Fraud Risk Management for Middle and Senior Management

Target Audience

Middle and Senior Management of commercials banks, NBFCs, corporates, etc. handling financial frauds with minimum five years of experience in the bank fraud risk management department. Officers designing Fraud Detection, Fraud solution design, Fraud Alert Investigation, Fraud Analytics, Fraud Modelling, Fraud Processes, Collection Processes, Credit Documentation are ideal for this course.

Training Objective

Focus of the program is how to prevent and detect financial frauds. It also includes how to design fraud prevention and detection systems, models and processes and equip participants with efficacy of internal process, implementing Early Warning System for frauds in both retail and corporate banking. Aim of the program is not fraud investigation or reporting fraud to law enforcement agencies.

Course Methodology

It will include power point presentations, use of white board / PC / Laptops, case studies, question & answers. There will be 4 sessions of 1.25 hours each day excluding lunch / tea breaks. An evaluation test will be conducted at the end of the training session.

Draft Training outline

Topic

  1. Verification of Customer Identity – Public and Private Data Sources
  2. Verification of Assets Identity – Public and Private Data Sources – types of assets, documents and data sources

  1. Real Time Monitoring
  2. End to End Monitoring
  3. Omni Channel Monitoring
  4. Scenarios
  5. Machine Learning Model

  1. Employee Suspicious Activity
  2. Monitoring conflict of interest
  3. Scenarios

  1. Federating Fraud Risk, Authentication and High-Risk Transaction and Activity detection system
  2. Discussion and root cause analysis of major frauds in Indian banking sector
  3. Evaluation Test

    These sessions will be part of the program but the day will be decided based on availability of external faculties. The sessions are –

  1. Chief of Bank’s Fraud Risk Management Cell – Bank’s organization, systems, process and experience sharing with best practices and case studies
  2.  Senior Officials from Investigative agency like Police, CBI, ED, CVC – methodology, process, tools for investigation along with case studies
  3.  Legal expert – regulatory and legal provisions of critical acts like CPC and IT Act
  4. Technology expert – latest in technology and tools for fraud risk management
  5.  Senior official from FIU – fraud experience in the country and focus areas