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RCU FRM Team Member-Ho & Support-Internal Control

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  • Job
    Full-time
    Junior Level
  • Mumbai

Requirements

  • Minimum of 1 year of experience in the same role
  • Graduate with good academics
  • Good communication & interaction skills
  • Logical and analytical skills
  • Knowledge of MS-Office, preference for excel
  • Work in shifts for real time transactions monitoring

Responsibilities

  • Detection and prevention of fraud on Mobile banking/Net Banking & UPI trxns thereby reduce the financial losses.
  • Optimum use of fraud monitoring system/tools
  • Monitoring of transactions & alerts online / real time for fraud detection and prevention.
  • Out calling the cardholders on real time for confirmation of transactions & blocking the card instantly.
  • Preparation of various MIS which includes updation of daily tracker, collation of monthly MIS, Team activity MIS.
  • Act on mails send by branches.
  • Real time out calling on alerted transactions
  • Real time Hot-listing of debit card & raising replacement request
  • Various MIS preparation- Daily/Weekly/Monthly
  • Mail actioning within TAT
  • Coordination with various other department

FAQs

What is the primary responsibility of an RCU FRM Team Member?

The primary responsibility is the detection and prevention of fraud on Mobile Banking, Net Banking, and UPI transactions to minimize financial losses.

What tools will I need to use for fraud detection?

You will need to utilize fraud monitoring systems and tools optimally for real-time transaction monitoring.

What kind of experience is required for this position?

A minimum of 1 year of experience in a similar role is required.

What educational qualifications are necessary for this job?

A graduate degree with good academic performance is required.

What skills are important for this role?

Important skills include good communication and interaction skills, logical and analytical skills, and knowledge of MS-Office, especially Excel.

Will there be a need to work in shifts?

Yes, you will need to work in shifts for monitoring real-time transactions.

What is involved in the out calling process?

The out calling process involves real-time calling to cardholders for confirmation of transactions and blocking their cards instantly if necessary.

What kind of reports or MIS will I be responsible for preparing?

You will be responsible for preparing various Management Information System (MIS) reports such as daily trackers, monthly MIS, and team activity reports.

How important is coordination with other departments in this role?

Coordination with various other departments is essential for effective fraud detection and prevention.

Is there a deadline for responding to emails from branches?

Yes, there is a turnaround time (TAT) for actioning emails sent by branches.

Finance
Industry
10,001+
Employees

Mission & Purpose

Kotak Mahindra Bank is a leading Indian financial services conglomerate that offers a wide range of banking and financial products, including personal, corporate, and investment banking services. They provide solutions such as loans, savings accounts, insurance, asset management, and wealth management. Kotak Mahindra Bank’s ultimate mission is to drive growth by delivering innovative and customer-centric financial services while maintaining the highest standards of integrity and professionalism. Their purpose is to empower individuals, businesses, and institutions by offering tailored financial solutions that enhance their financial well-being and support economic progress.

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