Head of Fraud Management

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Responsibilities

• As the first line of defense, responsible for execution of the Fraud Risk Management Framework, Policies & Procedures and Standard Operating Procedure that are applicable for the section.
• This position will be accountable to review fraud detection on transactions monitoring controls, investigations and develop strategy to improve the internal fraud monitoring capability.
• Responsible for leading the team to perform transaction fraud detection, monitoring & investigation functions.
• Optimize the use of technology to develop / tighten preventive controls to understand the new threat environment or modus operandi for the purpose of developing preventive action within the bank.
• Responsible for the management and smooth operations of transactions fraud detection, monitoring and investigations.
• Own the transaction fraud monitoring function and execute fraud management agenda in accordance with the Policy and Governance & Procedure to strengthen the transaction fraud monitoring controls within the organization.
• Ensure compliance with Fraud Policy and Governance & Procedure and Minimum Control Standards.
• Develop short term and long-term strategies that meet the expectations of all internal and external stakeholders focus on end-to-end fraud preventive measures.
• Independently or in partnership with other analysts, perform the fact-based analysis tied to potential opportunities or observed risks to derive relevant preventive control recommendations.
• Manage the fraud detection success rate and healthy False Positive Ratio.
• Review the existing controls based on fraud analyst detection / investigation outcome to make necessary changes in the process to prevent recurrence.
• Translate case analyst outcome into an easily understood report.
• Collate and submit the monthly fraud data reporting and investigation report accordingly.
• Analyze the current fraud trend and formulate adequate fraud deterrence strategy by updating the counter measures.

Fraud Investigations

Admin, Policy and Procedural

Note : Only shortlisted candidate will be notified.

Seniority level : Mid-Senior level

Employment type : Full-time

Job function : Strategy / Planning, Accounting / Auditing, and Analyst

Industries : Banking, Financial Services, and Investment Banking

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