We have very urgent position in one of BEST Life Insurance organizations across the following location --

POSITION - Chief Manager - FRAUD AVOIDANCE

Reporting : DVP

Segment : Process Assurance & Risk Management

LOCATION - Mumbai ( Goregaon )

OFFERED CTC : 12 - 16 LPA

JOB DESCRIPTION :

- Lead the development & implementation of Fraud & Risk strategy to prevent, detect & manage internal & external fraud risks faced by the company

- Designing and implementation of fraud detection processes and systems and lead in implementation of anti-fraud controls.

- Look at all the processes across functions and design lead indicators to prevent frauds. Analyse data to identify all the susceptible areas where the frauds can happen and build in controls.

- Deliver regular management information, key risk indicators, key performance indicators, periodic & adhoc reports to management & governance committees which provide evidence of progress made in implementation of strategic fraud prevention, detection & response controls.

- Ability to identify and scale a wide range of internal & external fraud risk to influence the creation of a fraud management strategy. Liasoning with all departments including risk units like UW, Claims, RCU etc to incorporate all the red flags.

- Leading in implementation of BCM across the departments of the company and execute drill from time to time

- Experience in assessing and presenting risk based reviews. Responsible for working with the operational risk teams to include the fraud risk controls as part of the overall ERM framework. Lead the execution of RCSA testing program of processes across departments. Perform Process walkthroughs to analyse and evaluate the design effectiveness of controls identified through RCSA process including the fraud risk analysis.

- Preparation and presentations of Fraud and Risk issues for the Risk Management Committees and Tier-I Audit Committees

- Conduct pre Audits to ensure accuracy of transaction in certain key processes

Creating awareness of Fraud Risk culture in the organization. Conduct trainings on Fraud awareness across the departments.

Industry : BFSI .

Need someone who can set up fraud avoidance unit, no for people who do investigations/operations risk profile

CA / EQUIVALENT WITH 5 TO 10 years of experience.

1. Avoid job hoppers, people changing jobs frequently .

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