AddressIn this role, you have the opportunity to : Develop and execute a comprehensive fraud and Risk Management strategy that aligns with the organization's objectives, risk appetite, and industry best practices
Responsibilities will include:
Functional Expertise :
- Identify and assess potential risks across all areas of the business, including financial, operational, and reputational risks. Conduct regular risk assessments to stay abreast of merging threats
- Implement fraud prevention measures and controls, utilizing advanced analytics, technology, and industry-leading tools to detect and mitigate fraudulent activities.
Problem Solving :
- Develop and maintain fraud prevention policies, procedures, and guidelines to promote adherence to best practices and regulatory requirements.
- Oversee and conduct fraud investigations when suspected fraudulent activities arise. - Ensure that all incidents are appropriately documented, reported, and resolved.
Interaction :
- Build and lead a high-performing team of fraud and Risk Management professionals. Provide clear direction, support, and mentoring to ensure the team's success.
- Collaborate with various departments, including finance, compliance, legal, and IT, to establish a coordinated approach to Risk Management and fraud prevention.
To succeed in the role :
Impact :
- Provide regular and ad-hoc reports to executive management and the Board of Directors on fraud and Risk Management activities, key performance indicators, and risk exposures.
Challenges & Decisions :
- Develop training programs and awareness campaigns for employees to enhance their understanding of fraud risks and promote a strong Risk Management culture throughout the organization.
Qualification & Experience (type & industry):
- Bachelor's degree in a relevant field such as Finance, Business Administration, Risk -Management, or a related discipline. A master's degree or relevant professional certifications (e.g., CFE, CFA, CRISC) is often preferred.
- Solid understanding of relevant laws, regulations, and compliance requirements related to fraud and Risk Management.
- Comprehensive knowledge of fraud detection techniques, data analysis, and risk assessment methodologies.
Experience: 8-10 yrs
- Proven experience in fraud prevention and Risk Management, with a track record of successfully leading a team in a similar role within a medium to large-sized organization.
- Strong understanding of financial products, services, and industry-specific risks.
