Job Description
FCI:DTM - Team Lead
INTERNAL USAGE:
No. of Vacancies:
Reports to:
VP & Group Head (Transaction Monitoring)
Is a Team leader?
Y/N
Team Size:
Grade:
SM / AVP
Business:
Digital Transactions Monitoring
Department:
DTM
Sub Department:
Location:
Airoli
About DTM
The Digital Transaction Monitoring department monitors all the transaction undertaken through the bank’s system and through peer banks. The team monitors customer transactions on a daily basis or in real-time for risk. The transactions monitored can include cash deposits and withdrawals, wire transfers, and ACH activity. The department aims to identify and protect the institution from any transactions that may lead to money laundering and terrorist financing and result in the institution filing relevant Suspicious Activity Reports (SARs).
About the Role
The DTM Team Lead aims to mitigate the fraud risk of the customers onboarded through validation of documents, investigation and KYC checks using the best in class technology platforms like Hunter, Uniphore, Fraud Guard etc. The Analyst is also responsible for analysing observed fraud trends and developing robust fraud control measures
Key Responsibilities
Manage the detection team to perform monitoring and detecting fraud transaction at the earliest stage, and minimizing fraud losses.
Develop and implement strategies for automation and digitisation of FCM processes
Provide recommendations for modification of existing fraud s & process development based on industry trend, fraud trends, customer’s complaints, dispute trends, feedback & analysis of the same.
Ensure real time card transaction’s s are closed logically
Monitor and highlight issues while keeping risk in control.
Coordinate with phone banking centre and assist them for real time resolution of cases
Coordinate with the operations team for posting temporary limit, dispute resolution, and coordination with the customer through team members for providing necessary documents required for fraud dispute resolution process.
Manage projects in coordination with IT department and carry out the UAT and production testing
Responsible for achieving the target of AFPR, FSR and Detection rate and review capacity Planning.
Assist Internal and External Audit on walk through / processes on transaction monitoring.
Provide feedback and inputs to Team /Analytics based on observed fraud trend and intelligence received from market/field to strengthen and improve fraud prevention and detection.
Coordinate with Visa and MasterCard (network) and review quarter performance.
Attend monthly/quarterly NPCI and network fraud management workshops, meetings on UPI and digital products.
Provide inputs/feedbacks on launch of new products on CMC/PMC note raised in OAS.
Conduct monthly presentations to the senior management on fraud trends and performance.
Ensure professional behavior of the unit & create a good environment to increase the morale of the team members.
Qualifications
Optimal qualification for success on the job is:
Graduate/ MBA preferred
Additional Certificate course related to Banking sector
Role Proficiencies:
For successful execution of the job, the candidate should possess the following:
Knowledge of banking products and services
Knowledge of regulatory guidelines and norms
Good communication (both verbal and written) skill in both English and the local language
Ability to manage complex client situations
Ability to manage risk and uncertainty for self and team within a dynamic priority-setting environment
Ability to handle pressure and meet deadlines
INTERNAL USAGE:
No. of Vacancies:
Reports to:
VP & Group Head (Transaction Monitoring)
Is a Team leader?
Y/N
Team Size:
Grade:
SM / AVP
Business:
Digital Transactions Monitoring
Department:
DTM
Sub Department:
Location:
Airoli
About DTM
The Digital Transaction Monitoring department monitors all the transaction undertaken through the bank’s system and through peer banks. The team monitors customer transactions on a daily basis or in real-time for risk. The transactions monitored can include cash deposits and withdrawals, wire transfers, and ACH activity. The department aims to identify and protect the institution from any transactions that may lead to money laundering and terrorist financing and result in the institution filing relevant Suspicious Activity Reports (SARs).
About the Role
The DTM Team Lead aims to mitigate the fraud risk of the customers onboarded through validation of documents, investigation and KYC checks using the best in class technology platforms like Hunter, Uniphore, Fraud Guard etc. The Analyst is also responsible for analysing observed fraud trends and developing robust fraud control measures
Key Responsibilities
Manage the detection team to perform monitoring and detecting fraud transaction at the earliest stage, and minimizing fraud losses.
Develop and implement strategies for automation and digitisation of FCM processes
Provide recommendations for modification of existing fraud s & process development based on industry trend, fraud trends, customer’s complaints, dispute trends, feedback & analysis of the same.
Ensure real time card transaction’s s are closed logically
Monitor and highlight issues while keeping risk in control.
Coordinate with phone banking centre and assist them for real time resolution of cases
Coordinate with the operations team for posting temporary limit, dispute resolution, and coordination with the customer through team members for providing necessary documents required for fraud dispute resolution process.
Manage projects in coordination with IT department and carry out the UAT and production testing
Responsible for achieving the target of AFPR, FSR and Detection rate and review capacity Planning.
Assist Internal and External Audit on walk through / processes on transaction monitoring.
Provide feedback and inputs to Team /Analytics based on observed fraud trend and intelligence received from market/field to strengthen and improve fraud prevention and detection.
Coordinate with Visa and MasterCard (network) and review quarter performance.
Attend monthly/quarterly NPCI and network fraud management workshops, meetings on UPI and digital products.
Provide inputs/feedbacks on launch of new products on CMC/PMC note raised in OAS.
Conduct monthly presentations to the senior management on fraud trends and performance.
Ensure professional behavior of the unit & create a good environment to increase the morale of the team members.
Qualifications
Optimal qualification for success on the job is:
Graduate/ MBA preferred
Additional Certificate course related to Banking sector
Role Proficiencies:
For successful execution of the job, the candidate should possess the following:
Knowledge of banking products and services
Knowledge of regulatory guidelines and norms
Good communication (both verbal and written) skill in both English and the local language
Ability to manage complex client situations
Ability to manage risk and uncertainty for self and team within a dynamic priority-setting environment
Ability to handle pressure and meet deadlines
💡 Quick Summary
Seeking a career-building opportunity? The FCI:DTM - Team Lead position is now open for candidates interested in the Bank Jobs sector. This role in Mumbai offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.