AJITH DALTSIN ROY S
Fraud Control Unit
Chennai
Summary
Dedicated Fraud Risk Management professional with 8 years of experience in in Fraud Risk Management seeks to identify the pre and post investigation of Red Flag accounts, money laundering, financial crime risk and maintain our systems and controls in the corporate/financial services/investment bank industry.
Overview
8
8
years of professional experience
2
2
Languages
Work History
Manager L2 - Fraud Risk Management
Unity Small Finance Bank Limited
05.2024 - Current
- Investigation of post disbursement cases highlighted in Early Working Sign accounts, Red Flag accounts and Quick Mortality cases.
- Deep drive investigation on cases and identifying red flag accounts. Further conducting sources of actions like Issuing ShowCause Notice, Classifying Fraud cases to Fraud Risk Management Committee, Issuing Reason Order and FMR reporting.
- Regularly conducting Internal Staff Check to identify and highlight on the Kickbacks.
- Providing recommending cost saving analysis.
- Post-disbursement sample checking through borrower visits
- Monitor portfolio performance on a quarterly basis or as and when directed by the Board or Committee or Regulator and identify associated credit risks.
- Sampling activity on pre-disbursement sample cases based on the triggers. Further on follow-up with correct and accurate verification of cases reported within the stipulated TAT.
Manager - Risk Containment Unit
IDFC First Bank Limited
04.2022 - 05.2024
- Managing entire RCU activities for the assigned area.
- Pre-disbursement sample verification for checking authenticity of documents
- Post-disbursement sample checking through borrower visits
- Regularly monitoring RCU agencies
- Ensuring that the risk of various processes being outsourced to DSAs CPAs is mitigated
- Maintaining and sharing of MIS at approved intervals
- Ensure audit of assigned business for verifying process compliance
- Manage projects in core risk infrastructure, tools, systems and data
- Ongoing research and keeping abreast with the latest fraud trends and providing updates to various departments within the Bank.
Deputy Manager - Risk Containment Unit
IDFC First Bank Limited
04.2020 - 03.2022
- Analytical problem-solver, able to anticipate issues and create new systems that streamline operations, resolve concerns, reduce risk and improve efficiency.
- Co-coordinating with the Products & Process Development Team in placing necessary controls to minimize Risk by providing recommendations/strategies.
- Participating in cross functional meetings with operational, compliance and business teams in providing the necessary recommendation to reduce risk.
- Specialized in Fraud Control, Financial Crime Management, Investigations, Prevention, Detection and Process Control with excellent and advanced understanding of retail banking products.
- Specialized in root cause analysis of incidents and providing product/policy recommendation to Senior Management.
- Providing training to the Employees/Stakeholders on Operational Risk, Financial Risk, Regulatory & Compliance and Fraud Prevention & Awareness.
- Maintaining a good relationship with the Legal Team and Government Officials to take legal action against the imposter.
- Providing recommendation on Cost Saving Unit.
Assistant Manager - Risk Containment Unit
IDFC First Bank Limited
04.2019 - 03.2020
- Identifying Financial, Operating risk & Fraud Risks and averting their loss and impact.
- Analyzing Recent Market on Risk & Frauds and highlighting the lapses (if any) with necessary process recommendations.
- Directly handled 3 vendors across locations and indirectly handled a team size of 30-40 team members.
- Transforming business requirements into technical and functional requirements.
- Skilled in data integration into Dynamics with hands-on experience in CRM/SFDC applications.
- Sanitizing hunter applications and providing in-depth analyzed reports on negative customer data.
- Auditing and preparing the monthly performance report for the vendor's/stakeholders.
- Preparing Monthly Newsletter, MIS for Entire South and Fraud Investigation reports for the cases referred.
Management Trainee - Risk Containment Unit
Capital First Limited
06.2018 - 03.2019
- Conducting the verification checks for Staff, Sales Executive, Referral Channel verification and Vendors Pre-Recruitment.
- Screening and Sampling of Asset products on checking of customer KYCs and other documents to contain the fraudulent documents.
- Handling the empaneled vendor on billings and payment process.
- Cross Checking on property valuation which was updated by empaneled valuators to control the quality of market value standards.
- Field verification of customer stability and their business genuinely for approval of loans.
- Maintaining a daily MIS tracker for daily activity and reporting.
- Excellent communication and interpersonal skills, flexible and versatile in new environments, self-motivated, a good team player, and have worked in a multicultural environment.
Education
Post Graduate Programme in Management -
Chennai Business School
Chennai, India 04.2001 -
Bachelor of Mechanical Engineering -
Chennai Institute of Technology
Chennai, India 04.2001 -
Skills
Team Handling
Timeline
Manager L2 - Fraud Risk Management
Unity Small Finance Bank Limited
05.2024 - Current
Manager - Risk Containment Unit
IDFC First Bank Limited
04.2022 - 05.2024
Deputy Manager - Risk Containment Unit
IDFC First Bank Limited
04.2020 - 03.2022
Assistant Manager - Risk Containment Unit
IDFC First Bank Limited
04.2019 - 03.2020
Management Trainee - Risk Containment Unit
Capital First Limited
06.2018 - 03.2019
Post Graduate Programme in Management -
Chennai Business School
04.2001 -
Bachelor of Mechanical Engineering -
Chennai Institute of Technology
04.2001 -