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- Tasks: Join as a Fraud Specialist to prevent fraud and ensure security in banking operations.
- Company: Work for one of the largest banks globally, known for diverse financial services.
- Benefits: Enjoy flexible hybrid work, career growth opportunities, and excellent benefits.
- Why this job: Be part of a vibrant team, shaping a new department with cutting-edge strategies.
- Qualifications: Must have fraud-related certifications and experience in banking operations and risk management.
- Other info: This role is crucial for maintaining the bank's integrity and security.
The predicted salary is between 43200 - 72000 £ per year.
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Fraud Risk Management – AVP, Greater London
Client:
Location:
Greater London, United Kingdom
Job Category:
Finance
EU work permit required:
Yes
Job Reference:
a7759cf493ee
Job Views:
88
Posted:
03.03.2025
Job Description:
Your new company
One of the largest banks in the world, with a significant presence in the global market, is currently looking for a Fraud Management Specialist to join their brand-new FCC department as an Associate VP. The bank is known for its comprehensive financial services and a strong international network. They have a diverse business model that includes a variety of financial products and services, catering to both individual and corporate clients.
The successful candidate for the Fraud Specialist role will be welcomed into a vibrant and diverse cultural environment, working alongside highly respected and high-caliber individuals. This position offers the unique opportunity to help build out a new function within the bank, contributing to the development and implementation of cutting-edge fraud prevention strategies.
Your new role
The Fraud Specialist role is a key position within the bank’s first line of defence, playing a crucial part in the overall integrity and security of the institution. The responsibilities for this role include:
- Customer Due Diligence (CDD):
Conducting thorough background checks and verifying customer information to prevent fraudulent activities. - Fraud Prevention:
Implementing strategies and systems to detect and prevent fraudulent transactions. - Sanctions Screening:
Ensuring compliance with global sanctions by screening customers and transactions against watchlists. - Transaction Monitoring:
Continuously monitoring customer transactions to identify and investigate suspicious activities. - Centralized Fraud Prevention:
Managing a centralised system for fraud prevention across the bank’s operations. - Risk Management:
Assessing and mitigating financial risks related to fraud. - Management Information (MI) Reports:
Producing detailed reports that provide insights into fraud trends, risks, and prevention measures. - Case Escalation:
Escalating high-risk or complex fraud cases to the appropriate departments or authorities. - Investigations:
Conducting in-depth investigations into escalated cases to uncover and address the root cause of fraud.
What you’ll need to succeed
The ideal candidate for the Fraud Specialist role will possess a robust combination of qualifications, experience, and knowledge in the following areas:
- Fraud-Related Certification:
Holding professional certifications related to fraud detection, prevention, and management. - Banking Operations Experience:
Demonstrating a solid background in banking operations, with a clear understanding of the inner workings of retail and wholesale banking environments. - Fraud Risk Management Experience:
Having hands-on experience in fraud risk management, with a proven track record of effectively managing and mitigating fraud risks. - Regulatory Knowledge:
Being well-versed in PSD2, PSR, and other payments regulations, as well as AML/CTF legislative requirements, ensuring compliance in all fraud-related activities. - Analytical Skills:
Exhibiting strong analytical abilities to scrutinise data and identify patterns indicative of fraudulent behaviour.
Possessing excellent communication skills to articulate findings, escalate cases, and collaborate with teams across the bank.
What you’ll get in return
The chosen Fraud Specialist will join a dynamic, multicultural team of esteemed professionals to pioneer a new department within the bank. They’ll have the chance for career growth, enjoy excellent benefits, and work flexibly with a hybrid schedule, fostering both professional development and personal well-being.
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Fraud Risk Management - AVP, Greater London employer: TN United Kingdom
Contact Detail:
TN United Kingdom Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Fraud Risk Management - AVP, Greater London
✨Tip Number 1
Make sure to highlight your experience in banking operations during the interview. Discuss specific examples where you successfully managed fraud risks or implemented fraud prevention strategies.
✨Tip Number 2
Familiarize yourself with the latest trends and regulations in fraud risk management, such as PSD2 and AML/CTF requirements. Being able to discuss these topics will demonstrate your expertise and commitment to compliance.
✨Tip Number 3
Prepare to showcase your analytical skills by discussing how you've used data to identify fraudulent patterns in past roles. Consider bringing examples of reports or analyses you've conducted that led to successful fraud prevention.
✨Tip Number 4
Network with professionals in the fraud risk management field. Attend industry events or join relevant online forums to connect with others and gain insights that could be beneficial during your application process.
We think you need these skills to ace Fraud Risk Management - AVP, Greater London
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description for the Fraud Risk Management - AVP position. Understand the key responsibilities and required qualifications, as this will help you tailor your application.
Highlight Relevant Experience: In your CV and cover letter, emphasize your experience in fraud risk management, banking operations, and any relevant certifications. Use specific examples to demonstrate your skills and achievements in these areas.
Showcase Analytical Skills: Since strong analytical abilities are crucial for this role, include instances where you've successfully analyzed data or identified fraudulent behavior. This will show that you possess the necessary skills for the position.
Tailor Your Cover Letter: Craft a personalized cover letter that addresses the specific requirements of the job. Mention your understanding of regulatory knowledge such as PSD2 and AML/CTF, and express your enthusiasm for contributing to the bank's new FCC department.
How to prepare for a job interview at TN United Kingdom
✨Showcase Your Fraud Knowledge
Make sure to highlight your understanding of fraud risk management and relevant regulations like PSD2 and AML/CTF. Prepare examples from your past experiences where you successfully identified or mitigated fraud risks.
✨Demonstrate Analytical Skills
Be ready to discuss how you've used analytical skills to detect fraudulent activities. Bring specific examples of data analysis you've conducted and the outcomes that resulted from your findings.
✨Understand Banking Operations
Familiarize yourself with the inner workings of both retail and wholesale banking environments. Be prepared to discuss how your banking operations experience can contribute to the bank's fraud prevention strategies.
✨Communicate Effectively
Since communication is key in this role, practice articulating your thoughts clearly. Be prepared to explain complex fraud cases and how you would collaborate with different teams to address them.
