Director Fraud Risk (Head Transaction Fraud)

The Role Responsibilities

Strategy

The Director Fraud Risk (Head Transaction 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 fraud risks associated with the client servicing & transaction journey covering all aspects of transactional fraud & fraud surveillance. The role reports directly to the Head Fraud Risk, Retail, Private Banking & Wealth Management. The successful candidate is required to:

• Have a strong understanding of operating in a second line capacity within a Fraud Risk Management organisation,
• Respond flexibly and collaboratively to evolving business, regulatory and threat requirements.

Business

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

Processes

The major functional activities that this role will lead and manage are:

• Delegation of Authority from the Head, Fraud Risk for Fraud risk management engagement with business lines;
• Overseeing and challenging 1st line Fraud risk proposals and risk-taking activities;
• Intervening in 1st line activities if they are not in line with existing or adjusted Risk Appetite;
• Promoting a healthy Fraud risk culture and good conduct within the business lines.
• Providing governance and oversight over the implementation of Fraud-related policies and procedures/standarards and to stress compliance with such policies and procedures/standards

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.
• Maintain oversight of risk mitigating action plans

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 transactional fraud & surveillance 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.

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