Job Description
PURPOSE OF THE JOB
· Lead the Banking Fraud Data Analyst Team in Internal Audit Department, which specialises in systematically identifying the various fraud risk areas/fraud risk scenarios under each Internal Audit Domain (for e.g. Credit Audit, Retail Asset Audit, Retail Liability Audit, Trade Audit, Treasury Audit etc.), and develop necessary data models to identify data anomalies and potential frauds using statistical techniques and AI-ML models/analytics, with the objective of early detection/prevention of frauds, from the 3rd line of defence perspective.
KEY RESPONSIBILITIES
· Interact with the various Regional Heads of Internal Audit, and systematically identify the various fraud risk areas under each Audit Domain for automation/analytics.
· To proactively identify fraud risk areas (basis IBA, news articles and various banking frauds perpetrated across India and the globe) and ensure constant mining of the data for unknown fraud risk scenarios
· Prepare suitable Fraud Analytics Requirements Document for each Audit area
· Interact with ZH-Business Analyst within IAI&DT for obtaining the necessary data from the source systems
· Interact with ZH-Delivery Team within IAI&DT during the solution design-phase, to determine the most suitable solution basis the nature of the Fraud Analytics Requirement
· Coordinate with the Internal Delivery Team within IAI&DT for:
· Data Mart Creation
· Automation
· Analytics
· Perform validation/ testing prior to production movement
· Interact with Digital Banking Team and Digital Analytics team within the bank, and with their 3rd party Analytics/Technology Partners, to bring in their expertise wherever necessary
· Keep abreast with the latest in the field of Artificial Intelligence and Machine Learning and ensure that bank’s Audit systems and processes are evolving constantly and keeping pace with the changes in the world.
Major Stakeholders
· Regional Heads and Staff of Internal Audit Department
Other Stakeholders
· Relevant Business Departments / IT / BSG / Digital Banking / Digital Analytics / Allied units / departments
· Lead the Banking Fraud Data Analyst Team in Internal Audit Department, which specialises in systematically identifying the various fraud risk areas/fraud risk scenarios under each Internal Audit Domain (for e.g. Credit Audit, Retail Asset Audit, Retail Liability Audit, Trade Audit, Treasury Audit etc.), and develop necessary data models to identify data anomalies and potential frauds using statistical techniques and AI-ML models/analytics, with the objective of early detection/prevention of frauds, from the 3rd line of defence perspective.
KEY RESPONSIBILITIES
· Interact with the various Regional Heads of Internal Audit, and systematically identify the various fraud risk areas under each Audit Domain for automation/analytics.
· To proactively identify fraud risk areas (basis IBA, news articles and various banking frauds perpetrated across India and the globe) and ensure constant mining of the data for unknown fraud risk scenarios
· Prepare suitable Fraud Analytics Requirements Document for each Audit area
· Interact with ZH-Business Analyst within IAI&DT for obtaining the necessary data from the source systems
· Interact with ZH-Delivery Team within IAI&DT during the solution design-phase, to determine the most suitable solution basis the nature of the Fraud Analytics Requirement
· Coordinate with the Internal Delivery Team within IAI&DT for:
· Data Mart Creation
· Automation
· Analytics
· Perform validation/ testing prior to production movement
· Interact with Digital Banking Team and Digital Analytics team within the bank, and with their 3rd party Analytics/Technology Partners, to bring in their expertise wherever necessary
· Keep abreast with the latest in the field of Artificial Intelligence and Machine Learning and ensure that bank’s Audit systems and processes are evolving constantly and keeping pace with the changes in the world.
Major Stakeholders
· Regional Heads and Staff of Internal Audit Department
Other Stakeholders
· Relevant Business Departments / IT / BSG / Digital Banking / Digital Analytics / Allied units / departments
💡 Quick Summary
Seeking a career-building opportunity? The Zonal Head | Audit Innovation |Banking Fraud position is now open for candidates interested in the Bank Jobs sector. This role in Mumbai, Maharashtra 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.
