Bajaj Finserv Recruitment Drive | Hiring Assistant Manager – Risk Containment

Bajaj Finserv Recruitment Drive :-

Bajaj Finserv is hiring candidates for the role of Assistant Manager – Risk Containment for the Vijayawada, Andhra Pradesh, India locations. The complete details about Bajaj Finserv Recruitment Drive are as follows.

Company Name:- Bajaj Finserv (Bajaj Finance ltd)

Job Position:- Assistant Manager – Risk Containment

Job Location:- Vijayawada, Andhra Pradesh, India

Salary Package:- As per Company Standards

Job Id:- JR00155109

Posted On:- 31st August 2024

Required Qualification & Skills:-

• Minimum Qualification: Graduation (BE/ BTech/ MCA, MBA (IT/ Operations) preferred)
• Work Experience: Should at least have 1-2 years of experience in similar industry.
• Must have good knowledge of excel / tools like Power BI / SQL.
• Good knowledge of Finance business.

(Minimum acceptable proficiency for this job which best indicates the education and/or experience requirements of this job and not the incumbent)

Job Purpose:- To do daily fraud monitoring / tracking and provide help to reporting manager in set up various processes with an objective of zero fraud exposure.

Duties and Responsibilities:-

PRINCIPAL ACCOUNTABILITIES: (Accountabilities associated with the job)

• Analytics for monitoring suspect transactions.
• Reporting the findings within timelines to the senior management.
• Investigation & Root Cause Analysis of fraud/dispute cases
• Analysis of Direct Fraud Trends & Investigation/Action to be taken for limiting the risks.
• Minimizing fraud losses to ensure robust portfolio health by owning central RCU shop end to end.
• Fraud loss metrics to be as per targets decided by management.
• Owner of the field fraud management processes, through a central lead team, in co-ordination with field team. This includes closure of cases within defined TAT and with quality of field investigation reports
• Review and tracking of location visits by location RCU Managers.
• Support Field team with relevant triggers received from central monitoring, for them to investigate. Track investigation cases for closure.
• To cause continuous improvement in RCU processes by working with centralized back end team to increase fraud catch rate.
• Ensure proper handholding on all Automation process & RCU projects. Continuously improvement on TAT.
• Ensure error free dashboards are circulated within defined period
  Propose changes & suggestions in credit policy-location wise (whenever required)
• Drive all internal process in a manner that the reporting of suspected frauds is timely, and fraud is caught before disbursal of loan to minimize fraud loss.

MAJOR CHALLENGES (Challenges faced on an on-going basis in carrying out the job)

• Understand complete various processes and prepare data reports / Dashboard
• Daily/weekly/monthly fraud monitoring reports to prepared to minimize fraud.
• Coordination within RCU Field team (Rural + Urban) to ensure the field investigation is done in defined time.

DECISIONS (Key decisions taken by job holder at his/her end)

• Propose new strategy for field and HO team to prevent malpractice.
• Propose changes in system and daily reporting in favor of RCU unit.
• Introduce new technology or new ways to control fraud.

INTERACTIONS (Key working relationships a job holder needs to have INSIDE and OUTSIDE the company to accomplish the job)

Internal Clients: Roles you need to interact with inside the organization to enable success in your day to day work 

• Risk Team: To understand and align on policy changes and ascertain impact
• Customer Service, Product and Sales Teams: To understand market challenges and recent fraud trend or complaints related to fraud.
• Business: To align on the RCU controls that directly impacts the business processes, including Cost, TAT or Customer Experience

External Clients:

• Roles you need to interact with outside the organization to enable success in your day to day work 
• Vendors & Channel Partners: – Need to connect specially with Business channel partners on fraud awareness / Providing training / for investigation point of view.

Bajaj Finserv Recruitment Drive Application Process:-

Apply In Below Link

Apply Link:- Click Here To Apply (Apply before the link expires)

Note:– Only shortlisted candidates will receive the call letter for further rounds

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