Your new company
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:
- Customer Due Diligence (CDD):
Conducting thorough background checks and verifying customer information to prevent fraudulent activities.
- Fraud Prevention:
Implementing strategies and systems to detect and prevent fraudulent transactions.
- Sanctions Screening:
Ensuring compliance with global sanctions by screening customers and transactions against watchlists.
- Transaction Monitoring:
Continuously monitoring customer transactions to identify and investigate suspicious activities.
- Centralized Fraud Prevention:
Managing a centralised system for fraud prevention across the bank's operations.
- Risk Management:
Assessing and mitigating financial risks related to fraud.
- Management Information (MI) Reports:
Producing detailed reports that provide insights into fraud trends, risks, and prevention measures.
- Case Escalation:
Escalating high-risk or complex fraud cases to the appropriate departments or authorities.
- 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:
- Fraud-Related Certification:
Holding professional certifications related to fraud detection, prevention, and management.
- Banking Operations Experience:
Demonstrating a solid background in banking operations, with a clear understanding of the inner workings of retail and wholesale banking environments.
- Fraud Risk Management Experience:
Having hands-on experience in fraud risk management, with a proven track record of effectively managing and mitigating fraud risks.
- 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.
- Analytical Skills:
Exhibiting strong analytical abilities to scrutinise data and identify patterns indicative of fraudulent behaviour.
- 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.
What you need to do now
If you're interested in this role, click 'apply now' to forward an up-to-date copy of your CV, or call us now.
If this job isn't quite right for you, but you are looking for a new position, please contact us for a confidential discussion about your career.
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