Job Description

Headquartered in Tokyo, Sumitomo Mitsui Banking Corporation (SMBC) is a leading global financial institution and a core member of Sumitomo Mitsui Financial Group (SMBC Group). Built upon our rich Japanese heritage since 1876, we put our customers first and provide seamless access to, from and within the Asia Pacific region. SMBC is one of the largest Japanese banks by assets and maintain strong credit ratings across our global integrated network. We work closely as one SMBC Group to offer personal, corporate and investment banking services to meet the needs of our customers.

With sustainability embedded within our strategy and operations, we are committed to creating a society in which today’s generation can enjoy economic prosperity and well-being, and pass it on to future generations.

• Conduct thorough investigations of suspected frauds, irregularities, and breaches of internal controls in compliance with RBI Master Directions on Fraud Risk Management.
• Assist in the development and implementation of vigilance policies, procedures, and best practices aligned with RBI circulars and regulatory requirements.
• Maintain detailed and confidential records of investigations, prepare reports, and recommend appropriate disciplinary or legal action.
• Support the prevention and detection of corruption, malpractices, and unethical behavior through preventive vigilance measures.
• Regular review and assessment to ensure that the discretionary powers were not exercised arbitrarily and to identify and modify procedures or practices which provided scope for corruption.
• Conduct training and awareness programs for employees to strengthen fraud risk consciousness and vigilance culture.
• Assist in periodic risk assessments and audits of operational and branch processes to identify vulnerabilities.
• Stay updated with regulatory changes, RBI circulars, and industry best practices in vigilance and fraud risk management.
• Support all other related activities of the Compliance function as directed by the Chief Compliance Officer”

• Qualifications and Experience:

  • Bachelor’s degree in Commerce, Finance, Law, or related field; advanced qualifications (CA, CS, MBA, or equivalent) preferred.
  • Minimum 5-8 years of experience in vigilance, fraud investigation, risk management, or compliance preferably in banking or financial services.
  • Sound knowledge of RBI regulations, Master Directions on Fraud Risk Management, KYC/AML practices, and internal audit processes.
  • Strong analytical and investigative skills with attention to detail.
  • Excellent communication, report writing, and interpersonal skills.
  • High integrity, ethical standards, and ability to handle confidential information.

  • Skills and Competencies:

    • Understanding of banking operations, credit appraisal, and operational risk.
    • Expertise in fraud detection techniques, forensic analysis, and root cause analysis.
    • Ability to work independently and as part of a team.
    • Proficiency in MS Office and familiarity with data analytics tools is desirable.
    • Ability to handle high-pressure situations and maintain objectivity.