Manager, Fraud Risk Management

Delhi, Delhi ₹2000000 - ₹2500000 Y Standard Chartered Bank

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Job Description

Job ID: 38233

Location: Delhi, IN

Area of interest: Operations

Job type: Regular Employee

Work style: Office Working

Opening date: 28 Aug 2025

Key Responsibilities

Manage Retail Clients Fraud Risk activities and processes for Investigations effectively and efficiently aligned to business strategy.

Work with other units of Fraud Risk Management and stakeholders for smooth functioning of Fraud risk management processes and activities.

Manage fraud risk, assisting businesses with implementing the 'best in class' tools & processes to minimize fraud losses while maintaining and adhering to customer charter goals and objectives.

Strategy

  • Support and provide inputs to Regional Head, Fraud Risk Management for driving the operational model and implementing the strategic direction for the country.
  • Contribute for Fraud Risk strategy and infrastructure for channels and products for efficient investigation of cases and mitigate the fraud risk
  • Manage fraud risk, assisting businesses with implementing the 'best in class' tools & processes to minimize fraud losses while maintaining and adhering to customer charter goals and objectives.

Business

  • Ensure the Fraud Risk Management framework is effectively embedded and communicated across Retail Customers segment.
  • Develop a proactive, independent, balanced and a fraud risk awareness culture within the organisation
  • Deploy the strategies across products and channels
  • Identify industry best fraud risk infrastructure and management practices are tabled and are considered for adoption within the country
  • Ensure the fraud risk management team achieves expense and loss budget targets

Processes

  • Lead and drive standardisation, automation and consolidation through re-engineering and process improvement initiatives for the country for Fraud Risk Management
  • Review investigation details and guide GBS/FRSCG team to ensure holistic coverage of the incident / case under investigation.
  • Encourage and promote an active training and learning environment to facilitate excellence in risk management, risk awareness, behaviours and accountability.

People & Talent

  • Compliance with all relevant process procedure, guidelines, rules & regulations
  • To work and solve problems independently and be able to work in a deadline-oriented environment

Risk Management

  • Identify and share industry best practices and work with the businesses for their feasibility and implementation.
  • Develop a collaborative relationship with regulators, peer banks and fraud risk industry forums to help detect and mitigate fraud.
  • Ensure all FRM policies and procedures in the country, comply with Group Policies and Standards. Ensure proper and updated documentation in place for in-country policies and procedures.
  • Ensure various fraud risks are being actively prevented and detected in a timely manner on an end-to-end basis.
  • Proactive in seeking regular assurance that areas of responsibility are performing to an acceptable risk and control standards.
  • Ensure that effective management response plans are in place to respond to extreme but plausible fraud scenarios in the country.
  • Managing the agencies appointed for supporting in Fraud prevention and working closely with Legal and Investigation agencies to take the case to logical conclusion.
  • Work closely with the GBS/FRSC team to ensure that all activities related to Fraud Control and Investigation activities are conducted timely and according to SLA.
  • Recommend changes to the process control environment or to business practices, where necessary, to reduce the level of fraud risk exposure to within the agreed appetite.
  • Balance business performance delivery and cost management with risk and control matters to ensure that it does not materially threaten the Group, while remaining within risk appetite.
  • Manage the process of fraud investigation within specified time and reporting to relevant stakeholders
  • Manage the fraud risk at pre-acquisition stage for lending and liability products
  • Proactively of fraud risk assessment of processes and channel to identify the gap and recommend mitigate the risk

Governance

  • Provide oversight across fraud risk management team, ensuring compliance with the highest standards of regulatory and business conduct and compliance practices as defined by internal and external requirements. This includes compliance with local banking laws, other applicable laws and anti-money laundering regulations and guidelines
  • Embed the Group's values and code of conduct in the country fraud risk management team to ensure that adherence with the highest standards of ethics, and compliance with relevant policies, processes and regulations among employees forms part of the culture
  • Accountable for satisfactory closure of issues / gaps arising from Internal Audits, peer reviews and regulatory reviews for the areas of work.

Regulatory & Business Conduct

  • Display exemplary conduct and live by the Group's Values and Code of Conduct.
  • Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
  • Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
  • Leadto achieve the outcomes set out in the Bank's Conduct Principles: (Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance; The Right Environment.) *
  • Serve as a Director of the Board
  • Exercise authorities delegated by the Board of Directors and act in accordance with Articles of Association (or equivalent)

Key stakeholders

Internal stakeholders

  • RCOs, Country Retail Risk Head
  • Regional / Country Business Heads and Product Head, Retail Client segment
  • FGCs/ In country governance forums (or other forums, as may be applicable)
  • Financial Crime Risk
  • Country Collections Head and Policy team
  • Relevant members of Risk Operations management team
  • Internal IT partners supporting Retail Clients business
  • HR, SIS & L &TD team
  • Operations, L&C and Customer Experience Management unit

External stakeholders

  • Auditors and Regulators
  • Associations (Visa, MasterCard, Amex and other Regional / Local forums), Credit Bureaus and peer Banks
  • Law Enforcement agencies
  • Suppliers, vendors and consultants

Skills and Experience

  • Fraud Domain Skill
  • Investigation Report Writing
  • Field Investigation
  • Stakeholder Management
  • Training skills
  • Negotiation skills
  • Escalation management
  • Team Management skills
  • Vendor Management
  • Listening skills

Qualifications

Graduate/MBA qualified with minimum Fraud Domain Experience of 7 yrs

About Standard Chartered

We're an international bank, nimble enough to act, big enough for impact. For more than 170 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents and we can't wait to see the talents you can bring us.

Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, you'll see how we value difference and advocate inclusion.

Together we:

  • Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
  • Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
  • Are better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term

What we offer

In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.

  • Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations.
  • Time-off including annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum.
  • Flexible working options based around home and office locations, with flexible working patterns.
  • Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
  • A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning.
  • Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.
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Third Party Risk Management/AM

Delhi, Delhi ₹1500000 - ₹2500000 Y Talent Worx

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Job Description

We're hiring for one of the world's leading professional services firms, renowned for its commitment to innovation, excellence and global impact. With a presence in over 150 countries, this organization provides services across consulting, audit tax, risk advisory, and financial advisory --- helping fortune 500 companies and governments navigate complex challenges.

Requirements
  • 4+ Relevant years of experience in Third party risk management
  • Relevant years of experience in IT Audits, Cloud security
  • Experience with ISO22301 implementation and audits
  • Preferred certifications CBCI / CBCP / ISO22301 LI or LA Offensive Security Certified
  • Professional, CISA to work in a cross-functional, cross-cultural matrix environment
  • Understanding of Third party/vendor/supplier risk management consideration.
  • Knowledge of Data Protection & Privacy related risks associated with Third-Party and relevant control frameworks for Third party risk management
  • Excellent written/verbal communication
  • Excellent documentation and presentation skills
  • Highly motivated and willing to work in local and global environments
  • Security certifications like CISSP, CISA, CISM, CEH, ISO27001
  • Work experience in Infrastructure / Application Security
  • Work experience in IT Audit
  • Work experience in Information Risk Management
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Senior Quantitative Analyst - Risk Management

110001 Delhi, Delhi ₹1200000 Annually WhatJobs

Posted 3 days ago

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Job Description

full-time
Our client, a leading financial institution, is seeking a highly skilled Senior Quantitative Analyst specializing in Risk Management to join their innovative team in Delhi, Delhi, IN . This critical role involves developing and implementing sophisticated quantitative models to assess, measure, and manage financial risks. The ideal candidate will possess exceptional analytical abilities, a deep understanding of financial markets and instruments, and proficiency in statistical modeling and programming.

Responsibilities:
  • Develop, validate, and implement quantitative models for market risk, credit risk, operational risk, and liquidity risk.
  • Perform complex statistical analysis and simulations to assess risk exposures and potential impacts.
  • Collaborate with business units to understand risk appetite and regulatory requirements.
  • Design and implement stress testing scenarios and back-testing methodologies.
  • Contribute to the development and enhancement of risk management frameworks and policies.
  • Communicate complex quantitative concepts and results to non-technical stakeholders, including senior management and regulators.
  • Research and stay current with academic literature, industry best practices, and emerging trends in quantitative finance and risk management.
  • Develop and maintain efficient code for model implementation, data processing, and reporting.
  • Mentor junior analysts and contribute to the team's knowledge sharing and development.
  • Ensure compliance with all relevant regulatory guidelines and internal policies.

Qualifications:
  • Master's or Ph.D. in a quantitative field such as Mathematics, Statistics, Physics, Economics, Financial Engineering, or a related discipline.
  • Minimum of 5 years of relevant experience in quantitative analysis, risk management, or financial modeling within the banking or financial services industry.
  • Strong knowledge of financial instruments, derivatives, and risk management principles.
  • Expertise in statistical modeling, time series analysis, econometrics, and machine learning techniques.
  • Proficiency in programming languages such as Python, R, C++, or Java.
  • Experience with data manipulation and analysis tools (e.g., SQL, SAS).
  • Excellent problem-solving, analytical, and critical thinking skills.
  • Strong communication and presentation skills, with the ability to explain complex technical concepts clearly.
  • Familiarity with regulatory frameworks such as Basel III/IV is a plus.
  • Ability to work effectively in a fast-paced, collaborative environment.

This position offers a significant opportunity to influence risk management strategies and contribute to the stability and success of a major financial organization. Join a team dedicated to leveraging cutting-edge quantitative methods.
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Senior Actuarial Analyst - Risk Management

110001 Delhi, Delhi ₹1200000 Annually WhatJobs

Posted 3 days ago

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full-time
Our client, a leading insurance firm, is looking for a highly skilled Senior Actuarial Analyst to join their remote-first risk management team. This role is crucial for assessing and managing financial risks within the company, ensuring solvency, and developing pricing strategies for new and existing insurance products. The ideal candidate will possess strong analytical capabilities, a deep understanding of actuarial principles, and proficiency in actuarial modeling software. You will collaborate with underwriting, claims, and finance departments to provide data-driven insights and recommendations. This is a fully remote position, allowing you to work from anywhere within India, contributing to a flexible and productive work environment.

Primary Responsibilities:
  • Conduct complex actuarial analysis to assess insurance risks, including pricing, reserving, and solvency.
  • Develop, implement, and maintain sophisticated actuarial models using industry-standard software.
  • Analyze financial data and trends to forecast potential risks and opportunities.
  • Assist in the pricing of insurance products, ensuring competitiveness and profitability.
  • Perform statutory and GAAP reserving calculations, ensuring compliance with regulatory requirements.
  • Evaluate the impact of regulatory changes on the company's financial position.
  • Collaborate with cross-functional teams to provide actuarial support and insights.
  • Mentor and guide junior actuarial staff, fostering their professional development.
  • Prepare clear and concise reports and presentations for senior management and regulatory bodies.
  • Stay abreast of emerging trends and best practices in actuarial science and the insurance industry.

Required Qualifications:
  • Passed at least three actuarial exams from a recognized professional society (e.g., Institute of Actuaries of India, SOA, CAS).
  • Bachelor's degree in Actuarial Science, Mathematics, Statistics, Finance, or a related quantitative field.
  • Minimum of 5 years of progressive experience in the insurance industry, with a focus on actuarial analysis.
  • Proficiency in actuarial software (e.g., Prophet, GGY Axis, Polytems) and programming languages (e.g., SQL, Python, R).
  • Strong understanding of insurance products, regulatory frameworks, and risk management principles.
  • Excellent analytical, problem-solving, and critical thinking skills.
  • Exceptional communication and interpersonal skills, with the ability to explain complex technical concepts to non-technical audiences.
  • Proven ability to work independently and manage multiple projects simultaneously in a remote setting.
  • Commitment to continuous learning and professional development within the actuarial field.
This is an excellent opportunity to leverage your actuarial expertise in a fully remote capacity and contribute to the strategic direction of a prominent insurance provider.
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Senior Actuarial Analyst - Risk Management

110001 Delhi, Delhi ₹1300000 Annually WhatJobs

Posted 3 days ago

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Job Description

full-time
Our client, a leading insurance provider, is seeking a highly analytical and detail-oriented Senior Actuarial Analyst to join their Risk Management department in **Delhi, Delhi, IN**. This hybrid role offers flexibility between remote work and office-based collaboration. You will be responsible for developing and maintaining actuarial models, assessing financial risks, and providing insights to support strategic decision-making. Your duties will include pricing new insurance products, evaluating the adequacy of reserves, and performing loss analysis. You will also play a key role in regulatory compliance, ensuring that all actuarial practices adhere to industry standards and legal requirements. The ideal candidate will have a strong foundation in actuarial science, mathematics, and statistics, with a proven ability to apply these principles to insurance-related challenges. Experience with actuarial software and programming languages (e.g., R, Python, SQL) is highly desirable. You will collaborate with underwriting, claims, and finance departments to provide critical data and analysis. A Bachelor's or Master's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field, along with significant progress towards or completion of actuarial exams (e.g., from the Institute of Actuaries of India or equivalent), is required. A minimum of 5 years of relevant actuarial experience within the insurance industry is essential. Excellent communication skills are necessary to present complex findings clearly to both technical and non-technical audiences. This role requires a meticulous approach, strong problem-solving abilities, and a commitment to upholding the integrity of actuarial analysis.
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Director of Underwriting & Risk Management

110001 Delhi, Delhi ₹2800000 Annually WhatJobs

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full-time
Our client is seeking a seasoned and strategic Director of Underwriting & Risk Management to lead their insurance operations in a fully remote capacity. This senior leadership role is pivotal in developing and implementing robust underwriting guidelines and risk management frameworks to ensure the company's financial stability and profitability. The successful candidate will oversee the underwriting process across all product lines, setting standards for risk assessment and pricing. You will be responsible for evaluating and managing the company's overall risk exposure, developing strategies to mitigate potential losses, and ensuring compliance with regulatory requirements. Key responsibilities include analyzing market trends, competitor strategies, and emerging risks to inform underwriting policies. You will lead and mentor a team of experienced underwriters and risk analysts, fostering a culture of excellence and continuous improvement. Experience in developing and implementing effective risk management systems, including capital modeling, solvency assessment, and stress testing, is essential. A deep understanding of insurance products, actuarial principles, and regulatory landscapes (e.g., IRDAI guidelines) is required. A Bachelor's degree in Actuarial Science, Finance, Statistics, or a related quantitative field is mandatory; an advanced degree or professional designation (e.g., FSA, FCAS) is highly preferred. A minimum of 10 years of progressive experience in insurance underwriting and risk management, with at least 5 years in a senior leadership position, is essential. Proven ability to develop and execute strategic risk management plans, lead cross-functional teams, and manage complex financial risks is a must. This is an exciting opportunity to shape the risk appetite and underwriting strategy for a growing insurance provider, working remotely and making a significant impact on the company's long-term success.
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Senior Financial Analyst - Risk Management

110001 Delhi, Delhi ₹1000000 Annually WhatJobs

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full-time
Our client, a distinguished institution within the Banking & Finance sector, is actively recruiting a highly analytical and experienced Senior Financial Analyst specializing in Risk Management. This pivotal role is based in **Delhi, Delhi, IN**, and operates on a hybrid model, offering a blend of in-office collaboration and remote work flexibility. The ideal candidate will possess a deep understanding of financial risk assessment, regulatory compliance, and quantitative analysis, with a proven ability to identify, measure, and mitigate financial risks across the organization. You will be instrumental in developing and implementing robust risk management frameworks, conducting stress testing, and providing strategic insights to senior leadership.

Responsibilities:
  • Develop, implement, and maintain comprehensive financial risk management frameworks and policies.
  • Conduct in-depth analysis of market risk, credit risk, operational risk, and liquidity risk.
  • Perform quantitative modeling, stress testing, and scenario analysis to assess potential financial impacts.
  • Ensure compliance with relevant financial regulations and reporting requirements.
  • Monitor key risk indicators (KRIs) and develop early warning systems.
  • Prepare detailed risk assessment reports and present findings and recommendations to senior management and regulatory bodies.
  • Collaborate with various business units to identify and manage financial risks inherent in their operations.
  • Stay abreast of evolving financial markets, regulatory changes, and industry best practices in risk management.
  • Contribute to the development of risk mitigation strategies and action plans.
  • Mentor and guide junior analysts on the risk management team.
Qualifications:
  • Bachelor's degree in Finance, Economics, Mathematics, Statistics, or a related quantitative field; Master's degree or professional certification (e.g., FRM, CFA) is a plus.
  • Minimum of 5-7 years of progressive experience in financial analysis, with a strong focus on risk management within the banking or financial services industry.
  • Expertise in various risk types (market, credit, operational, liquidity).
  • Strong quantitative and analytical skills, with proficiency in statistical modeling and data analysis tools.
  • In-depth knowledge of financial regulations (e.g., Basel Accords).
  • Excellent report writing, presentation, and communication skills.
  • Proficiency in financial modeling software and database management.
  • Ability to work effectively both independently and as part of a hybrid team.
  • High level of integrity and attention to detail.
This is a significant opportunity for a skilled financial professional to play a key role in safeguarding the financial health of a leading organization.
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Third Party Risk Management/AM

New Delhi, Delhi Talent Worx

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Job Description

We're hiring for one of the world's leading professional services firms, renowned for its commitment to innovation, excellence and global impact. With a presence in over 150 countries, this organization provides services across consulting, audit tax, risk advisory, and financial advisory --- helping fortune 500 companies and governments navigate complex challenges.

Requirements

  • 4+ Relevant years of experience in Third party risk management
  • Relevant years of experience in IT Audits, Cloud security
  • Experience with ISO22301 implementation and audits
  • Preferred certifications CBCI / CBCP / ISO22301 LI or LA Offensive Security Certified
  • Professional, CISA to work in a cross-functional, cross-cultural matrix environment
  • Understanding of Third party/vendor/supplier risk management consideration.
  • Knowledge of Data Protection & Privacy related risks associated with Third-Party and relevant control frameworks for Third party risk management
  • Excellent written/verbal communication
  • Excellent documentation and presentation skills
  • Highly motivated and willing to work in local and global environments
  • Security certifications like CISSP, CISA, CISM, CEH, ISO27001
  • Work experience in Infrastructure / Application Security
  • Work experience in IT Audit
  • Work experience in Information Risk Management
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Lead - Risk Management-Delhi NCR

Delhi, Delhi Michael Page

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  • Great Organization
  • opportunity to learn and grow
  • About Our Client

    One of the fastest growing NBFCs in India.

    Job Description

  • Analysis and visualization of risk factors using database and analytics tool like SQL, Python/SAS, Power BI, Excel
  • Responsible for enhancing and performing Internal Capital Adequacy Assessment Process (ICAAP) and prepare comprehensive ICAAP document for presentation to Board in line with Basel / RBI norms. Keep ICAAP policy updated in line with regulatory guidelines.
  • Perform Stress Testing on material risks in line with RBI guidelines / Basel norms and Stress Testing Policy. Develop & maintain Stress Testing Framework
  • Credit Loss Modelling for the Corporate Finance Portfolio for ECL Provisioning
  • Maintain credit Models on Basel/IFRS 9 (PD, LGD, EAD) etc. for ECL (Expected Credit Loss) Calculations
  • Develop and maintain 'Risk-Based-Pricing' and 'RAROC ' models for Corporate Finance portfolio
  • Query large data sets to draw insights from loan portfolio data to detect early warning indicators
  • Extensive data mining to monitor the changes in trends, outlook and review the portfolio quality and performance
  • Data Analysis and performance Tracking/Portfolio Management for the Corporate Portfolio
  • PD Modelling with Flow rates and Linear Regression, and Vasicek method
  • Perform Stochastic Stress Testing using Regression, Vasicek, CIR models
  • Perform portfolio analytics - Vintage, Waterfall, Through the door analysis etc.
  • Perform Portfolio deep-dive to identify emerging trends; contribute towards improving portfolio quality and reducing non-performing loans
  • Regulatory Report filing on Monthly/Quarterly/weekly basis
  • Design Guardrails for each product and monitor them for sensing & sending Early Warning Alerts
  • Monitor Macro/Micro/High Frequency indicators; keep a close monitoring on movement of these indicators and perform impact assessment.
  • The Successful Applicant

  • Post-Graduate (FRM / CFA preferred)
  • Min 10+ Years of Work Exp.
  • Understanding of Basel norms/IFRS 9 (PD, LGD, EAD), IND AS9, ICAAP, RAROC, Regulatory, Financial Concepts. Statistical Concepts (Econometrics), Data Science and Machine Learning algorithms,
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    Specialist – Operations, Fund Risk Management and Oversight

    Delhi, Delhi ₹72000 - ₹108000 Y UNDP Careers

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    Job Description

    Job Description
    JOB DESCRIPTION
    Please Note The Appropriate Tier Indicated In The Vacancy Title And Ensure That You Are Holding The Applicable Contract As Defined Below

    • Tier 1: UNDP/ UNCDF/ UNV staff holding permanent (PA) and fixed term (FTA) appointments (defined as "internal" candidates)
    • Tier 2: UNDP/ UNCDF/ UNV staff holding temporary appointments (TA) and personnel on regular PSA contracts
    • Tier 3: All other contract types from UNDP/UNCDF/UNV and other agencies, and other external candidates

    Background
    UNDP has been working in India since 1951 in almost all areas of human development. Together with the Government of India and development partners, we have worked towards eradicating poverty, reducing inequalities, strengthening local governance, enhancing community resilience, protecting the environment, supporting policy initiatives and institutional reforms, and accelerating sustainable development for all.

    With projects and programmes in every state and union territory in India, UNDP works with national and subnational government, and diverse development actors to deliver people-centric results, particularly for the most vulnerable and marginalized communities. As the integrator for collective action on the Sustainable Development Goals (SDGs) within the UN system, we are committed to supporting the Government of India's national development vision and priorities and accelerating the achievement of the SDGs for the people and the planet.

    UNDP India Country Programme aims to provide an integrated approach to development solutions in three strategic portfolios:

    • Strong, accountable and evidence-led institutions for accelerated achievement of the SDGs.
    • Enhanced economic opportunities and social protection to reduce inequality, with a focus on the marginalized.
    • Climate-smart solutions, sustainable ecosystems and resilient development for reduced vulnerability.

    South-South cooperation, gender equality and social inclusion are promoted across the pillars. The UNDP country programme is supported by a framework of renewed partnerships and blended finance solutions, strategic innovation and accelerator labs, and data and digital architecture.

    You are invited to join a team of future-smart development professionals to support India in achieving the national and globally agreed goals. As part of the UNDP team, your focus will be to work with diverse stakeholders to find country-specific solutions that lead to sustainable development and reach those furthest behind first.

    Duties And Responsibilities
    The Coalition for Disaster Resilient Infrastructure (CDRI) is a global multi-stakeholder partnership that aims to build resilience into infrastructure systems to ensure sustainable development. The Infrastructure Resilience Accelerator Fund (IRAF) is the Multi Partner Trust Fund established with the support of the United Nations to implement the vision and strategic workplan of the Coalition. The key functions of the Fund are to mobilize and channel resources for CDRI's work plans, and to promote coordination, alignment and coherence around common programmatic priorities. The Fund is meant to support: countries' institutional capacity building and policy development; research and knowledge management; and academic programmes.

    The IRAF Multi Partner Trust Fund is supported by a Fund Management Unit (FMU) hosted at the CDRI Secretariat based in New Delhi, India and supported by the United Nations Development Programme (UNDP) Geneva Office. The Fund Management Unit is responsible for supporting the implementation of the Fund mandate and the application of the Fund policies. The Fund Management Unit fulfills four main functions: Programme design; Programme implementation; Fund Operations; and Fund portfolio oversight, monitoring and evaluation. The Fund Management Unit is composed of two sub-units: the Administrative Unit and the Technical Unit.

    As part of its support to the Fund Management Unit, UNDP is looking for a dynamic professional for the position of Specialist – Operations, Risk Management and Oversight. The position of Operations Management Specialist is critical to support Fund programme implementation (due diligence, risk management), Fund portfolio oversight (risk management and complaints mechanism) and Fund Operations (finance reporting, information management, policy development, capacity building). The Risk Management & Operations Specialist will be recruited by UNDP to be part of the Administrative Unit and work under the direct supervision of UNDP Head of the Administrative Unit. The Specialist – Operations, Risk Management and Oversight will be based in Delhi, India with the Fund Management Unit hosted by the CDRI Secretariat, with occasional international travel.

    Direct Reporting To: Fund Management Unit – Head Administrative Unit

    Thematic Responsibilities
    Under the guidance and direct supervision of the UNDP Head of Fund Management Unit Administrative unit, the incumbent provides overall support to the functions of the CDRI IRAF Fund Management Unit as needed, and has the responsibility for the following tasks:

    • Programme implementation: due diligence applications, project appraisal, financial oversight
    • Fund finance, budget quality and compliance review, monitoring of cash flow, delivery reports
    • Capacity building on operations policies and process development for Fund Operations
    • Fund information management and quality control of Fund Management Platform (FMP) content
    • Risk management, audit and complaints mechanism

    The Key Responsibilities Will Be Around
    Programme implementation: Accreditation & Calls for Proposals

    • Oversee accreditation of IRAF Fund recipient organizations including the completion of UN Harmonized Approach to Cash Transfers (HACT) micro assessment, and the completion of the prevention of sexual exploitation, abuse and harassment (SEAH) risk assessment; Consolidate HACT & SEAH findings.
    • Support calls for proposals selection process including review of budget and procurement plans, completeness check of documentation;
    • Guidance to applicants on digital project proposal creation, PRODOC revision and signing; bi-annual on- line financial reporting, on-line reporting on progress, risks and issues.

    Risk management, audit and complaints mechanism

    • Support implementation of prevention and mitigation measures and update the Fund risk management dashboard monthly.
    • Support the management of the Fund complaints mechanism: register any complaint and follow up on status and response to the complaint and prepare status updates for the Head of the FMU Administrative Unit to submit to the Trust Fund Management Committee.
    • Participate in project quarterly reviews with a focus on risk management.
    • Consolidate the project risk assessment on a quarterly basis to prepare quarterly updates for CDRI and the TFMC Co-Chairs.
    • Review findings of project audit reports consolidated by the Administrative Agent.

    IRAF Finance: Budget quality and compliance review, monitoring and reporting

    • Monitor IRAF programme delivery at global, regional and country level, prepare quarterly provisional delivery reports and respond to queries on programme and project delivery.
    • Suggest and develop adequate data visualization to monitor and showcase financial and budgetary analysis of the IRAF programme portfolio that facilitates understanding and oversight of the Fund status, patterns and trends.
    • Support the systematic monitoring of cash flow and planning needs to anticipate cash shortages within programs and projects.
    • Oversee IRAF programme budget including detailed review and monitoring of global, regional and country project budgets, ensuring compliance as needed.
    • Monitor Fund disbursement to programs and projects based on results and spending, in line with TFMC decisions and in compliance with Manual of Operations.
    • Manage budget of UNDP Fund Management Unit project.

    IRAF Operations process and capacity building

    • Research Fund operations innovations (performance-based payments, government access, intellectual property rights) to advise CDRI and Trust Fund Management Committee Co-Chairs.
    • Support the adaptation and development of CDRI policies and procedures to transition to a CDRI administered Fund.
    • Provide inputs to continuously update the Fund Manual of Operations, procedures and policies, SOPs
    • Serve as a resource for CDRI Secretariat personnel and Participating Organizations/grantees on Fund policies and templates, and Information Management System.
    • Support to align CDRI procurement, HR and finance policies and systems with HACT and PSEAH requirement.
    • Support the design and organization of regular training for programme & project teams on Fund policies and templates.
    • Support procurement processes, when required, for specific IRAF activities under UNDP project, including advice on best procurement and contracting modality, follow up on contracting and delivery of services, working closely with the IRAF administrative and finance assistant.
    • Support the CDRI IRAF HR recruitment processes, when needed.

    Fund Management Information system support

    • Establish and maintain a secure information management and archiving system for IRAF on CDRI platform accessible to CDRI personnel & IRAF partners.
    • Develop and execute an internal protocol for populating and ensuring quality control of information on the IRAF Fund Management Platform portal FMP, identify and solve accessibility issues for NUNOs/PUNOs and facilitate training for NUNOs/PUNOs when required; Maintain the information, data, and analysis up to date with the support of IRAF Administrative and Finance assistant.
    • Identify gaps in functionality needs, and propose options for add-on functionalities, including for data visualization, to the Fund Management Platform portal as well as the CDRI information management platform.

    The incumbent performs other duties within their functional profile as deemed necessary for the efficient functioning of the Office and the Organization.

    Competencies
    Core Competencies

    • Achieve Results: LEVEL 3: Set and align challenging, achievable objectives for multiple projects, have lasting impact
    • Think Innovatively: LEVEL 3: Proactively mitigate potential risks, develop new ideas to solve complex problems
    • Learn Continuously: LEVEL 3: Create and act on opportunities to expand horizons, diversify experiences
    • Adapt with Agility: LEVEL 3: Proactively initiate and champion change, manage multiple competing demands
    • Act with Determination: LEVEL 3: Think beyond immediate task/barriers and take action to achieve greater results
    • Engage and Partner: LEVEL 3: Political savvy, navigate complex landscape, champion inter- agency collaboration
    • Enable Diversity and Inclusion: LEVEL 3: Appreciate benefits of diverse workforce and champion inclusivity

    Cross-Functional & Technical competencies

    Audit and investigation

    • Financial and managerial Accounting - Key concepts and principles of financial accounting, interpret financial analysis, managerial accounting etc.

    Digital & Innovation

    • Data analysis - Ability to extract, analyse and visualize data (including Real-Time Data) to form meaningful insights and aid effective decision making

    Finance

    • Budget management - Ability to support budgetary aspects of work planning processes; drawing and management of team budgets.
    • Financial communication and impact - Ability to report financial information clearly to non-finance leaders, including to various governing bodies such as the Executive Board. Willingness to make, communicate and implement difficult decisions based on accurate evidence and reflecting varied advice/viewpoints. Understands how to clearly communicate sometimes complex financial information to others using easy-to-understand media and language. Challenges effectively and gives and receives constructive feedback. Negotiates effectively to ensure optimum balance between best outcomes and best value for public funds.
    • Due diligence management - Ability to conduct a comprehensive appraisal of an organization or opportunity to be undertaken by a prospective investor or partner, especially to establish its assets and liabilities, as well as evaluate the potential opportunity and its related risks; knowledge of respective methodology and tools

    Procurement

    • Contract management - Knowledge of contract management concepts, principles and methods, and ability to apply this to strategic and/or practical situations

    Business Direction & Strategy

    • System Thinking - Ability to use objective problem analysis and judgement to understand how interrelated elements coexist within an overall process or system, and to consider how altering one element can impact on other parts of the system.

    Education
    Required Skills and Experience

    • Advanced university degree (master's degree or equivalent) in finance, law, business or public administration, or other relevant field is required, or
    • A first-level university degree (bachelor's degree) in the areas mentioned above in combination with an additional two years of qualifying experience will be given due consideration in lieu of the advanced university degree.

    Experience

    • A minimum of 5 years (with Master's degree) or 7 years (with Bachelor's degree) of experience in overseeing the financial management and operations of large programmes, preferably in the United Nations, bilateral or multilateral development cooperations agencies, or multilateral banks.
    • Demonstrated extensive experience with development project implementation, operations and finance, including project appraisal, risk management, audit and oversight is required.
    • Experience in the use of computers and office software packages (MS
    • Word, Excel, etc.) and advanced knowledge of web-based management systems such as ERP
    • Demonstrated extensive experience with development project implementation, operations and finance, including project appraisal, risk management, audit and oversight is required.
    • Demonstrated experience in using and maintaining complex organization information management systems.
    • Demonstrated experience in managing projects in fragile and/or high fiduciary risk context is highly desirable.
    • Experience of exposure with Vertical Funds such as GEF, GCF, Adaptation Fund, Global Fund and their programming/operational processes.
    • Proven expertise in due diligence and fiduciary risk control and oversight including for international multilateral organizations.
    • Proven expertise in financial management, budget oversight and reporting, including for international donor agencies.
    • Demonstrated understanding/experience and familiarity with international procurement processes, rules and regulations.
    • Demonstrated understanding/experience and familiarity with information technology applications to organization information systems, including e- document management, and to project management.
    • Demonstrated ability/experience to research best practices with the view to generate new ideas and approaches, and propose new, more effective ways of doing things, contributing to an environment of creativity and innovation.
    • Demonstrated ability/experience to share knowledge across the organization and build a culture of knowledge sharing and learning.
    • Demonstrated ability/experience to establish, build and sustain effective working relationships working in a diverse environment and communicate sensitively.

    Required Languages

    • Fluency in English and Hindi is required.
    • Knowledge of Spanish and/or French would be an asset.

    Equal opportunity
    As an equal opportunity employer, UNDP values diversity as an expression of the multiplicity of nations and cultures where we operate and, as such, we encourage qualified applicants from all backgrounds to apply for roles in the organization. Our employment decisions are based on merit and suitability for the role, without discrimination.

    UNDP is also committed to creating an inclusive workplace where all personnel are empowered to contribute to our mission, are valued, can thrive, and benefit from career opportunities that are open to all.

    Sexual harassment, exploitation, and abuse of authority
    UNDP does not tolerate harassment, sexual harassment, exploitation, discrimination and abuse of authority. All selected candidates, therefore, undergo relevant checks and are expected to adhere to the respective standards and principles.

    Right to select multiple candidates
    UNDP reserves the right to select one or more candidates from this vacancy announcement. We may also retain applications and consider candidates applying to this post for other similar positions with UNDP at the same grade level and with similar job description, experience and educational requirements.

    Scam alert
    UNDP does not charge a fee at any stage of its recruitment process. For further information, please see

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