Mohd Bilal Azmi
Summary
Knowledgeable Risk Manager equipped with strategic planning and program leadership abilities honed in Banking, Financial Services and Insurance industry environments. Establishes strong and successful policies to mitigate risk at each level and establish clear procedures for assessments, prevention and containment. Familiar with regulatory requirements to maintain strict controls.
Overview
9
9
years of professional experience
1
1
Certification
Work History
Senior Risk Manager
Niva Bupa Health Insurance
Gurgaon, India
12.2023 - Current
- Reduced operational risks by implementing robust risk management strategies and procedures.
- Enhanced risk identification processes for early detection and mitigation of potential threats.
- Improved company''s risk profile with comprehensive risk assessments and reporting mechanisms.
- Developed strong relationships with internal stakeholders, promoting a culture of risk awareness and accountability.
- Crafting comprehensive reports for Management and Board Risk Committee presentations. Preparing
Risk Management reports (RMR1, RMR2) to provide insightful information for strategic decision-making.
Risk Manager
Vidal Health Insurance TPA
Gurgaon, India
12.2020 - 11.2023
- Overseeing investigations for claims amounting to 1 Billion INR annually, achieving a robust
fraud detection rate of 5-7%. - Developing and maintaining 38 system triggers to scrutinize claims, prompt investigations, and bolster risk awareness through audits, training, and presentations.
- Diligently managing Operational, Business, and Financial Risk, encompassing the review and update of Risk registers, KRIs, Risk Appetite, and Heat Maps.
- Enhanced risk identification processes for early detection and mitigation of potential threats.
- Conducted thorough analysis of historical data, helping identify patterns and trends in potential risks.
- Streamlined communication channels between various departments, ensuring timely sharing of critical risk information.
- Crafting comprehensive reports for Management and Board Risk Committee presentations. Preparing
Fraud Management reports (FMR1, FMR2) to provide insightful information for strategic decision-making.
Assistant Risk Manager
Max Bupa Health Insurance Company
Gurgaon, India
06.2020 - 12.2020
- Diligently probing fraud complaints from employees, agents, and customers routinely.
- Analyzing data, systems, and processes for potential fraud indicators, generating crucial MIS reports and visual
data for management. Conducting comprehensive witness interviews to gather pivotal case information. - Utilizing SQL and Power BI to dissect extensive data for detecting irregular fraud patterns.
- Elevating both offline and online sales quality to align with evolving regulatory guidelines.
- Supervising Operational and Financial Risk within the Enterprise Risk Management framework under COSO
guidelines.
Assistant Risk Manager
Home Credit India Finance
Gurgaon, India
03.2017 - 07.2020
- Collaborated with cross-functional teams to develop and implement risk management strategies.
- Prevented fraud incidence of 150 Million INR, reducing false positives from 12% to 4%.
- Conducted in-depth AML analyses, leading fraud-related initiatives and providing litigation support. Conducting
Mystery Shopping activities, Offered training on audits, fraud prevention and initiated periodic reviews, revamped anti-bribery practices, and assessed financial records. - Proficient in SQL, advanced MS Excel, and Power BI for risk analysis and conducted system testing.
- Conducted concurrent audits, including CIBIL and POS underwriting audits, analyzing demographic data with Geo Mappings.
Senior Fraud Analyst
Quattro Processing Services
Gurgaon, India
04.2015 - 01.2017
- Reduced fraud losses by implementing advanced data analytics techniques and monitoring tools.
- Enhanced fraud detection capabilities through continuous improvement of risk models and decision systems.
- Collaborated with cross-functional teams to develop and implement comprehensive fraud prevention strategies.
- Improved case resolution times by streamlining investigation processes and optimizing resource allocation.
Education
MBA - Finance
Dr A P J Abdul Kalam University
Lucknow, India07.2014
Bachelors of Commerce - Finance
University of Delhi
Delhi, India07.2012
Skills
- Stress testing
- Audit Coordination
- Investment Analysis
- Compliance Monitoring
- Internal Controls
- Data Analytics
- Risk Mitigation
- Incident Response
- Information Security
- Operational risk management
- Vendor Risk Management
- Stakeholder Communication
- Enterprise risk management
Certification
- Certificate in Financial Risk Management
- Microsoft Power BI Master course
- SQL Bootcamp
- Forensic Questioned Document Examination
Projects
- Merger and Acquisition (Vidal Health acquire Vipul MedCorp) Developed new application with 38 automated
triggers for entity processing, merged risk budget, claims, and automated MIS reports, enabling smooth Risk
department operations.
- MSA- SWIFT (Investigation real time tool) Collaborated with Home Credit IT team to develop a Java-based
Investigation Real Time Application, TAT reduced to 5 days, team size reduced by 5, and Excel/email eliminated, saving
INR 2.5M annually.
- Project Unsuccessful Reduction Implemented strategies to control investigation unsuccessful rate, reducing it from
30% to 9%, saving 21% in operational costs.
Timeline
Senior Risk Manager
Niva Bupa Health Insurance
12.2023 - Current
Risk Manager
Vidal Health Insurance TPA
12.2020 - 11.2023
Assistant Risk Manager
Max Bupa Health Insurance Company
06.2020 - 12.2020
Assistant Risk Manager
Home Credit India Finance
03.2017 - 07.2020
Senior Fraud Analyst
Quattro Processing Services
04.2015 - 01.2017
MBA - Finance
Dr A P J Abdul Kalam University
Bachelors of Commerce - Finance
University of Delhi