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Area FRMU Manager - Mumbai

Aditya Birla Group — Mumbai, MUMBAI

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Experience 5-10 Years yrs
Age 21-35 yrs
Gender Both
Salary Not Disclosed LPA
Department Sales Loans
Product Loans

Job Description

1) Job Purpose: 

The role is responsible for handling the team of Location RCU Managers and assist them in managing the RCU Agency Manpower in Identifying document manipulation and critical frauds. Optimizing sampling and ensure minimal fraud loss. To maintain TAT enhance support to the Business Goals. Effective liasoning with risk managers and peers in other financial institutions. To ensure continuous improvement of the RCU screening and sampling system and conduct Stakeholders, meet, Trainings & Fraud awareness sessions.

 

2) Dimensions:

  • Business Units

ABFL 

  • Products

All ABFL Products

  • Geography

Location/HUB

  • Department Workforce Number 

Total No. of Direct Reporting Team Members: 1 to 3

  • Other Quantitative and Important Parameters for the job:
  • Managing Screening & Sampling Exercise with support of RCU Agency Manpower.
  • Ensuring Timely circulation of MIS/Reports/Dashboard 
  • Unusual Event (UEs) & Case Investigation
  • Supporting Location Managers in conducting training with stakeholders / vendors.
  • Cross Validation Vendor Billing data prepared by Location Managers and quality checks.
  • ML Tracker preparation
  • Managing 1st of escalation & Co-ordination with all stake holders
  • Pre-& Post Disbursal Checks
  • Verification of Non-starter cases.


  • Qualitative parameters
  • Truthful & Integrity
  • Analytical bend of mind
  • Investigative skills & Eye for detail
  • Good listeners & Critical Thinking
  • Networking
  • Open to outstation travel
  • Communication, presentation and Reporting skills

 

3) Job Context & Major Challenges: 

Organizational Context:

Aditya Birla Finance Limited ("ABFL") is a lending subsidiary of Aditya Birla Capital Limited. ABFL is registered with RBI as a Systematically Important Non-Deposit accepting Non-Banking Finance Company (NBFC). ABFL is one of the top private diversified NBFCs in India. As of 31-Dec’20, ABFL has a pan-India presence with 91 branches and a lending book of Rs. 45,560 Crores.


ABFL offers end-to-end lending solutions to a diverse set of customers - Retail, HNI, MSMEs, and Mid & Large Corporates through secured as well as unsecured loan products. The diverse range of lending products includes Retail Small Ticket Secured and Unsecured Loans, Unsecured Personal Loans, Unsecured Business Loans, Health & Education Loans, Digital B2B2C and B2B2B Small Ticket Loans, Small Business Secured Loans, Loans Against Property (LAP), Lease Rental Discounting (LRD), Construction Finance (to Real Estate Developers), SME Loans, Capital Markets Loans (Loan Against Shares), Supply Chain Finance, Mid and Large Corporate Loans, and Infrastructure Finance loans. ABFL also has a Wealth Management division. 


ABFL is rated “AAA” by India Ratings, ICRA and CARE (reaffirmed in 2020). ABFL secured the ABG Business Excellence Award in 2017 (Silver), and 2015 (Bronze), and multiple other Awards on forums like CII.

 

Job context:

The role is responsible for handling the team of RCU agency samplers and assist them in Identifying document manipulation and critical frauds. Optimizing sampling and ensure minimal fraud loss. To maintain TAT enhance support to the Business Goals. Effective liasoning with risk managers and peers in other financial institutions. To ensure continuous improvement of the RCU screening and sampling system and conduct Stakeholders, meet, Trainings & Fraud awareness sessions.

 


4) Key Result Areas: 

Key Result Areas 

Supporting Actions 


Monetary Savings

1) Hit Rate in %age

2) Hit Rate on sampled in %age

3) Fraud & Negative Savings %

Internal Control & Process

1) Department Audit & Regulatory Compliances (Internal Audit Score & Open Items)

2) Timely Reporting of ML Tracker 

3) Quality check compliance

Process Efficiency

1) TAT (Screening & Sampling)

2) TAT (Sampled)

3) Managing Sampling%

4) Minimizing Refer%

People Management

1) Branch Visit

2) DSA Visit

3) RCU Vendor Management

4) Self-training

5) Collaboration with internal Stakeholders

6) Escalation Management

7) Attrition in %

Frequently Asked Questions

What are the eligibility criteria for the Area FRMU Manager - Mumbai job at Aditya Birla Group?

Eligibility typically includes the qualifications and experience outlined in the job description above, with around 5-10 Years years of relevant experience expected for this role.

What are the primary responsibilities of a Area FRMU Manager - Mumbai at Aditya Birla Group?

The key responsibilities for this role are detailed in the Key Responsibilities section above, covering the core duties expected of a Area FRMU Manager - Mumbai at Aditya Birla Group.

Is prior experience required for this position?

This role requires around 5-10 Years years of relevant experience, as specified in the job listing. Please refer to the Qualifications & Experience section above for full details.

What skills are important for this role?

Skills relevant to this position are outlined in the Qualifications & Experience section above. In general, strong communication, domain knowledge, and the ability to meet role-specific targets are valued across similar BFSI positions.

How do I apply for the Area FRMU Manager - Mumbai role at Aditya Birla Group?

You can apply directly using the Apply Now button on this page, which will take you to Aditya Birla Group's application process for this role.