time

Job summary

Lendingkart Group in Chennai, India seeks an experienced Fraud Lead to supervise and mentor a team of analysts and investigators. You will develop comprehensive fraud prevention strategies, oversee investigations, and drive policy implementation to mitigate evolving fraud risks.

The role requires coordination with legal and regulatory stakeholders to ensure conclusive closure of cases and proactive risk reduction.

Responsibilities

• Oversee the investigation of suspected fraudulent activities, including reviewing data and interviewing stakeholders.
• Develop and implement fraud prevention strategies and stay updated on trends.
• Lead risk assessments to identify vulnerabilities and mitigate fraud risks.
• Coordinate with law enforcement and legal counsel as needed for investigations.
• Formulate and enforce fraud prevention policies, and train employees.
• Manage vendor partnerships for technical reports and ensure regulatory alignment.
• Prepare regular fraud incident reports for senior management.

Job description

Team Leadership: Supervise, mentor, and train a team of

fraud analysts and investigators. Set clear goals and

objectives for the team and monitor their performance.

Foster a collaborative and supportive work environment to

Fraud Prevention Strategy: Develop, execute and

implement comprehensive fraud prevention strategies and

initiatives. Stay updated on emerging fraud trends,

technologies, and methodologies to adapt strategies

accordingly. Assess adoption of Best Practices used in the

Industry through Peer Networking. Conduct regular

assessments of existing fraud prevention measures and

make recommendations for improvement.

Detection and Investigation: Oversee the investigation of

suspected fraudulent activities, including reviewing

transactional data, conducting interviews, and gathering

evidence. Analyze patterns and trends in fraudulent

activities to identify potential risks and vulnerabilities.

Highlight Lapses and suggest mitigates to prevent them in

future. Coordinate with law enforcement agencies and

legal counsel as necessary during investigations to help in

conclusive closure of Identified Fraud cases and assist in

Recovery.

Risk Assessment and Mitigation: Conduct risk assessments

to identify potential areas of vulnerability to fraud.

Implement controls and measures to mitigate fraud risks,

including enhancing authentication processes and

monitoring systems. Collaborate with internal audit and

compliance teams to ensure alignment with regulatory

requirements and industry best practices.

Policy and Procedure Development: Formulate fraud

prevention policies, procedures, and protocols.

Communicate and enforce fraud prevention policies across

the organization. Provide training and awareness programs

to educate employees on fraud risks and prevention

strategies. Drive a culture of Zero Tolerance across the

Organization through strict enforcement of Fraud

Prevention Policy and Processes.

Reporting and Documentation: Prepare regular reports on

fraud incidents, investigations, and outcomes for senior

management and relevant stakeholders. Maintain accurate

records of fraud incidents, investigations, and resolutions in

accordance with regulatory requirements and company

Some high level things you would own but not limited to:

Formulation of Technical Policy for secured LAP.

Evaluate property technical reports for LAP (Loan Against Property). Ensure compliance with valuation standards and internal policies. Assess the Property quality, marketability, and liquidity, Construction status, age, and structural risks.

Technical Report TAT adherence as agreed and defined in SOP.

Identify technical risks in property documents and verify site feasibility and marketability of collateral.

Manage and onboard external vendor technical agencies (valuation firms/technical officers) to ensure timely and quality reports.

Ensure all technical documentation aligns with regulatory standards.

Conduct spot checks on high-value properties and audit vendor reports to prevent fraud or overvaluation.

Coordinate with Sales/Product/Credit/Technology and Operations to fine tune the process.

Policy related training and frontline support for resolution of their queries.