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Senior Executive

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EXL

12d ago

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

AI generated summary

  • You need 2+ years in fraud investigation and customer service, with a bachelor's degree, strong English skills, and experience in compliance and documentation.
  • You will investigate suspicious accounts, monitor fraud claims, gather documentation, identify fraud trends, review alerts for suspicious activity, and ensure compliance with regulations on disputed transactions.

Requirements

  • Should have 2+ years’ experience in a fraud and risk related role which includes end to end Fraud investigation on bank accounts, transactions, check deposits and cards fraud.
  • Should have 2+ years’ experience of customer service for fraud and risk related Inbound/outbound calls.
  • Reviewing and verifying fraud related requests.
  • Investigate request received for confirmed fraud or suspicious activity by reviewing end to end customer accounts and requesting or inquiring for additional information as necessary through outbound calls.
  • Ensuring compliance with regulatory standards.
  • Ensuring compliance with company/client policies and guidelines.
  • Documenting and effectively communicating reasons for the approval/rejection of transactions.
  • Bachelor's degree required.
  • Exceptional English Comprehension Skills.
  • Should have 2+ years’ experience in a fraud and risk related role which includes end to end Fraud investigation on bank accounts, transactions, check deposits and cards fraud.
  • Should have 2+ years’ experience of customer service for fraud and risk related Inbound/outbound calls.

Responsibilities

  • Conducts thorough investigations on identified and suspicious accounts within the specified systems. Ability to create a case file with documentation to support the final decision.
  • Monitoring of fraud claims to ensure validity of claim, which may include contacting merchants, financial institutions and/or clarifying customer statements as necessary.
  • Gathering appropriate documentation to support final decision.
  • Identify fraud trends, make recommendations for new strategies to prevent additional losses, and assume responsibility for special projects as assigned by Management.
  • Reviews alerts/reports to detect Suspicious Activity, fully understand criteria when a Suspicious Activity Report (SAR) is required along with completing BSA form, writing narrative and gathering supporting documentation.
  • Conduct periodic internal account/customer reviews to identify potentially fraudulent activity.
  • Reviews disputed transactions to investigate fraud claims, identify charge-back opportunities and ensure compliance with Regulations in respect to the timeframes that govern disputed transactions.

FAQs

What is the main responsibility of the Senior Executive in this role?

The primary responsibility is to conduct thorough investigations into fraud-related activities across multiple banking products, advise management on strategic decisions, and ensure compliance with regulatory standards.

What qualifications are required for this position?

A Bachelor's degree is required, along with a minimum of 2+ years of experience in a fraud and risk-related role, which includes end-to-end fraud investigation on bank accounts, transactions, check deposits, and card fraud.

Is previous experience in customer service necessary?

Yes, candidates should have at least 2+ years of experience in customer service specifically related to fraud and risk through inbound and outbound calls.

What tools or software should the candidate be familiar with?

Candidates should have basic strong internet research skills, proficiency in Google Docs, and overall strong PC skills.

What are the working hours for this position?

The position requires shift work, including weekends, non-business hours, and holidays.

What are the important performance metrics for this role?

Important performance metrics include productivity, quality/accuracy, turnaround time and cycle time of assigned work, process improvement initiatives, domain expertise and certification scores, and schedule adherence.

How does the Senior Executive contribute to fraud prevention strategies?

The Senior Executive is responsible for identifying fraud trends, making recommendations for new strategies to prevent additional losses, and managing special projects assigned by management.

What essential soft skills are valued for this role?

Key soft skills include strong teamwork, effective communication, high accuracy in work, self-discipline, listening skills, and patience.

Are there any specific technical skills required for this job?

Yes, candidates should have basic strong internet research skills, proficiency with Google Docs, and a typing speed of 30 words per minute with high accuracy.

Who does this position report to?

This position reports to the Assistant Manager – Operations.

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Consulting
Industry
10,001+
Employees
1999
Founded Year

Mission & Purpose

EXL Service, a leading business process solutions company, operates on a global scale, providing transformative outsourcing and technology services. The company's mission revolves around enhancing its clients' operational efficiency, reducing costs, and driving business growth through innovative solutions. EXL aims to be a strategic partner for its clients, offering expertise in areas such as finance and accounting, healthcare, insurance, and more. The purpose of EXL is to leverage advanced analytics, automation, and digital technology to empower businesses and help them navigate complex challenges. The firm is committed to delivering value and sustainable outcomes for its clients by combining domain knowledge with cutting-edge technology and data-driven insights.

Culture & Values

  • Collaboration

    Collaborate across boundaries, Take a lead in building partnerships, Grab the first opportunity to offer assistance, Celebrate others' success, Leverage the strength of diversity of EXL

  • Innovation

    Develop a deep insight into the clients' business Identify opportunities to find a better way, Positively challenge the status quo, Turn opportunities into real action, Encourage openness and dialogue

  • Excellence

    Deliver in all circumstances, Demonstrate high accountability, Practice excellence and deliver quality, Anticipate challenges and opportunities, Manage effective communication

  • Integrity

    Live the organization values, Maintain the highest ethical standards, Abide by rules, regulations and polices, Demonstrate honesty and consistency, Preserve confidentially of information

  • Respect

    Encourage and accept feedback, Embrace and respect diversity, Treat others with dignity, Deal in a fair, open and honest manner with others, Demonstrate respect for other organizations