Anti-fraud manager – Retail Banking recruitment
Role descriptionThe Anti-Fraud and AML Manager will work as a member of the Operational Risk Management, Compliance and Corporate Governance team responsible for developing, implementing and validating fraud risk strategies to reduce losses across all business lines.
The Anti-Fraud and AML Manager will also be responsible for ensuring that the bank meets its regulatory obligations for identifying and reporting suspicious activities and for reducing the probability of the bank being used for the Laundering of illegal monies, the financing of terrorist activities and the breaching of international sanctions.
Establishing appropriate controls in the lending process and control validation with regular vigilance
Establish fraud triggers based on origination analytics, e.g. bulk sourcing from one employer, same sales officer/branch sourcing too many similar applications, too may applications with statements from same bank etc.
Establish effective credit card authorization parameters based on established transactions. Effective credit card blocking and reissue process monitoring.
Conduct sampling and checking of documents submitted for approval regularly to establish fraud and to educate evaluators to help them detect fraudulent applications e.g. font sizes, repetition of transactions, cheque serial numbers out of sequence, etc.
Review first payment defaults to establish any trend in customers availing a loan and defaulting first EMI onwards.
Review Branch procedures to ensure adequate preventative controls exist to ensure risk of fraudulent activities is minimized.
Review centralized functions (such as finance, operational, procurement) procedures and activities to ensure minimal opportunities for fraudulent activity.
Conduct fraud investigations in conjunction with Internal Audit and Operational Risk Management
Review anti-money laundering policies and procedures and ensure that all suspicious transactions identified are properly investigated and reported.
Develop and implement monitoring of customer accounts for money laundering and terrorist financing activities.
Develop and implement a training program to all bank staff covering money laundering, terrorist financing and fraudWho we're looking forQualifications/Certifications in areas such as fraud prevention, investigation techniques, fraud systems, criminology, employment law
Minimum 5 years proven fraud investigation experience in a retail banking environment.
Familiarity with Microsoft Office software
A clear understanding of AML / CTF and relevant UN, EU, OFAC etc. sanctions processes and procedures.
A clear understanding of retail banking and branch network processes