Overview
Fraud Investigation Associate (Vigilance) Jobs in Bengaluru, Karnataka, India at slice
Title: Fraud Investigation Associate (Vigilance)
Company: slice
Location: Bengaluru, Karnataka, India
About the Role
In this role you will oversee vigilance operations and ensure adherence to regulatory and internal compliance policies. This role requires expertise in fraud detection, investigation, risk assessment, and handling disciplinary matters. You will work closely with senior management, legal teams, and regulatory bodies to mitigate risks and enhance the bank’s vigilance framework.
What you will do
1. Fraud Detection & Investigation:
Conducted detailed investigations into suspected fraud, misconduct, and policy violations.
Identify and analyze red flags in financial transactions, employee behavior, and customer interactions.
Coordinate with branches and teams to collect evidence and conduct field inquiries.
Ensure timely reporting of frauds to the RBI, Law Enforcement
Agencies, and Senior Management as per regulatory timelines.
2. Regulatory & Compliance Monitoring:
Ensure adherence to RBI guidelines, internal policies, and vigilance protocols.
Conduct surprise checks, branch audits, and forensic reviews to detect policy deviations.
Monitor high-risk accounts and transactions for suspicious activities.
Ensure timely fraud reporting and disciplinary action tracking.
3. Case Management & Disciplinary Actions:
Handle cases from detection to closure, including documentation, follow-ups, and evidence preservation.
Support Disciplinary Action Committees (DAC) and ensure execution of decisions.
Liaise with HR and Legal teams for action against employees involved in misconduct.
Track and follow up on cases for provisioning, recovery actions,
and further investigations.
4.Process Improvement & Risk Mitigation:
Identify gaps in internal controls and recommend risk mitigation measures.
Implement vigilance SOPs, fraud detection mechanisms, and reporting frameworks.
Enhance surveillance and monitoring tools to detect fraud at an early stage.
5. Training & Awareness Programs:
Conduct vigilance awareness programs for employees to promote ethical banking practices.
Train branch staff on fraud prevention, reporting procedures, and compliance expectations.
Collaborate with HR to embed an anti-fraud culture within the organization.
What you will need
2+ years in vigilance, fraud risk management, compliance, or internal audit, preferably in a bank/NBFC.
Strong knowledge of banking regulations, fraud risk frameworks.
Hands-on experience in fraud investigations, case management, and regulatory reporting.
Ability to handle sensitive cases, legal proceedings, and disciplinary actions.
Excellent report writing, risk assessment, and stakeholder management skills
