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RCU FRM Team Member-Ho & Support-Internal Control

  • Job
    Full-time
    Junior Level
  • Customer Relations
    Banking & Finance
  • Mumbai

AI generated summary

  • You need 1 year of relevant experience, a graduate degree, strong communication and analytical skills, proficiency in Excel, and the ability to work shifts for real-time monitoring.
  • You will monitor transactions for fraud, conduct real-time confirmations, manage alerts, prepare MIS reports, coordinate with other departments, and respond to branch communications.

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 are the primary responsibilities of the RCU FRM Team Member position?

The primary responsibilities include detecting and preventing fraud on Mobile banking/Net Banking and UPI transactions, monitoring transactions in real-time, calling cardholders to confirm transactions, preparing various Management Information System (MIS) reports, and acting on emails sent by branches.

What qualifications are required for this role?

A minimum of 1 year of experience in a similar role and a graduate degree with good academic performance are required.

What skills are essential for the RCU FRM Team Member position?

Essential skills include good communication and interaction skills, logical and analytical abilities, and knowledge of MS-Office, particularly Excel.

Will I need to work shifts in this role?

Yes, the position requires working in shifts for real-time transaction monitoring.

How is the performance tracked in this role?

Performance is tracked through the preparation of various MIS reports, including daily, weekly, and monthly updates on team activities and transaction monitoring.

What does 'real-time out calling' involve?

Real-time out calling involves contacting cardholders on alerted transactions to confirm their legitimacy and potentially blocking cards if fraud is suspected.

What does 'hot-listing' mean in the context of this job?

Hot-listing refers to the immediate deactivation of a debit card suspected of fraud and raising a request for its replacement.

How is teamwork and coordination emphasized in this role?

The RCU FRM Team Member will need to coordinate with various other departments to ensure effective fraud prevention and response measures are implemented.

What are the reporting requirements for this position?

The team member will be responsible for preparing and updating various MIS reports, which includes maintaining a daily tracker and collating monthly activity reports.

What is the expected response time for actioning emails from branches?

Email actioning must be completed within a specified turnaround time (TAT) to ensure timely responses to branch communications.

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.