Fraud Prevention Manager
The Global Private Banking (GPB) Risk team is focal point for the prevention, detection and analysis of all types of fraud within the Private Bank. Fraud Prevention provides Senior Management with details of GPB’s efforts to detect and minimize fraud against the Bank and our customers. Weaknesses identified in management and control processes are reported upon, along with the provision of recommendations to limit future potential losses.
The Fraud Prevention Manager will provide key support to GPB Fraud Risk team in terms of the following key issues:
- Training front office staff on fraud risk issues affecting GPB business globally
- Creating a fraud reporting structure within GPB
- Preparing relevant alert notifications for fraud attempts, including detailed monthly updates for SFR GPB management
- Assisting with the development of Detica, a new system (fraud / financial crime risk tool) which will be specifically tailored for early detection of GPB fraud risk issues as well as for ongoing fraud risk mitigation
- Overseeing CAF (Concept Against Fraud) analysts to ensure quality control
- Working to create a GPB Financial Intelligence Unit
- Ensuring systems are fully functional, integrated and bespoke for GPB fraud risk’s needs
- Enhancing knowledge of fraud risk issues through the provision of consistent training
- Fully apprise business and GPB Risk of ongoing developments (controls / systems) and any ad hoc investigations
- To develop and implement fraud risk training to first line of defense across GPB sites
- Help develop and integrate a state of the art financial crime / fraud detection tool across GPB
- To enhance knowledge and expertise in order to respond to new and emerging fraud risks
- To embrace technologies to further enhance detection and analytical skills
- Work with the respective businesses to raise awareness and early reporting of attempted fraud
Requirements
- Experience in a similar Fraud Prevention role
- Experience overseeing the development of fraud risk technology
- Ability to exercise analytical and judgemental skills in assessing fraud cases
- Sound judgement and rigorous attention to detail, processes and controls
- Strong decision-making skills and the ability to provide concise reporting to senior management
- Knowledge of fraud and financial crime methodologies, tools and systems a plus
- Previous experience with first and second line of defence activities within banking or financial services an advantage
- Ability to both operate independently and play a key contributing role as part of a broader team
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