VP – Fraud Investigation & Reporting | Location: Hyderabad

Company: A leading microfinance institution.

Job Summary: VP – Fraud investigation & Reporting is responsible for end-to-end closure of incidents reported as fraud.

Reports to: Chief Internal Audit

Job Role & Responsibilities:

1. Lead investigations on incidents and cases referred for investigation, examining appropriate records and documentation, interviewing all relevant parties internally and externally, conducting field visits with relevant stakeholders.
2. Ensuring closure of investigation for all the cases detected & preparation of investigation reports for presentation to the management within the prescribed TAT.
3. To carry out investigations on suspected fraudulent staff as detected or reported across locations PAN India, providing an independent investigation report for management and represent the organization in any related police and legal proceedings.
4. Ensure corrective action is taken by the relevant teams and subsequent recovery recourse is initiated in coordination with the concerned teams.
5. Travelling as & when required for investigation purpose.
6. Devise Early Warning Mechanism to reduce fraud losses.
7. Increase Fraud Awareness within and outside the company to prevent losses.
8. Recommend new software tools used for fraud detection, prevention and reporting activities.
9. Maintain fraud analysis models to improve efficiency and effectiveness of company systems.
10. Provide Training to the team.
11. Handling queries from statutory auditors and regulator as required.

Desired Profile:

1. Experience: 15-20 years of experience in fraud investigation & reporting.
2. Key Skills: Investigation, Analytical skills, Stakeholder Management, Data Analysis
3. Qualification: Chartered Accountant/ MBA/ Certified Fraud Examiner (CFE)

Must Have:

1. Knowledge of fraud control measures and process in the fraud investigation domain.
2. Good verbal, written communication skills, presentation skills with demonstrated analytical skills.
3. A good team player.
4. Fraud analytics.
5. Risk Management.
6. Should be able to communicate effectively, especially in English & Hindi.
7. Should have strong Excel & Power Point skills.