Summary
Overview
Work History
Education
Skills
Timeline
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NIRAV TANNA

NIRAV TANNA

Summary

Accomplished banking professional with 19 years of experience, including over 9 years specializing in fraud detection and prevention. Adept at developing and implementing robust strategies to identify and mitigate financial risks, enhance security measures, and ensure compliance. Proven track record in leading and managing teams, driving successful investigations, and fostering a collaborative environment to address complex fraud scenarios. Demonstrated expertise in analyzing fraud trends, advising on best practices, and optimizing financial integrity.

Overview

19
19
years of professional experience
4
4
years of post-secondary education

Work History

Assistant Vice President - RICU

YES Bank
09.2023 - Current
  • Spearheaded comprehensive investigations within the Retail Banking sector, adeptly defining issues, designing investigative frameworks, and executing thorough field investigations.
  • Conduct detailed interviews with complainants, accused individuals, and witnesses; produced comprehensive reports; formulated strategic conclusions; and recommended corrective actions in alignment with breach management protocols.
  • Engineered and maintained an advanced fraud detection system, focusing on robust identification, continuous monitoring, and in-depth investigations to effectively mitigate fraud losses.
  • Provided strategic Fraud Risk Management guidance and best practices across departments, significantly enhancing banking safety and reducing financial fraud through advanced identification and prevention techniques.
  • Systematically collected, analyzed, and interpreted documentation and evidence, uncovering financial malpractices and discrepancies with precision.
  • Offer expert recommendations to businesses on advanced techniques for minimizing fraud risk.
  • Developed and implemented Standard Operating Procedures (SOPs) for unit operations, driving process efficiency and consistency.

Assistant Vice President - Special Surveillance & Investigation Unit

Indusind Bank
1 2022 - 09.2023
  • Reviewed, analyzed, and reported fraud cases nationwide to the RBI for all banking products.
  • Analyzed and aggregated case data to identify fraud trends and opportunities for proactive mitigation.
  • Investigated staff fraud and complaints, including conducting interviews with complainants, witnesses, and subject employees; analyzing data from internal systems; adjudicating cases; and recommending remedial actions. Produced comprehensive investigation documentation.
  • Generated and maintained MIS reports for the Fraud Management Committee and Board of the Bank to support decision-making and action.

Manager/Senior Manager

ICICI Bank
08.2016 - 12.2021
  • Led investigations in Retail and Digital Banking, handling issue definition, framework creation, field investigations, authority liaison, and interviews. Prepared reports and recommended corrective actions per breach management protocols.
  • Developed and managed a fraud detection system, focusing on identification, monitoring, and investigation to reduce losses.
  • Provided Fraud Risk Management support and best practices to enhance banking safety and prevent financial fraud.
  • Interviewed suspects to determine their involvement in financial fraud.
  • Analyzed documents and evidence to uncover financial malpractices.
  • Advised businesses on fraud risk reduction and facilitated recovery of lost resources.
  • Designed fraud prevention processes, maintained investigation records, and developed Standard Operating Procedures (SOPs).
  • Collaborated with whistleblowers for thorough investigations, data analysis, and process improvement.

Assistant Manager - Wholesale Banking Operations

HDFC Bank
12.2007 - 08.2016

Jr. Processing Officer

Citigroup
09.2006 - 12.2007

Associate

HDFC Limited
05.2005 - 01.2006

Education

B.Com. -

Mumbai University
04.2001 - 04.2005

MBA in Finance -

Mumbai University

Skills

Strategic Planning

Fraud Investigation

Whistle-Blower Investigations

Anti-Bribery and Corruption Investigation

Suspect/Target Interviews

Discrete Enquiries

Anti-Money Laundering

Know Your Customer

Wholesale Banking Processes

Risk Mitigation & Management

Policy compliance

RBI Reporting

Timeline

Assistant Vice President - RICU

YES Bank
09.2023 - Current

Manager/Senior Manager

ICICI Bank
08.2016 - 12.2021

Assistant Manager - Wholesale Banking Operations

HDFC Bank
12.2007 - 08.2016

Jr. Processing Officer

Citigroup
09.2006 - 12.2007

Associate

HDFC Limited
05.2005 - 01.2006

B.Com. -

Mumbai University
04.2001 - 04.2005

Assistant Vice President - Special Surveillance & Investigation Unit

Indusind Bank
1 2022 - 09.2023

MBA in Finance -

Mumbai University

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