Senior Manager – Fraud Investigation

Muthoot Fincorp Ltd.; Thiruvananthapuram; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

Muthoot Fincorp Ltd. is seeking a seasoned fraud investigation professional to lead end-to-end cases within the IVRC function, from intake through closure, coordinating on-ground investigations across the branch network.

The role reports to the Head of IVRC as second in command, driving evidence-based reporting, risk containment, and regulatory compliance, while guiding junior investigators and maintaining strict standards of integrity.

Qualifications

• Bachelor's/Graduate degree; postgraduate preferred.
• CFE, CAIIB, LLB, CA or forensic accounting qualifications are a strong advantage.
• Experience in fraud investigation, vigilance, internal audit, or risk containment in NBFC/bank contexts.
• Ability to lead investigations end-to-end, incl. evidence handling and report drafting.
• Knowledge of RBI Fraud Risk Management Directions, KYC/AML, and branch controls is desirable.

Responsibilities

• Own end-to-end management of fraud and irregularity cases from intake to closure.
• Coordinate on-site investigations across the branch network.
• Draft evidence-backed investigation reports with loss quantification and root cause analysis.
• Maintain case tracker, MIS, and dashboards for senior management.
• Support regulatory reporting and liaison with Legal, DA Team, and FRMC.

Skills

Analytical reasoning

Written communication

Integrity and discretion

Multi-tasking under pressure

Influence without authority

Hindi language proficiency

Travel willingness

Education

Graduate degree

Postgraduate degree preferred

Certified Fraud Examiner (CFE)

CAIIB

LLB

CA

forensic accounting qualification

Tools

MS Excel

PowerPoint

Case management software

MIS tools

Job description

MFL exists to Transform the Life of the Common Man by Improving Their Financial Wellbeing. That purpose rests on the trust of over 30,000 Muthootians and millions of customers across 3,845+ branches. The IVRC function protects that trust by detecting, investigating and containing fraud and serious irregularities, and by ensuring that findings translate into timely, fair and proportionate action.

About the Role

This role is created to strengthen the investigative capacity of the function. The incumbent will own the end to end management of fraud and irregularity cases from intake to closure, coordinate ground level investigation across the branch network, and serve as the designated second in command to the Head of IVRC. The role frees the Head to lead high impact, complex investigations on site while ensuring that the day-to-day case pipeline is delivered within TAT and to a consistent standard of quality.

Responsibilities

Case Investigation and Management

• Take ownership of assigned fraud and serious irregularity cases: frame the scope of inquiry, define the investigation methodology and lead the inquiry to conclusion.
• Gather, verify and preserve documentary evidence, records, system logs, CCTV, gold packet and pledge records, customer statements and staff statements in a manner that withstands scrutiny by the FRMC, the DA Team, auditors, the RBI and, where required, law enforcement.
• Conduct interviews of staff, customers and third parties with fairness, discipline and respect for principles of natural justice.
• Travel to branches and locations as required to conduct on site inquiry.
• Draft clear, structured, evidence backed investigation reports with findings, quantification of loss, root cause analysis, accountability mapping and recommended action.

Coordination and Information Flow

• Act as the central point of coordination between the Head of IVRC, Regional and Zonal Team Leads and Investigation Officers on the ground.
• Collect, consolidate and disseminate case information, status updates and evidence required for appraisal to the FRMC and Senior Management.
• Maintain the case tracker and MIS: case intake, allocation, status, ageing, TAT compliance, loss and recovery, and closure.

Reporting, Review and Approvals

• Ensure 100% on time submission of investigation reports within prescribed TAT to Senior Management, the FRMC and the DA Team.
• Route draft reports through the FRMC review process, incorporate observations and secure approvals.
• Prepare periodic dashboards and case summaries for the Head of IVRC, the FRMC, the Risk Management Committee and the Board Audit Committee as required.
• Support regulatory reporting obligations under the RBI Fraud Risk Management Directions, including timely inputs for FMR filings and inspection queries (including the ongoing ISE).

Operational Workflow and Escalations

• Manage day to day fraud operational workflows: intake of alerts and complaints from the Early Warning System, branches, audit, HR and customers; triage; allocation; and follow through.
• Handle investigation escalations and provide first line guidance to Investigation Officers on methodology, evidence standards and documentation.
• Liaise with the DA Team on staff side action, with Legal on FIR, police complaint and recovery matters, and with Insurance on fidelity and other claims.

Second in Command

• Deputies for the Head of IVRC in his absence, including representing the function before the FRMC and Senior Management.
• Contribute to strengthening the investigation methodology, report templates, SOPs and the fraud risk containment framework.
• Identify systemic control gaps emerging from cases and recommend preventive measures to Operations, Audit, IT and Risk.

Qualifications

• Graduate in any discipline; postgraduate degree preferred.
• Certified Fraud Examiner (CFE), CAIIB, LLB, CA or forensic accounting qualification is a strong advantage.
• Experience Manager: 6 to 9 years; Senior Manager: 9 to 14 years of relevant experience.
• Background in fraud investigation, vigilance, internal audit, forensic services or risk containment within an NBFC, bank, gold loan company or a Big Four or specialist forensic practice.
• Demonstrated experience in leading investigations end to end, including evidence handling, staff interviews and report drafting.
• Working knowledge of RBI Fraud Risk Management Directions, KYC/AML requirements, gold loan operations and branch level controls is highly desirable.
• Familiarity with the disciplinary process, principles of natural justice and the Standing Orders framework.

Required Skills

• Analytical rigour and attention to detail; ability to construct a clear chain of evidence.
• Strong written communication: reports must be precise, structured and defensible.
• Integrity, discretion and the ability to handle confidential and sensitive matters.
• Composure under pressure and the ability to manage multiple concurrent cases.
• Influence without authority: effective coordination with Team Leads, Investigation Officers and functional heads across the network.
• Willingness to travel extensively, at short notice, including to remote locations.
• Proficiency in MS Excel, PowerPoint and case management or MIS tools.
• Working knowledge of Hindi and at least one South Indian language is preferred, given the branch footprint.

Preferred Skills

• Experience in fraud investigation and risk management.
• Familiarity with regulatory compliance and reporting.