Assistant Manager - Fraud & Risk Control (FRCU)

Assistant Manager - Fraud & Risk Control(FRCU)

1 Nos.
76166
Full Time
4.0 Year(s) To 8.0 Year(s)
5.00 LPA TO 6.00 LPA
Risk Management & Compliance
Insurance
Any - Any Graduation
Job Description:

Primary Role Description: -

  • Ability to identify fraud scope, data logics to identify exceptions.
  • Additional capability to analysis and prepare smart dashboards by using latest available tools will be an added advantage i.e. R, Tableau etc.
  • Timely and accurate reports with an ability to identify financial and non-financial transactions.
  • Ensures compliance with established internal control procedures by examining records, reports, operating practices, and documentation
  • Strategize on purpose to ensure the best optimal outcome for the Company.
  • The Key role would be to Devise Investigation strategy
  • Ensure legal interest of the Company is protected by taking appropriate actions for protecting its interests.
  • Investigating and collecting documents relating to the cases, Co-ordinating with Legal Counsel and providing required data and documents to the counsel
  • Review cases periodically to analyze the trend of the fraud, liaise with the stakeholders/internal departments to ensure that risks are identified and appropriate course of action is taken.
  • Provide necessary knowledge sharing to concerned functions to enhance customer centricity and reduce the fraud risks the company may be open to.
  • Execute surveillance, offsite monitoring and red flag monitoring plan.
  • Enforcement of actions recommended by Code and Ethics Committee including filing of FIR, blacklisting of providers, etc.
  • Work with business functions to ensure fraud risk assessment plan is adhered with minimum challenges on data extraction, analysis and reporting.
  • Close looping on findings by executive corrective and preventive actions in coordination with Code & Ethics Committee, business functions, Management Risk Committee and other stakeholders.
  • Develop and implement Fraud Risk monitoring strategy for heat map and fraud risk rating of business process.
  • Participate in significant fraud investigations as required.
  • Identify and prevent fraud for within the TAT requirements in line with company policy
  • Monitor the performance and progress towards achieving improvement through coaching/ refresher sessions & feedback with the Team
  • Responsible for ensuring implementation of scientific, dynamic & statistically significant sampling strategies. Ensure effective investigation and prioritization for maximum penetration.
  • Adherence to Fraud Risk Management Policy, Process & Standard Operating Procedures & Customer Contact policies. Also, the candidate will be required to adhere to code of conduct and disciplinary guidelines of the Organization
  • Liaison with competition Fraud Control team for updates and best practice sharing on fraud controls

Educational & Experience:

  • Graduation with relevant technical skills qualification from the institute of repute. CFE or equivalent
  • Application of fraud risk identification & mitigation framework
  • Highest level of personal credibility, integrity & effectiveness
  • Exceptional written & oral communication skills.
  • Ability to represent data findings as per audience/ stakeholders needs/ purpose in order to execute corrective & preventive actions
  • Pro-active problem solving mindset
  • Aptitude to respond to challenging and ambiguous environment
Company Profile

One of the leading --- --- --- of India. 

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