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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