Regional Head of Fraud Risk
A well known Investment bank is looking to recruit for Regional Head of Fraud Risk to join the leadership team. The primary focus of the role will be to assist in the framework design and development of the Fraud Program including policies, procedures, processes, financial crime risk assessments and training within region; implementation of applicable corporate policies; and oversight of the end-to-end program.
Responsibilities:
•Responsible for developing, implementing and monitoring all aspects of the Fraud Program to ensure compliance with regional, national, agency, legal and regulatory requirements.
•Work with assigned business units and provide subject matter expertise and advice on projects, risk assessments and initiatives with moderate to high risk to identify, assess and mitigate legal and regulatory risk in all business activities.
•Develop testing strategies and methodologies; evaluate the adequacy and effectiveness of policy, programs, procedures, processes, initiatives, products and internal controls and identify issues resulting from internal and/or external compliance examinations.
•Consult with business to develop corrective action plans and effectively manage change to ensure regulatory compliance.
•Identify training opportunities; may design/coordinate the development of training materials and deliver training with particular focus on fraud risk.
•Horizon scanning for key legal, regulatory or industry developments and provides newsletters/briefing materials as required; attendance at relevant industry discussion groups.
•Report findings and draft recommendations to compliance risk and business line management.
•Coordinate production of periodic compliance performance reports for senior management, including trend analysis and recommended strategies.
•Coordinate site, agency or other examinations conducted by external parties.
•Working with HR Corporate Security as appropriate, assist in Regional internal and external fraud related investigations as required.
Skills:
•Prior experience working in a wholesale bank or financial in fraud compliance or risk management, including experience of developing policies, procedures, metrics and governance frameworks.
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