Associate Vice President - Special Investigation Unit

Tata AIA Life Insurance; Mumbai; On-site; INR 2,500,000 - 3,500,000; Full time

Benefits offered by this job

Dynamic career growth opportunities

Supportive work environment

Recognition as a great place to work

Job summary

A leading life insurance provider is seeking an Associate Vice President for its Fraud Monitoring Unit in Mumbai. This role involves leading complex fraud investigations, managing relationships with external stakeholders, and applying advanced forensic audit capabilities. Candidates should have 15+ years of experience, including 10 years in fraud management or forensic auditing. A Bachelor's degree and professional certifications like CFE are essential. This position offers opportunities for dynamic career growth in a supportive environment.

Qualifications

• 15+ years of overall experience with 10 years in forensic audits or fraud management.
• At least 5 years in leadership roles.
• Strong knowledge of life insurance operations and regulatory frameworks.

Responsibilities

• Direct investigations into suspected fraud cases with thorough documentation.
• Collaborate with internal audit and compliance teams.
• Lead forensic audits across life insurance operations.

Skills

Forensic audit capabilities

Digital data analytics

Stakeholder management

Fraud risk management

Communication skills

Education

Bachelor’s degree in Accounting, Finance, Law, Criminology, or related field

Advanced degree preferred

Professional certification as CFE

Certifications in CISA, CPA, CAMS, or CFA

Tools

Digital forensic tools

Data analytics software

Audit methodologies

Job description

Join Tata AIA Life Insurance, a leading and fastest-growing life insurance provider in India, established in 2001 as a joint venture between Tata Sons Pvt. Ltd. and AIA Group Ltd. Our company embodies a legacy of trust, integrity, and excellence, combining Tata's esteemed leadership with AIA's extensive pan-Asian expertise. At Tata AIA, our vision is to be the pre-eminent protection provider enabling dreams and inspiring healthier, happier lives.

We foster a culture of innovation, inclusivity, and continuous learning, offering dynamic career growth opportunities and a supportive work environment. Recognized as a 'Great Place to Work' and recipient of the Kincentric Best Employer Award, we are committed to employee satisfaction and holistic well-being. Our core value, 'People - Our Core,' emphasizes our dedication to inspiring our employees to be and deliver their very best. Our aim is to develop highly capable leaders who are just, fair, ethical, and accountable for their actions. We strive to provide our employees with the right training, technology, equipment, resources, and guidance to perform their job effectively. Our promise to you is to provide for a diverse, equitable, and inclusive work environment, where each employee is valued as an individual and treated with respect, care, and compassion.

Fuel your future with us, find your wings, and S.O.A.R. – Shape opportunities, Optimize your potential, Accomplish meaningful work, and Reap holistic growth.

A Position Overview

Position Title

Department

Level/ Band

Associate Vice President

Role Summary:

We are seeking a seasoned Forensic Specialists to be part of the Fraud Monitoring Unit to handle investigation of complex frauds. This role demands cross-industry expertise, advanced forensic audit capabilities (including digital data analytics), and the ability to engage effectively with external stakeholders such as enforcement agencies, hospitals, distributors, and regulators. The successful candidate will play a critical role in strengthening fraud resilience, ensuring compliance, and protecting organizational integrity.

B Organizational Relationships

Reports To

Head – Market Conduct

1-2 member

C Job Dimensions

Geographic Area Covered

HO

Stakeholders Internal

External

D Key Result Areas

• Direct complex investigations into suspected fraud cases, ensuring thorough documentation and evidence preservation.
• Collaborate with internal audit, compliance, and legal teams to drive resolution and recommend corrective actions.
• Present findings to senior leadership with actionable insights for fraud prevention.

Forensic Audits & Digital Data Analysis

• Lead forensic audits across life insurance operations, focusing on claims, underwriting, and distribution channels.
• Utilize advanced digital forensic tools to analyze structured and unstructured data, detect anomalies, and identify fraud patterns.
• Conduct deep-dive audits into digital records, transaction logs, and communication trails to uncover hidden fraud risks.
• Develop and maintain digital evidence protocols to ensure admissibility in regulatory or legal proceedings.
• Be proactive and use analytical capabilities to find concentrations and investigate any concerns noted.

External Stakeholder Engagement

• Manage high-level meetings and collaborations with enforcement agencies, hospitals, distributors, and other external stakeholders.
• Build strong networks with regulators, law enforcement, and industry associations to share intelligence and strengthen fraud deterrence.
• Act as the company’s representative in external forums, investigations, and cross-industry fraud prevention initiatives.

Cross-Industry Expertise

• Apply fraud management practices from banking, healthcare, fintech, and other industries to enhance insurance fraud detection frameworks.
• Benchmark and implement best practices in forensic auditing and fraud risk management.
• Provide strategic direction to the Fraud Management Unit, mentoring junior investigators and auditors.
• Drive continuous improvement in fraud detection methodologies, leveraging technology and analytics.
• Develop fraud risk assessment models tailored to life insurance products and services.

Reporting & Compliance

• Prepare detailed forensic audit reports for senior management, regulators, and legal proceedings.
• Ensure compliance with regulatory requirements, industry standards, and company policies.
• Maintain confidentiality and integrity in all investigative processes.

E Skills Required

Technical

• Bachelor’s degree in Accounting, Finance, Law, Criminology, or related field; advanced degree preferred.
• Professional certifications such as CFE (Certified Fraud Examiner) or a recognised institution is a must.
• Professional certifications is CISA, CPA, CAMS, or CFA highly desirable.
• Overall experience of 15+ years with minimum 10 years of experience in forensic audits, fraud management, or risk management with at least 5 years in leadership roles.
• Proven cross-industry experience (e.NBFC / Banking, healthcare, fintech, Insurance).
• Strong knowledge of life insurance operations, fraud typologies, and regulatory frameworks.
• Expertise in digital forensic tools, data analytics, and audit methodologies.
• Exceptional communication and stakeholder management skills.

Behavioral *

Strategic fraud risk thinking

Teamwork Skills

Relationship Building skills

Qualification

Graduate

Forensic course or Certified Fraud Examiner (CFE)

CA / MBA

Experience

15–20 years of experience in fraud risk, investigations, forensic accounting, or internal audit.