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- Tasks: Oversee and challenge fraud risk controls across customer journeys in a dynamic banking environment.
- Company: Join Aldermore, an award-winning bank committed to supporting customers and fostering innovation.
- Benefits: Enjoy competitive salary, hybrid working, and a range of employee benefits for your well-being.
- Other info: Be part of a diverse team that values respect and continuous improvement.
- Why this job: Make a real impact in fraud risk management while growing your career in a supportive culture.
- Qualifications: Experience in fraud risk management and strong analytical skills are essential.
The predicted salary is between 60000 - 75000 ÂŁ per year.
The Senior Fraud Manager provides independent second-line oversight and challenge across Aldermore’s fraud risk landscape, ensuring risks are identified, assessed, and managed in line with the Bank’s risk appetite and regulatory expectations. The role covers fraud risk across Aldermore’s UK specialist lending and savings businesses, with a focus on application fraud, identity fraud, intermediary and broker-related fraud, and account misuse across the customer journey. It also provides oversight of financial crime risks where they intersect with fraud, supporting a joined-up and proportionate approach to risk management.
In addition, the role leads the Non-Financial Risk and Compliance relationship with the Motor business, coordinating across risk teams and subject matter experts, and attending Motor Risk Forums to provide effective oversight, challenge, and governance. This role is a 6-Month Fixed-Term Contract.
What will your day look like?
- Provide independent 2LoD oversight and challenge of fraud risk controls across customer onboarding, credit applications, broker/intermediary channels, and account lifecycle events.
- Assess the design and effectiveness of controls addressing key fraud typologies, including application fraud, identity fraud, synthetic identities, document fraud, and first-party fraud.
- Oversee fraud risks within broker-led origination models, including introducer fraud, collusion risk, and misrepresentation, with challenge on due diligence, monitoring, and governance frameworks.
- Provide oversight of fraud risks across savings and lending portfolios, ensuring controls are proportionate to product design, customer journeys, and evolving fraud typologies.
- Monitor and report on fraud risk appetite, KRIs, and MI, delivering clear insights to governance forums and ensuring timely escalation of emerging risks and control issues.
- Ensure alignment with regulatory expectations and financial crime frameworks, including SYSC requirements, AML/CTF integration, policy development, and oversight of thematic reviews and change initiatives.
What do we expect from you?
- Significant experience in fraud risk management within financial services, covering application fraud, identity risk, and lending and/or savings products.
- Strong understanding of 2LoD frameworks, governance, and risk oversight practices.
- Experience with broker/intermediary-led distribution models and associated fraud risks.
- Good knowledge of AML/CTF frameworks and the intersection between fraud and financial crime.
- Strong analytical skills with the ability to interpret fraud MI, trends, and emerging risks.
- Proven ability to influence, challenge, and communicate effectively with senior stakeholders in a regulated environment.
What can you expect from us?
- A hybrid working policy, 2 days per week onsite in our London office.
- A friendly and flexible culture, the same as how we work with our customers.
- A growing organisation that means there’s lots of opportunities to progress.
- A drive for continuous improvement, which you will be empowered to get behind from day one.
- Competitive rewards, with a good range of core benefits and bonus potential.
We’re Aldermore – the award-winning bank, trusted and highly rated by over a quarter of a million customers for more than a decade. With our range of specialist mortgages, savings accounts and business finance solutions, we're backing more people to go for it.
We thrive by saying “yes” to our customers. We respect the ingenuity of entrepreneurs and their startups; we give first-timers a leg-up onto the property ladder; we open up the lending market to many; and thousands of customers chose Motonovo Finance every week to buy their next car, van or motorbike.
We’re committed to building a working environment that values respect, diversity, and compassion. We welcome people regardless of age, disability, gender identity, marital status, race, faith or belief, sexual orientation, socioeconomic background, and whether you’re pregnant or on family leave.
Please note that we have a thorough referencing process, which includes criminal record checks.
Senior Fraud Manager in London employer: Aldermore Bank
Contact Detail:
Aldermore Bank Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Fraud Manager in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the financial services sector, especially those who know about fraud risk management. A friendly chat can lead to insider info on job openings or even a referral.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of fraud typologies and regulatory frameworks. We want you to be able to discuss how you can tackle application fraud and identity risks confidently!
✨Tip Number 3
Showcase your analytical skills! Be ready to share examples of how you've interpreted fraud MI and tackled emerging risks in past roles. This will help us see how you can add value to our team.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are genuinely interested in joining Aldermore.
We think you need these skills to ace Senior Fraud Manager in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Senior Fraud Manager role. Highlight your experience in fraud risk management and any relevant skills that match the job description. We want to see how you can bring your unique expertise to our team!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about fraud risk management and how your background aligns with our mission at Aldermore. Keep it engaging and personal – we love to see your personality come through!
Showcase Your Analytical Skills: Since this role requires strong analytical skills, be sure to include examples of how you've interpreted fraud MI or identified emerging risks in your previous roles. We’re looking for someone who can think critically and provide insights that drive our fraud strategy.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, you’ll find all the details you need about the role and our company culture there!
How to prepare for a job interview at Aldermore Bank
✨Know Your Fraud Risks
Make sure you brush up on the different types of fraud risks mentioned in the job description, like application fraud and identity fraud. Be ready to discuss how you've managed these risks in your previous roles, as this will show that you understand the landscape and can hit the ground running.
✨Understand the 2LoD Framework
Familiarise yourself with the second line of defence (2LoD) framework and how it applies to fraud risk management. Prepare examples of how you've provided oversight and challenge in past positions, as this will demonstrate your capability to align with the bank's governance practices.
✨Prepare for Stakeholder Engagement
Since you'll be influencing senior stakeholders, think about how you can effectively communicate complex fraud issues. Have a few examples ready where you've successfully navigated challenging conversations or influenced decisions in a regulated environment.
✨Show Your Analytical Skills
Be prepared to discuss how you've used data to identify trends and emerging risks in fraud. Bring along specific metrics or insights from your previous work that highlight your analytical prowess, as this will resonate well with the role's requirements.