Senior Manager- Data Analytics & Controls (Fraud Prevention)

About Max Life Insurance:

Max Life Insurance Company Limited is a Joint Venture between Max Financial Services Limited and Axis Bank Limited. Max Financial Services Ltd. is a part of the Max Group, an Indian multi business corporation.

Max Life offers comprehensive protection and long-term savings life insurance solutions, through its multichannel distribution including agency and third-party distribution partners. Max Life has built its operations over almost two decades through need-based sales process, a customer-centric approach to engagement and service delivery and trained human capital.

For more information, please visit the Company's website at

We Stand for:

Caring- A compassionate leader who demonstrates appreciation for diversity in thoughts and approach towards people as well initiatives, eliminates biases to promote meritocracy. A coach who inspires people to excel and sets a culture of high performance.

Collaboration- A boundary-less leader who is capable of identifying & leveraging expertise of team members for superlative outcomes, thus, delivers to the organization’s ask. A leader who addresses challenges with a solution-oriented approach to create “win-win” partnerships within & outside teams through inspired cooperation and teamwork.

Customer Obsession- A leader who embodies Customer and keeps him at the core of all deliverables. Proactively anticipate customer needs and implement strategies to provide best in class customer experience.

Growth Mindset- An ambitious leader who can sponsor game changing ideas and rally the team to turn them into a reality. A leader who challenges the status quo, takes bold & creative actions to manage complex issues & achieve high impact goals by pushing self and others and raise the bar on performance.

People Leadership- A people’s leader who inspires their teams to stretch themselves and achieve their true potential. A leader who creates leaders by coaching, empowering & motivating them to deliver superior business outcomes.

"Max Life Insurance is an Equal Opportunity Employer and promotes inclusion and diversity."

Job Summary:

Act as a catalyst in driving controls through continuous proactive identification of frauds & process/ system gaps across functions including Sales, Operations, Underwriting, Policy Owner Services & Claims.

assurance to the Management by enabling business teams in driving culture of ethical sales and improved business quality by providing independent assurance through sample testing leading to improvement in control environment.

Continuous Transaction Assurance Program to test effectiveness of mortality controls through selection and review of high risks manually underwritten business cohorts and manually decided claims.

for risk mitigation on identified risk with Management in different governance frameworks.

execute testing of high risk transactions using advanced data analytical tools and query languages to proactively identify suspicious fraudulent transactions in the areas of customer acquisition, post issuance services, renewal management services, police owner services, morality, market frauds and other process violations.

Risk and Management Assurance reviews.

Key Responsibilities:

1. Management Assurance:

o Manage & update Continuous Transaction Assurance Program to test effectiveness of mortality controls through selection and review of high risks manually underwritten business cohorts and manually decided claims.

o Collaboration with Distribution & Operation functions like New Business, Underwriting, Claims, Training, IT, Compliance, Audit, IT on a strategic level to drive Management Assurance in the areas of Distribution, Market Conduct and Mortality Controls.

o Provide assurance to management on reliability of the sales management funnel by through and monitoring of quality & authenticity of sales governance reporting

2. Build, operate & synchronize FPCU data.

o Creating FPCU database by merging, cleaning, and unifying various data sources and updating it at defined frequency.

o Build automated queries for generating/ throwing triggers for investigations.

o Design & recommend system level Anti-Fraud measures/ controls through collaboration with UW and Operations.

o Inclusion of new forensic oriented queries to cover fraud vulnerable areas in customer journey.

o Developing various Management Dashboards pertaining to FPCU. .

Desired qualification and experience:

Bachelors in degree in Engineering or equivalent

8+ years of work experience in similar or equivalent role.

Certification in data analytics, SQL, Python etc is desirable.

Hands on experience with proven track record on various BI tools, SQL query building, automation is a must.

Should have working knowledge in the areas of forensic data analytics. .

Knowledge and skills required:

In-depth understanding & hands on experience of data analytical & data visualization techniques.

in banking/ NBFC/ e-Commerce & Insurance.

in advanced excel & power point.

Excellent written and oral communication

Experience in tools and systems on SQL Complex Queries, including Oracle, MS Sql Server and TSQL, ACL, MS Excel using complex formula, Python, VBA Coding and BI Tools

Have knowledge of database fundamentals such as multidimensional database design, relational database design