State RCU Manager - SULB
Muthoot FinCorp Limited · muthootfincorp.com
VijayawadaOn-siteLead / Manager4–10 yrs
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The job in short
Fraud risk and recovery management for lending business in Andhra Pradesh.
Legal
Details
- Found
- 13 d ago · posted 2024-07-24
- Location as listed
- VIJAYAWADA
- Role
- Credit / Risk / Compliance
- Source
- The company’s own careers site
Full description
Job Title – State RCU Manager
Location – Andhra Pradesh
Reports to – Head of RCU
Key Job Responsibilities
State RCU Manager for SULB Business:– LAP, Micro LAP,SBL,EDI, Suvarna Loans,Vyapar Mitra,Pharma Mitra,Nirman Mitra
• Proven ability in fraud prevention/detection, identification on weeding out bad application, investigation of causes of risk incident/fraud and measures to prevent them.
• Exposure to digital sampling / team handling / Vendor Management/ Reporting Fraud/incident reports to internal and external stakeholders
• Investigation of fraud cases – Pre-Disbursal and Post Disbursal.
• To monitor the performance of the vendors monthly and advise the management regarding the same.
• Travel across branches to make sure the branch is functioning properly.
• Identification of cash misappropriation, process lapse, cheating and forgery and other fraudulent activities executed by staff, customer and outsider.
• To create a depository on the historical audits scorecards and fraud summary and create a trend based on the risk framework and make sure that the business is running without any process or system gaps.
• Interacting with the business, internal people across department to identify if there any frauds or risk.
• To validate the risk register and provide recommendations if all the risks are covered in the risk register based on the market trends and business.
• To monitor if the controls maintained in the risk register are functioning properly.
• To provide recommendations for the investigations carried based on whistle blowers.
• Prepare fraud monitoring report for the frauds identified and investigated.
• Proven recovery measures – relevant branch/employees/hierarchy or external collections / skip tracing agencies/bureau alerts etc
• Drive recovery targets with the stakeholders
• Demonstrated ability to deploy and implement relevant fraud detection tools – be it pre-disbursement / post-disbursement/police / legal measures
• Experienced, Used and Implemented various Technology tools, including Hunter/Karza/Crime Check, AI / ML for fraud control and prevention, detection and resolutions.
• Engagement capability with markets/field teams to identify control weaknesses and work with relevant teams to fix them
• Conduct mystery shopping to validate the efficacy of process adherence/controls/gaps and address them.
• Demonstrated ability to develop and successfully run RCU function and practice.
Experience: 4-10 years experience.
Education: Any Graduate, Post Graduate, CA or MBA
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