Vice President, Fraud Risk Management - Wealth & Personal Banking
Salary undisclosed
Checking job availability...
Original
Simplified
- Develop Fraud Strategies in relation to Application and Transaction Fraud with a view to manage fraud losses in line with Country Risk Appetite
- Establishing public-private partnership particularly with law enforcement agencies MAS, peer banks and ABS to ensure sufficient coverage on fraud matters
- Providing SME support during product development and related Risk Forums
- Assisting with procedures that mitigates fraud risk during inception
- Provide oversight on Fraud Operations teams and addressing any outsourcing related requirements
- Provide advice to business & support groups on fraud queries
- Provide & support timely response to queries from external parties such as enforcement agencies
- Provide timely management reporting on fraud statistics & issues
- Provide initial and ongoing training to appropriate Business staff both onshore and offshore to ensure that they are aware of and are able to identify fraud risks
- Ensure that fraud controls recommended for implementation facilitate customers in transacting with the bank
- Provide guidance to junior team members on fraud management issues and administrative tasks
- Assist Head FM to develop junior team members and provide guidance in developing their skills
- Covering fellow executives’ duties where the need arises
- Manage Fraud Operations processes within expectations
- Good engagement with Fraud Analytics when developing monitoring strategies
- Lead process improvement to enhance operational effectiveness while ensuring controls are in place
- Degree in Accounting, Business or Cyber Security, with 5 - 10 years of experience in fraud management or cyber risk management
- Knowledgeable in banking procedures and practices, audit and regulatory requirements
- Good problem-solving, analytical and value judgement skills
- Excellent communication and interpersonal skills, and ability to interact and work with a wide spectrum of internal and external stakeholders
- Develop Fraud Strategies in relation to Application and Transaction Fraud with a view to manage fraud losses in line with Country Risk Appetite
- Establishing public-private partnership particularly with law enforcement agencies MAS, peer banks and ABS to ensure sufficient coverage on fraud matters
- Providing SME support during product development and related Risk Forums
- Assisting with procedures that mitigates fraud risk during inception
- Provide oversight on Fraud Operations teams and addressing any outsourcing related requirements
- Provide advice to business & support groups on fraud queries
- Provide & support timely response to queries from external parties such as enforcement agencies
- Provide timely management reporting on fraud statistics & issues
- Provide initial and ongoing training to appropriate Business staff both onshore and offshore to ensure that they are aware of and are able to identify fraud risks
- Ensure that fraud controls recommended for implementation facilitate customers in transacting with the bank
- Provide guidance to junior team members on fraud management issues and administrative tasks
- Assist Head FM to develop junior team members and provide guidance in developing their skills
- Covering fellow executives’ duties where the need arises
- Manage Fraud Operations processes within expectations
- Good engagement with Fraud Analytics when developing monitoring strategies
- Lead process improvement to enhance operational effectiveness while ensuring controls are in place
- Degree in Accounting, Business or Cyber Security, with 5 - 10 years of experience in fraud management or cyber risk management
- Knowledgeable in banking procedures and practices, audit and regulatory requirements
- Good problem-solving, analytical and value judgement skills
- Excellent communication and interpersonal skills, and ability to interact and work with a wide spectrum of internal and external stakeholders