Fraud & Vigilance (Risk Management & Compliance)

Hiring for: HDFC Sales

Role: Fraud & Vigilance (Risk Management & Compliance)

Positions: 1

Experience: 5 to 8 years

Location(s): Churchgate, Mumbai

Type: On-site / Permanent

Salary: Up to INR 10 LPA

Role/Functional Area: Fraud & Vigilance (Risk Management & Compliance)

Location: Head Office, Mumbai

Reporting: Head – Internal Audit

Experience: 5-8 Years

Job Summary

To support the Fraud & Vigilance function in fraud prevention, detection, investigation support, and vigilance activities through inspections, documentation, and coordination with internal stakeholders, while ensuring adherence to internal policies and regulatory guidelines.

Roles & Responsibilities

Fraud Prevention & Monitoring

• Assist in Fraud Risk Assessments (FRAs) across retail assets, liabilities, and other banking products
• Review of existing processes and SOPs to identify fraud vulnerabilities and control gaps
• Track fraud trends and modus operandi and escalate observations to seniors
• Support implementation of preventive controls to reduce fraud and policy violations
• Provide support in building Fraud prevention training programs in the organization

Inspections & Vigilance Activities

• Support regular inspections and checks of business units and branches
• Identify instances of improper practices, procedural deviations, or potential leakages
• Assist in CCTV monitoring and vigilance reviews, as applicable
• Support periodic SOP compliance checks

Investigation Support

• Assist the team in fraud and vigilance investigations by collecting data, documents, and evidence
• Ensure confidentiality while handling sensitive and security‑related information
• Maintain investigation records and assist in drafting narrative reports with supporting evidence

Data Analysis & Reporting

• Perform basic data analysis to identify unusual patterns, exceptions, or red flags
• Maintain fraud repositories, trackers, and MIS dashboards.
• Preparation of summary report for management decision
• Track action items and ensure closure of observations within defined TATs

Coordination & Stakeholder Support

• Support compliance with RBI / regulatory guidelines relevant to fraud risk and vigilance
• Coordinate with internal teams for information and closure of observations
• Assist in follow‑up of corrective and preventive actions

Compliance & Regulatory Awareness

• Assist in ensuring activities align with internal policies and regulatory guidelines
• Stay updated on basic RBI and regulatory norms relevant to fraud prevention and vigilance
• Escalate any identified non‑compliance or concerns to senior team members

Key Skills & Competencies

• Basic understanding of fraud risk, vigilance, and internal controls
• Ability to analyze data and identify exceptions or irregular patterns
• Documentation and report‑writing skills
• Proficiency in MS Excel, Word, and PowerPoint
• Strong ethical orientation and integrity
• Good written and verbal communication skills
• Ability to work with cross‑functional teams

Preferred Candidate Profile

• Qualification: Graduate / Postgraduate in Finance, Commerce, Accounting, Risk, Law or related field.
• Experience: 5-8 years of experience in Fraud Risk, Vigilance, Internal Audit, Risk, or Compliance preferably in BFSI sector
• Certifications (Good to Have): CFE (Certified Fraud Examiner) or risk / audit / compliance certification will be an added advantage