Lead, Fraud Risk Management

We are currently looking of a Lead, Fraud Risk Management to be the first line of defense for the Bank. Your major responsibility is to identify potential fraud cases and conduct investigations.

  • Ensure the Fraud Risk Management (FRM) framework is effectively embedded and communicated across different functions in the bank.
  • Ensure all FRM policies and standards and procedures in the bank comply with industry best practices. Ensure proper and updated documentation are in pace for the bank.
  • Identify and share industry best fraud risk infrastructure and management practices for consideration and adoption within the bank.
  • Support and provide input Fraud Operations and other 1st line of defenses for developing proper operational model and shaping strategic to balance fraud risk and business growth.
  • Continuously evaluate fraud risk and provide inputs to the Head of Fraud Risk Management in 2nd line and to risk committees, escalate any area of concern timely and ensure fraud risk is managed effectively.
  • Provide advisory support to 1st Line of Defense in fraud risk identification and assessment, control design, control effectiveness review covering internal fraud and external fraud risk.
  • Act quickly and decisively when any risk and control weakness become apparent and ensure they are addressed within an appropriate timeframe and escalated through the relevant committees.
  • Recommend changes to the process control environment or to business practices, where necessary, to mitigate fraud risk and such exposure is within agreed appetite.
  • Develop a collaborative relationship with regulators, peer banks and fraud risk industry forums to help detect and mitigate fraud.
  • Accountable for satisfactory closure of issues / gaps arising from Internal Audits, peer reviews and regulatory reviews for the bank.
  • Provide oversight across fraud risk management team, ensuring compliance with the highest standards of regulatory and business conduct and compliance practices as defined by internal and external requirements.
  • This role also help to support the design and maintain risk control parameters across Retail Credit Risk including policies, standard, risk exposure limits and other control levers to maintain the credit risk profile.
  • Obtain assurance regarding the effectiveness of credit controls and compliance with internal guideline, application laws & regulation.
  • Implement risk-related capabilities to deliver strategic aspirations and needs for proper credit risk management. 
  • Solid experience in fraud risk management and capability to identify, assess, monitor, control, and mitigate fraud risk in banking industry.
  • In depth knowledge about threat landscape around digital banking channels, payment systems and card systems.
  • Strong leadership capabilities and management skills, with the ability to collaborate with different functions in the bank including business, operation, technical teams.
  • Strong written/ oral communication and influencing skills to create effective work relationships within and across functions.
  • Awareness and understanding of the regulations in which the bank operates.
  • Awareness and understanding of the banks business and that of peers in the industry.