Associate Director Fraud

Risk Management

Posted: 22/06/2017


The role is responsible for supporting the Bank in preventing, detecting and investigating fraud through the use of appropriate risk management controls and assessments. Ensures fraud risks are adequately managed and mitigated in line with the organisations risk appetite through the implementation, embedding and maintenance of a business wide fraud risk framework. Provides the business with the tools to manage fraud risk in a manner consistent with regulatory, contractual and business requirements.

Main Duties and Responsibilities

Develop Fraud Prevention & Detection strategies in line with Risk Management division's corporate strategy.

Monitor performance of the Fraud Risk Management section against KPIs on a regular basis.

Ensure that the fraud risk management framework is effectively embedded and communicated across the Bank.

Develop fraud risk assessments for the Bank, fraud monitoring capabilities, Fraud Risk Indicators (FRIs), MIS etc.

Establish and maintain a proactive fraud risk management philosophy and culture within the organization through awareness campaigns and training initiatives.

Manage forensic audits / fraud investigations / and collate reports for disciplinary hearings where required.

Assess the risk of fraud in the business.

Provide qualitative fraud risk status reporting with accurate and reliable business information together with analyzing trends and data to relevant stakeholders.

Report emerging fraud threats and risks in a timely manner to relevant stakeholders.

Continuously research advanced fraud risk management techniques and methodologies and introduce new initiatives.

Propose suitable fraud risk appetites and tolerance levels.

Continuously improve the operational efficiency and effectiveness of fraud risk management processes.

Develop a collaborative relationship with regulators, peer banks and fraud risk industry forums to help detect and mitigate fraud.

Ensure that effective management response plans are in place to respond to extreme but plausible fraud scenarios across the Bank.

Recommend changes to the process control environment or to business practices, where necessary, to reduce the level of fraud risk exposure to within the agreed appetite.


Relevant Degree in Risk Management or Finance/Economics

Certificate in Fraud Risk Management or Certified Fraud Examiner

Advanced computer literacy is required with knowledge of Microsoft Excel, Word & PowerPoint

Minimum of 5-8 years' Fraud Risk Management experience within Financial Services

Proven experience in the anti-fraud space gained within the Financial Services industry

Ability to identify, asses and mitigate fraud risks, and carry out risk assessments and scenario planning

Working knowledge of Fraud Risk Management Systems

Insight into all regulatory requirements related to the banking industry

McGregor Boyall is an equal opportunity employer and do not discriminate based on race, religion, gender, age, sexuality, gender identification, or physical ability.