HR at Jubilant HR Consultants
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Chief Manager - Fraud Risk - Life Insurance Firm (7-10 yrs)
Our client is a well-established Life Insurance company and is a joint venture between India's leading Financial Services Company along with the World's one of the most diversified and oldest Multinational Financial services organizations.
Job Purpose
- The role would be directly responsible for early detection of fraud/adverse selection and also preparing product risk guideline to manage frauds
Key Responsibilities
Responsibilities - To be directly responsible for early detection of suspicious cases at new business login and post issuance cases
- To provide inside and learning to analytics team for early detection of frauds
- To be responsible for assurance on portfolio quality through review of distributor, adverse regions/branches, partners and products.
- To create risk guidelines for channels/products/partners/geographies
- To assess and mitigate pre & post issuance risk, process compliance, sales governance, analytics and strategy formulation for the sales teams
Specific Authorities( Financial & Non Financial) To be authorized, to give sign off for new distributor onboarding
Key Performance Indicators - A/E
- To increase fraud hit ratio by 10% via identifying adverse policies for conducting IPV
Job Requirements
Qualifications Graduate Engineer/MBA/CA
- Experience 7-8 years of experience (Insurance domain)
- Base skills Understanding of organisational systems, process and products
- Functional Competencies Risk Prevention & Detection
- Understanding of fraud risk in Insurance domain
- Risk Management
- Understanding of U/W risks and guidelines for product risk assessment
- Analytical skills
- Behavioral Competencies Business Acumen
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