Role Objective

The incumbent will assist in implementation of Bank wide fraud risk management framework and in facilitating fraud risk assessment. The incumbent will support in ensuring operational efficiency and effectiveness of fraud risk management processes/operations and initiatives/projects by utilizing appropriate tools and techniques and will assist in the implementation of the outcome of the fraud risk assessments across all Business Units/Operational functions.

Detailed Roles and Responsibilities

• Perform all activities, as assigned by the Senior Fraud Analyst and Section Head – Operational Risk, in compliance with local/ foreign regulations and approved Internal policies and procedures of the bank.
• Support in development and review of fraud risk management policies, and procedures, in line with the Bank wide Risk management governance framework.
• Assist in developing fraud prevention and detection plans, identify and track Key Risk Indicators (KRIs), risk appetites and tolerance levels related to fraud risk.
• Work closely with the respective stakeholders in the identification & implementation of cost-effective fraud prevention, detection and response (investigation and remediation), mechanisms & controls to minimize risk exposure.
• Ensure that fraud risk framework and policies meet regulatory requirements in relation to Fraud Risk Management.
• Work closely with the internal and external stakeholders in assessment of business initiatives, new tools, products and/or or significant processes to enhance fraud risk prevention.
• Prepare and share Fraud Risk Assessment results to the Senior Analyst and/or Section Head, as applicable.
• Continuously research and keep abreast of the current and emerging fraud risk patterns, techniques, methodologies and trends promptly to relevant stakeholders in line with the established policies and procedures.
• Assist in the implementation of robust, cost effective and efficient fraud management operation platform, encompassing best practices in fraud management to protect the businesses reputation, revenues, and operations.
• Analyze and provide advice/guidance to the internal stakeholders on revisions to the process/ practice/procedure controls environment, as applicable, to lessen the fraud risk exposure within the approved risk appetite.
• Support whistleblowing & sound ethical culture in support Fraud Risk Management framework.
• Update oneself on and provide awareness of assurance reporting and new trends in relation to Fraud Risk to the Senior Analyst/Section Head.
• Assist in reviewing opportunities/ standards to improve Anti-Fraud controls and reduce impact / likelihood of Fraud risk, with adequate guidance from the Senior Analyst/Section Head – Operational Risk.
• Perform fraud investigations, and review case reports, as assigned, in relation to inquiries.
• Provide timely and accurate information to the external and internal auditors and the Compliance function, as and when assigned.
• Maintain an understanding of all pertinent regulations as well as leading practices pertaining to the overall operations of the section.

Education, Experience and Skills Required:

• University graduate with a degree in Business or Banking or Finance or any other related discipline.
• Master’s degree in related discipline will be an added advantage.
• 05-08 years of total experience in financial services/banking industry, entailing responsibilities pertaining to the specific area of discipline.
• Significant experience in fraud risk assessment, and governance

Certifications:

• Professional certification/ qualification such as CFCI, CAMS or CFE is mandatory