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.
Requirements
Requirements: Bachelor Degree - .
- IOR – Institute of Operational RiskCFE – Certified Fraud Examiner
Minimum of 5 years experience in Operational and/or Fraud Risk management in an established financial services institution.
Good knowledge of Incident Management and with strong understanding on fraud and internal compliance breaches matter.
Able to provide guidance and advisory to business on fraud related matter.