Fraud Risk Specialist – North West or South East

Fraud Risk Specialist – North West or South East

Basic up to £51,500 plus bonus and benefits.

An excellent opportunity has arisen for an experienced Fraud Risk Specialist within a leading UK Challenger Bank.

The successful candidate will report directly to the Head of Financial Crime and be responsible for developing and maintaining the Bank’s fraud policies and procedures (Control Requirements/Standards), ensuring that they proportionately reflect all current regulatory requirements, and that they are communicated effectively across the business.

Key Responsibilities:

• Provide technical input and challenge into the various business areas’ creation of their business operating procedures, to ensure they comply with regulatory and legislative requirements in line with Bank policy and procedures.
• Support the maintenance of the Financial Crime Risk Framework, including providing fraud subject matter input into the drafting of the annual Financial Crime Risk Framework Effectiveness review, and the Financial Crime Business Risk Assessment document.
• Provide bank-wide guidance, challenge, and support for all matters relating to the requirements of the Fraud Act, relevant FCA rules (SYSC), and industry guidance and best practice, in order to protect the Bank from all fraud related losses and to ensure the Bank conducts its activities in accordance with regulatory expectations.
• Work collaboratively with key stakeholders throughout the Bank to ensure there are appropriate controls to identify, manage and remediate internal fraud risks and issues.
• Provide support for financial crime systems and analytics activities, as directed by the Systems & Analytics Oversight Manager, including creation of the monthly MI, reporting, and analytics for governance committees and forums.
• Provide technical input and support for the strategic development of the Bank’s anti-fraud systems (e.g. Hunter, CIFAS), to ensure that alert outputs are optimized.
• Actively support bank-wide projects and other change initiatives with technical input and guidance, and take responsibility for managing project workstreams where appropriate.
• Support the Head of Financial Crime to embed a strong anti-financial crime culture across the Bank, to ensure that issues are escalated and cascaded appropriately and that key risks are identified, assessed and mitigated.
• Work with management and staff across all relevant lines of business to ensure they understand their anti-financial crime responsibilities, and complete regular refresher training and awareness sessions as required.
• Undertake and support reviews and reporting in relation to fraud (internal and external) related activities and processes, and support business areas in the design of mitigating activity.

Key Requirements:

• In depth subject matter expertise gained through several years of working in an anti-financial crime (particularly fraud) business area, within a financial institution.
• Knowledge and understanding of the three lines of defence risk management framework model.
• Experienced in writing and maintaining policies and procedures, and an ability to effectively communicate the requirements to appropriate stakeholders.
• Strong organisational skills.
• Self-motivated with good attention to detail.
• Commercial awareness with good judgement and decision making skills.
• Ability to prepare and present training material to enhance business areas’ knowledge and/or improve decision making.
• Strong financial crime systems knowledge and an ability to test functionality.
• Analytical skills to identify trends and risks, and strong report writing skills to ensure findings are communicated effectively.
• Well-developed challenging and influencing skills.