Fraud Control Unit Assistant Manager

Job Title: Assistant Manager / Deputy Manager – Fraud Control Unit Location: Head Office - Gurgaon Job Summary:  Driving Fraud Risk Management through prevention, detection and investigating with key focus on high severity fraud instances/vulnerabilities across functions in order to apply corrective and preventive approach for process enhancements and minimizing financial and non-financial negative impact on Organization, Customer and Employees/Distributor.  The objective of fraud identification is to be achieved through identification of possible key lead indicators, deploying fraud identification mechanism and procedures, performing data analytics, fraud risk assessment, risk mitigation via reports & advisories and driving preventive & corrective actions. Key Responsibilities: Candidate will be responsible for implementing the Fraud Monitoring Framework within the organization and ensure adherence to the Anti-Fraud Policy and standards. Day to Day handling and monitoring will include:  Conduct in-depth investigation of Fraud Cases including misconduct for various distributors/ Employees  Prepare final investigation report in chronological manner for review & decision by the Disciplinary Committee  Follow up on management agreed actions & closures  Conduct Fraud Risk Assessment of critical processes  Conduct offsite monitoring and Red Flag analysis through Predictive Fraud & Data Analytics, Mystery shopping, etc. to identify probable red flags  Develop and implement Fraud Risk monitoring strategy for identified Risk for analysis  Disposition of Fraud indicators and recommending preventive controls.  Providing Process control suggestions and fraud risk advisory  Adherence of norms and company policies within the purview of Anti-Fraud Policy  Training & Awareness to Employees/ other stake holders on Anti-Fraud  Regulatory reporting on fraud  Vendor Management Job Specifications: Qualification & Experience: • Graduate • 4-8 years of work experience of which at least 3 years in Insurance/ Financial Services industry • Preferably qualified in Fraud Risk Management (e.g. CFE, CIAFP etc.) Key Technical Competencies • Strong Statistical, Analytical & technical skills. • MS Excel, Presentation, Dash-boarding (more the skill-sets better it is) • Good knowledge of insurance/ financial services products, processes • Knowledge of Insurance/ Financial Services Regulations and regulatory and market environment including challenges. Should have handled Risk and or Fraud Control Monitoring/ Analytics Key Core/ Behavioral Competencies  Excellent communication and presentation skills  High on collaborating and influential skills  Strong Process/ controls orientation  Strong Analytical Skill  Planning and Organization: Effectiveness in planning and organizing activities of himself/herself  Energy: Ability to maintain a high activity level Reporting structure: This person will report to Head – Fraud Control Unit Direct reports: None