Job description
Some careers open more doors than others.
If you’re looking for a career that will unlock new opportunities, join HSBC and experience the possibilities. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.
Manage the day-to-day activities of fraud screening / sampling & ARIC and prevent / minimize the inflow of fraudulent applications.
Principal Responsibilities
- Manage the fraud screening / sampling activity of RBWM business effectively without any disruptions of regular BAU
- Discussion and updating the samplers with latest fraud trends, requirements and triggers, basis a regular analysis
- To maintain a close relationship with the outsourced agency (TPV) to procure latest fraud trends and triggers from the industry.
- To maintain good reputation with the samplers (TPV) to avoid attritions. Motivate and develop individual and team competence to achieve overall effectiveness
- To act as one point contact of all sampling related queries in regard to TAT, MIS, exceptions, approvals & other relevant information’s for all internal stake holders
- The role includes analyzing applications on “ARIC” system, which is a tool used to detect application frauds at the initial stages to ensure that the final booking of the portfolio is clean
- Analyzing applications from Fraud perspective based on certain logical rule-based matches and also on historical/fraud data, and deciding upon the credit facility to be offered
- Ensuring the fraud-monitoring queue on “ARIC” is diligently actioned as per set procedures
- Developing of fraud prevention framework and controls in sampling process by perception and implementing various fraud prevention/monitoring techniques.
- Required active participation in daily call initiated by the stake holders in relevant to projection of volumes and to provide necessary support to achieve their projected numbers without compromising the fraud checks
- Submission of a meaningful monthly MIS of both Cards & PIL to the senior management in reference to the current fraud trends and triggers prevailed during the month with necessary recommendation changes if any
- To manage the overall outsourced activity by monitoring TAT, quality of reports in relevant to business, current fraud trend and identify gaps in the process and recommend for necessary checks in place to control the risk
- Maintain and develop positive and professional working relationship with team members at all levels of businesses
- Support the senior management team in implementation, embedding and monitoring of new fraud mitigation techniques
Requirements
- Any degree with good communication and interpretation skills.
- Extensive knowledge in pre-issuance fraud of banking products, both secured & unsecured lending.
- More than 5 years of experience in banking / finance industries
Useful Link
Link to Careers Site: Click HERE
You’ll achieve more at HSBC.
HSBC is committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and opportunities to grow within an inclusive and diverse environment.
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Issued by The Hongkong and Shanghai Banking Corporation Limited, India
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