Posted by Tata Consultancy Services TCS is an Indian multinational information technology services and consulting company, headquartered in Mumbai, Maharashtra, India. As of February 2021 TCS is largest company in the IT sector in the world by Market capitalization of $169.2 billion.
Consultant – Trade finance
Job Description:
Receive and ensure that trade fraud events & cases are correctly prioritized and investigated within agreed timescales
Determine what preliminary information and documentary evidence is needed to support the case and ensure that all requests to the countries for such information are monitored for response within agreed service level agreement.
Ability to articulate risk findings to various stakeholders and provide guidance to the front line to manage emerging risk from the event been investigated.
Undertake preliminary communications with relationship managers, lines of business and other internal business units to support the case investigation
Identify trade fraud and anti-money laundering patterns based on the investigations performed to provide improvement in scenarios that help detect early frauds
Manage the risk from events by escalating and prioritizing events and oversee the end to end process including lessons learnt
Monitor rule and scenario quality along with data quality emerging from the trade fraud detection platform.
Establish effective relationships with the Global Banking, Commercial Banking, Operational Risk, GSAM and other Risk functions.
Assist the Trade Operations with recommendations for process improvement, control weaknesses as well as trends identified in investigations, those that have facilitated trade and lending fraud crime.
Maximize loss recovery and minimize risk exposure by taking prompt action where required.
Prepare and submit clear, concise, factual, unbiased, thorough and timely reports.
Assist the Trade Fraud Risk Management in coordinating the activities inside the area and establish communication links and action plans with the different country FCC teams.
Assist the Trade Fraud Risk Management in implementing changes in processes based on best practices, to create processes that enable optimal balance.
Exp : 1 – 10 years of experience