Vice President, Fraud & Investigation

Key Responsibilities

• Develop and maintain the Banks enterprise fraud risk management policy, guidelines and procedures.
• Undertake the second line of defense (2LoD) role in managing fraud risk including conducting periodic fraud risk assessments taking a risk-based approach.
• Develop a structured process for managing fraud risk identification, assessment, reporting, control and mitigation.
• Develop and provide training on fraud risk management and fraud prevention.
• As Subject Matter Expert (SME) to review and challenge the fraud risk assessment completed by BU/SU for new product/service or departmental review.
• Carry out thematic reviews and fraud risk analysis on fraud related controls against BU/SU activities, taking a risk-based approach in selection of controls and based on recent fraud trend.
• Carry out investigations on potential fraud committed against the bank and ensure compliance with internal and external guidelines and policies
• Capture lessons learnt and recommendations from fraud cases and emerging trends, and recommend control improvements to 1LoD.
• Keep abreast of the trends of fraud and common modus operandi in the industry and within the Bank. Identify and advise businesses on existing and emerging fraud risks.
• Work with Operational Risk to report the bankwide fraud KRIs and metrics in Operational Risk Committee.

Requirements

• Degree holder in law, finance, accounting, statistics, risk management or related disciplines
• Minimum 6 years hands-on experience in internal fraud prevention, fraud advisory, fraud analytics, fraud monitoring or investigation duties in the banking sector
• Experience in advising on fraud related matters, in particular, fraud risk assessment, fraud analytics and fraud monitoring, especially in digital products and channels
• Good understanding of fraud controls and relevant regulatory requirements
• Good command of written and spoken English, Chinese and Mandarin