VP, Business Risk and Controls Management (BRCM) Anti-Fraud Adviser, Group

VP, Business Risk and Controls Management (BRCM) Anti-Fraud Adviser, Group Retail

Posting Date: 24 Jan 2025

Location: Singapore (City Area), SG, 048624

Company: United Overseas Bank Ltd

United Overseas Bank Limited (UOB) is a leading bank in Asia with a global network of more than 500 branches and offices in 19 countries and territories in Asia Pacific, Europe and North America. Our history spans more than 80 years, guided by our values - Honorable, Enterprising, United and Committed.

The Transformation & COO Office enables the achievement of business goals across the 3 business units of Group Retail - Personal Financial Services, Business Banking, and Private Banking.

Group Retail has 13 strategic programs that cover customer touchpoints (digital and omnichannel), core product capabilities (cards, wealth, business banking) in addition to data and productivity programs.

Advisory & Strategy

• Act as the subject matter expert within the Business Risk and Controls Management (BRCM) function on fraud-related matters.
• Influence the business segment-level anti-fraud strategy.
• Coordinate setting of the business segments' fraud risk appetite thresholds.
• Engage Group Retail business stakeholders in identifying required systems and efficiency analytics.
• Collaborate with internal stakeholders to provide domain knowledge and feedback.
• Proactively identify key emerging fraud risks and propose risk mitigating measures.

Policy Operationalisation, Control Design, and Escalations

• Advise Fraud Operations on fraud-related matters to support updating/designing Fraud Risk Management controls.
• Serve as first-point of contact for fraud-related cases escalated by Fraud Operations.
• Maintain a strong sense of the business segment's case escalation framework.

Governance & MI

• Support definition and analysis on fraud metrics and management information.
• Organise and manage Line 1 Fraud-related governance forums.

Training

• Provide guidance, training, and support to the business units within the segment.
• Educate customer touchpoints on emerging fraud risks.

• Degree or professional qualification in business or banking/financial services areas.
• Minimum 8-10 years of experience in an Anti-Financial Crime compliance-related function.
• Excellent knowledge of anti-fraud regulatory compliance and processes.
• Solid knowledge of banking and financial services regulations.
• Demonstrated experience in managing anti-fraud advisory & policy operationalisation.
• Strong stakeholder management experience.
• Creativity and self-motivation to identify solutions.
• Excellent communication and interpersonal skills.
• Ability to exercise considerable judgment in complex scenarios.

UOB is an equal opportunity employer. All employment decisions at UOB are based on business needs, job requirements, and qualifications.