Vice President, Fraud

4 months ago


Hong Kong, Hong Kong SAR China China CITIC Bank International Limited Full time

Key Responsibilities

  • Develop and maintain the Bank’s 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


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