Standard  Chartered  Bank

Director Fraud Risk (Head Credit Fraud)

10 Sep 2019
29 Sep 2019
Standard Chartered
Approved employers
Approved employer
Job role
Contract type
Full time
Experience level
The Role Responsibilities


The Director Fraud Risk (Head Credit Fraud) is a permanent role that requires strong business acumen and deep knowledge and experience in the Fraud Risk domain for Retail, Private Banking & Wealth Management. The role will focus on the Credit (lending) Fraud risks associated with the client onboarding journey covering both 1st and 3rd party frauds. The role reports directly to the Head Fraud Risk, Retail, Private Banking & Wealth Management.


This position will ensure that the management of Fraud risk is operating effectively and efficiently within the Business. The role will also:

  • Provide assurance that Fraud risk is appropriately managed within the relevant Business.
  • Support the Head Fraud Risk, Retail, Private Banking & Wealth Management to effectively manage Fraud risk
Risk Management

  • Deliver the defined aspects of the Fraud Risk role to support the Group's Fraud risk management approach and objectives.
  • Ensure that the Fraud risk role is managed in accordance with the defined Fraud Risk Framework and associated Policy and Standards; and that issues are identified, escalated, and addressed as appropriate.
  • Work as part of a team or independently within the Fraud Risk domain in a professional and efficient manner, closely tracking deliverables and commitments.

Other Responsibilities

  • Establish strong relationships with team members & identified stakeholders across the business lines and understand their strategic goals, to ensure Fraud risk alignment.
  • Articulate the value of Fraud risk controls and their bottom line impact, regulatory and reputational cost to client-facing business lines.
  • Prepare, present and challenge in a 2nd line capacity at relevant risk committees, steering groups and cross-business opportunities.
  • Perform Delegation of Authority (DoA) responsibilities for Fraud Risk as defined for the business lines.
  • Measure efficient and effective management of Fraud risk for the business lines.
  • Validate the accuracy of KRI's and KCI's and other risk ratings, as well as process designs, to meet policy requirements.
  • Ensure that Process Owners are escalating risk, control, and process deficiencies appropriately in accordance with the relevant risk frameworks.

Our Ideal Candidate
  • Proven experience in a Fraud risk management, senior governance and policy, Fraud investigation, or audit role, preferably in the Fraud risk field domain
  • 12+ years of overall experience with 7+ years of experience in fraud risk in Retail Banking, Private Banking or Wealth Management
  • Experience in the retail credit & lending domain preferable.
  • Bachelor's Degree in Engineering, Criminology, Finance & Accounting, Law, Business Management, or other related discipline preferable
  • Graduate degree (Master's) and/or professional certifications have an advantage (e.g., CISA, CFE, CPA).
  • Thorough understanding of Banking business processes & products, risks, threats and internal controls.
  • Experience working in or with the financial services industry with keen understanding of business and operational environments.

Apply now to join the Bank for those with big career ambitions.

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