At a Glance
- Tasks: Oversee fraud risk management and ensure effective controls across customer journeys.
- Company: Join Aldermore, an award-winning bank with a friendly and flexible culture.
- Benefits: Enjoy hybrid working, competitive pay, and opportunities for career growth.
- Other info: Be part of a dynamic team focused on continuous improvement and innovation.
- Why this job: Make a real impact in fraud risk management within a trusted financial institution.
- Qualifications: Experience in fraud risk management and strong analytical skills required.
The predicted salary is between 60000 - 75000 € 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. This role is a 6‑Month Fixed‑Term Contract.
Responsibilities
- 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.
Qualifications
- 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.
Benefits
- A hybrid working policy, 2 days per week onsite in our London office.
- A friendly and flexible culture.
- A growing organisation that offers many opportunities to progress.
- A drive for continuous improvement, which you will be empowered to support from day one.
- Competitive remuneration with a core benefits package and bonus potential.
About Aldermore: 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 back more people to go for it. We welcome people regardless of age, disability, gender identity, marital status, race, faith or belief, sexual orientation, socioeconomic background, or whether you’re pregnant or on family leave.
Senior Fraud Manager employer: Aldermore Bank
Aldermore is an excellent employer, offering a supportive and flexible work culture that prioritises employee growth and development. With a hybrid working policy and a commitment to continuous improvement, employees are empowered to make meaningful contributions from day one. Located in London, Aldermore provides competitive remuneration and a core benefits package, making it an attractive place for professionals seeking to advance their careers in fraud risk management within the financial services sector.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Fraud Manager
✨Tip Number 1
Network like a pro! Reach out to folks in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching Aldermore and understanding their fraud risk landscape. Be ready to discuss how your experience aligns with their needs, especially around application and identity fraud.
✨Tip Number 3
Practice your responses to common interview questions, but keep it natural. Use the STAR method (Situation, Task, Action, Result) to structure your answers and showcase your achievements in fraud risk management.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, we love seeing candidates who are proactive about joining our team.
We think you need these skills to ace Senior Fraud Manager
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, especially in application and identity fraud. We want to see how your skills align with our needs!
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 you can contribute to Aldermore. Keep it concise but impactful – we love a good story!
Showcase Your Analytical Skills:Since this role requires strong analytical skills, make sure to include examples of how you've interpreted fraud MI and identified trends in your previous roles. We’re looking for someone who can spot the red flags!
Apply Through Our Website:Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy – just a few clicks and you’re done!
How to prepare for a job interview at Aldermore Bank
✨Know Your Fraud Typologies
Make sure you brush up on the key fraud typologies mentioned in the job description, like application fraud and identity fraud. Being able to discuss these in detail will show that you understand the landscape and can provide the oversight needed for the role.
✨Understand 2LoD Frameworks
Familiarise yourself with the second line of defence (2LoD) frameworks and how they apply to fraud risk management. Be prepared to discuss how you've used these frameworks in your previous roles to challenge and improve fraud controls.
✨Prepare for Scenario Questions
Expect scenario-based questions where you might need to assess fraud risks or suggest improvements to existing controls. Think about past experiences where you successfully identified and managed fraud risks, and be ready to share those examples.
✨Show Your Analytical Skills
Highlight your analytical skills by discussing how you've interpreted fraud management information (MI) and trends in the past. Be specific about the tools or methods you used to analyse data and how your insights led to actionable outcomes.
