Primary Objective:

• Strategize overall fraud risk management activities for the Group;
• Lead development and implementation of fraud risk management framework/policies/ guidelines for the Group;
• Provide analytical review and report on fraud trend/modus operandi and recommend appropriate fraud risk control/mitigations for the Group;
• Drive assessment & thematic review on effectiveness of fraud risk management for the Group;
• Coordinate cross business/function/entity fraud risk related matters/events for the Group;
• Develop and maintain effective rapport as key liaison with regulators and enforcement agencies;
• Drive and coordinate implementation of fraud risk awareness programs for the Group;
• Provide advisory on fraud risk perspective for new and existing product and process reviews to facilitate identification of potentially material fraud risks.
• Manage the overall BRO/BRCO programs to ensure its effectiveness.

Key Responsibilities:

• Ensure all material fraud risks incidents are managed comprehensively and highlighted to relevant senior management and Board committee(s) appropriately as an effective oversight of fraud risk for the Group;
• Lead discussion and knowledge sharing on fraud risk matters/events within the Group to continuously enhance fraud risk management capabilities;
• Provide an oversight to ensure that material fraud risks are identified, reported, monitored and managed with appropriate corrective and preventive actions taken in line with the Group’s fraud risk appetites;
• Active participation in review of proposed business fraud processes (new and changes) with focus on adherence to the Group policies and adequate identification of material fraud risks;
• Represent the Group and maintain a sound rapport with industry, regulators & enforcement agencies to ensure effective intelligence availability and support.
• Analyze and assess fraud data to identify fraud trends and M.O. and escalate potential high-risk fraud risks;
• Implement and maintain robust fraud risk awareness programs for the Group including to prepare and disseminate Awareness Bulletins and Fraud Alerts to staff highlighting and creating awareness on fraud cases;
• Coordinate cross business/function/entity fraud risk related matters/events to ensure the fraud incident is managed and mitigated comprehensively;
• Manage the overall BRO/BRCO program by ensuring periodic assessment of the BRO/BRCO capabilities and effectiveness; including setting and evaluating the Key Performance Indicators (KPIs), facilitation of training and engagement programs and conducting forums to discuss issues and improvement initiatives.