Supervisor - Central Due Diligence

IDFC FIRST Bank; Thane; On-site; INR 1,000,000 - 1,400,000; Full time

Job summary

IDFC FIRST Bank is seeking a Supervisor-Central Due Diligence in the Risk department to oversee a team responsible for central due diligence activities, ensuring accuracy, compliance, and timely investigations.

You will guide analysts, allocate workloads, develop dashboards, analyze trends, and collaborate with system administrators to tune alert tools. A background in fraud risk/AML with 5–10 years of experience is preferred.

Qualifications

• 5–10 years of fraud risk/AML/account monitoring experience.
• Graduation and post-graduation qualifications as listed.

Responsibilities

• Oversee day-to-day activities of the central due diligence team.
• Allocate and prioritize alerts and cases among staff.
• Develop dashboards and periodic reports highlighting findings.
• Calibrate alert monitoring tools with thresholds and rules.
• Provide coaching and mentoring to analysts on regulations and best practices.
• Ensure compliance with applicable policies and regulatory guidelines.

Skills

Analytical skills

Investigative skills

Transaction data

Written and verbal communication

Fraud patterns

Attention to detail

Team leadership

Stakeholder management

Education

B.Com/BSc/BA/BBI/BMS

MBA/MCom/MA

Job description

Department/Function: Risk

Job Purpose

The Supervisor-Central Due Diligence is responsible for overseeing the day-to-day activities of a team to ensure an efficient operation, high performance, and adherence to company policies. The role included managing workflows, providing guidance and support to team members, and ensuring that team objectives align with organizational goals.

• Collaborate with teams to enhance the accuracy and effectiveness of central enhance due diligence team.
• Conduct trend analysis to identify systemic issues, emerging risks, or gaps in controls.
• Allocate and prioritize alerts and cases among team members to manage workload effectively.
• Develop dashboard and periodic reports to highlight key findings and patterns.
• Collaborate with system administrators to calibrate alert monitoring tools by adjusting threshold and rules.
• Recommend enhancements to workflow and systems to improve detection accuracy and reduce false positive.
• Provide coaching and training to team members to improve their analytical skills.
• Act as mentor to analysts, helping them understand regulations and investigation best practices.
• Share insights on new trends, fraud schemes or financial crime typologies with the team.
• Ensure the team operate in adherence with compliance polices and regulatory guidelines.
• Address and resolve team- related issues promptly and effectively and make informed decisions on operational matters, escalating complex issues to management when necessary.
• Manage day-to-day operations of the analysts ensuring quality of analyst investigations
• Strong analytical and investigative skills.
• Ability to interpret complex transaction data and customer behaviour.
• Excellent written and verbal communication skills.
• Proficiency in identifying financial crime patterns and typologies.
• Collaborative mindset with the ability to work across departments.
• Attention to detail and a proactive approach to risk detection.
• Ability to lead and supervise teams.
• Collaborative mindset and ability to work with internal stakeholders.

Educational Qualifications:

Graduation: Bachelor of Commerce (B.com) / Bachelor of Science (B.Sc) / Bachelor of Arts (BA) / Bachelor of Business & Insurance (BBI) / Bachelor of Management Studies (BMS)

Post-Graduation: Master of Business Administration (MBA) / Master of Commerce (M.com) / Master of Arts (MA)

Experience

5-10 years of relevant experience in fraud risk/ AML/ Account Monitoring.