Job Description: Manag Compliance Risk Management
- Accountable for monitoring and developing compliance risk management strategies for EXL operations.
- Take the lead in the development of compliance assessment and monitoring processes and controls to mitigate compliance risk. Responsibilities will include evaluation of new tools and processes to enhance prevention, detection and reporting on compliance risks.
- Conduct Compliance reviews and testing to identify areas of potential process improvement, gaps or trends and in coordination with other stakeholders, implement enhancements.
- Conduct compliance trainings and awareness drives on pertinent compliance topics.
- Proactively recommend and implement updates to existing compliance policies and procedures and draft new policies and procedures as necessary, in consultation with leaders.
- This role requires the ability to dive deep, react quickly, navigate complex business processes and evaluate risks related to processes, regulatory compliance, organizational structure, policy, and technology.
Fraud Risk Management
- Accountable for monitoring and developing fraud risk strategies for EXL operations in accordance with COSO framework.
- Take the lead in the development of fraud processes, strategies and controls to mitigate fraud risk. Responsibilities will include evaluation of new tools and processes to enhance prevention, detection and reporting on fraud risks.
- Perform regular assessments to identify areas of potential process improvement, gaps or trends and in coordination with other stakeholders, implement enhancements.
- Evaluate/test EXL’s anti-fraud controls and make appropriate suggestions for enhancements to controls
- Conduct targeted anti-fraud training as needed
Investigation and Vigilance
- Handling investigations into a range of issues involving bribery and corruption, conflict of interest, collusion, employee fraud, operational and financial frauds, embezzlement, third party frauds, procurement fraud, HR related issues, data theft and misappropriation.
- Examining suspicious activities: Reviewing allegations of fraud to determine if deception has occurred
- Gathering evidence: Collecting evidence and records, and interviewing witnesses
- Preparing reports: Writing detailed reports and presenting them to management
- Creating preventive systems: Developing systems to limit fraud and identify threats to the company
- Updating fraud analysis models: Keeping models up to date with industry trends and security standards
- Assisting with investigations: Helping fraud analysts and their teams with investigations
- Must be capable of functioning as a sole contributor as well as collaborating with cross-functional teams to deliver investigations to support multiple stakeholders.
Required Skills/Experience :-
Bachelor's degree in accounting, finance, business or related field. Master's degree preferred.
Industry-related certification such as Certified Fraud Examiner (CFE) is a must.
Understanding of insurance, healthcare, procurement, consumer, financial institution, computer & internet & intellectual property related frauds.
Strong knowledge of the 3 lines of defense model with special emphasis on the 2 nd Line.
Strong knowledge of laws relating to bribery and corruption, data privacy and protection, money laundering, US Treasury AML guidelines, OFAC requirements.
7+ years of relevant Anti-Fraud program experience with complex fraud investigations, auditing, risk management, compliance, finance, law or a related field
Experience working with fraud detection scenarios, principles, and best practices.
Strong analytical skills and ability to synthesize and summarize data
Problem-solving skills and excellent written and verbal communication skills.
Proficient in using investigative tools and software.
Strong organizational, planning and project management skills ing fraud risk Framework at EXL in accordance with COSO principles
