Risk & Fraud Analytics
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Risk & Fraud Analytics
  • Procurement Fraud Analytics

    Fraud in procurement has existed for centuries and organizations of all sizes and across industries grapple with serious irregularities. While the risk can never be fully eliminated, a procurement analyst or a company can enlist help to leverage advanced analytics to implement controls that limit the likelihood of these occurring.

    Procurement fraud stretches across different types of activities, such as falsification or magnification of a need for a product or service, an RFP drafted to favor a vendor, splitting the purchase to fall within thresholds, favoritism by issue a contract on a party nomination basis, There could be instances of collusion with procurement functions in ways that compromise the fairness of the procurement process resulting in higher contract costs.

    A procurement analyst can lean on advanced analytics techniques such as Data Mining, Text Mining, Anomaly Detection, and Network Analysis to arrest or reduce the incidence of this damaging flavor of fraud.
    1. Our experts can help with:
    2. Flagging suspicious transactions that might go undetected.
    3. Determining the possibility of split purchase orders, duplicate payments etc.
    4. Indentifying possible buyer-vendor collusions.
    5. Addressing inefficiencies in the procurement process by identifying differential pricing for similar items.
    6. Leveraging predictive modeling to identify attributes or patterns that are correlated with known fraud.
Risk & Fraud Analytics Expert
Related Work
Fixed Price - Est. Time: 12 months,

We are looking for resources with following criteria.

Number of Positions: 5

Skills:

  • He / She  must have expertise in implementing Big Data Analytics project with a minimum 5 years of relevant experience and having B. Tech or equivalent educational qualification.
  • Who can guide and lead the existing team.
  • Who can set up Analytics process which includes:
    • Define the Goal
    • Breaking down Actions
    • Matching the data to the Actions
    • Identification of Analysis needs to be done
  • Who can build, develop and maintain data models, reporting systems, data automation systems, dashboards and performance metrics support that support key business decisions.
  • Who can design and build technical processes to address business issues.
  • Who can ensure accuracy of data and deliverables of reporting employees with comprehensive policies and processes.
  • Who can communicate results and business impacts of insight initiatives to stakeholders within and outside of the company.
  • Assisting the team leader in various other additional activities which includes – support and hand hold business users in User Acceptance Testing etc.
  • Have exposure of handling government client.

Location: Delhi NCR region.

Contract period: Min 6 months