Your newpany
One of the largest banks in the world, with a significant presence in the global market, is currently looking for a Fraud Management Specialist to join their brand-new FCC department as an Associate VP. The bank is known for its comprehensive financial services and a strong international network. They have a diverse business model that includes a variety of financial products and services, catering to both individual and corporate clients.
The successful candidate for the Fraud Specialist role will be welcomed into a vibrant and diverse cultural environment, working alongside highly respected and high-caliber individuals. This position offers the unique opportunity to help build out a new function within the bank, contributing to the development and implementation of cutting-edge fraud prevention strategies.
Your new role
The Fraud Specialist role is a key position within the bank’s first line of defence, playing a crucial part in the overall integrity and security of the institution. The responsibilities for this role include:
1. Customer Due Diligence (CDD): Conducting thorough background checks and verifying customer information to prevent fraudulent activities.
2. Fraud Prevention: Implementing strategies and systems to detect and prevent fraudulent transactions.
3. Sanctions Screening: Ensuring compliance with global sanctions by screening customers and transactions against watchlists.
4. Transaction Monitoring: Continuously monitoring customer transactions to identify and investigate suspicious activities.
5. Centralized Fraud Prevention: Managing a centralised system for fraud prevention across the bank’s operations.
6. Risk Management: Assessing and mitigating financial risks related to fraud.
7. Management Information (MI) Reports: Producing detailed reports that provide insights into fraud trends, risks, and prevention measures.
8. Case Escalation: Escalating high-risk or complex fraud cases to the appropriate departments or authorities.
9. Investigations: Conducting in-depth investigations into escalated cases to uncover and address the root cause of fraud.
What you'll need to succeed
The ideal candidate for the Fraud Specialist role will possess a robust combination of qualifications, experience, and knowledge in the following areas:
1. Fraud-Related Certification: Holding professional certifications related to fraud detection, prevention, and management.
2. Banking Operations Experience: Demonstrating a solid background in banking operations, with a clear understanding of the inner workings of retail and wholesale banking environments.
3. Fraud Risk Management Experience: Having hands-on experience in fraud risk management, with a proven track record of effectively managing and mitigating fraud risks.
4. Regulatory Knowledge: Being well-versed in PSD2, PSR, and other payments regulations, as well as AML/CTF legislative requirements, ensuring compliance in all fraud-related activities.
5. Analytical Skills: Exhibiting strong analytical abilities to scrutinise data and identify patterns indicative of fraudulent behaviour.
6. Communication Skills: Possessing excellent communication skills to articulate findings, escalate cases, and collaborate with teams across the bank.
What you'll get in return
The chosen Fraud Specialist will join a dynamic, multicultural team of esteemed professionals to pioneer a new department within the bank. They’ll have the chance for career growth, enjoy excellent benefits, and work flexibly with a hybrid schedule, fostering both professional development and personal well-being.
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