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- Tasks: Lead fraud risk management and provide expert guidance across London and EMEA offices.
- Company: Join a dynamic Financial Crime Group focused on compliance and regulatory excellence.
- Benefits: Earn up to £950pd with opportunities for professional growth and collaboration.
- Why this job: Make a real impact in combating financial crime while working with top industry experts.
- Qualifications: Degree in relevant field and extensive experience in fraud risk management required.
- Other info: Strong teamwork and decision-making skills are essential for success in this role.
The predicted salary is between 72000 - 108000 £ per year.
Job Title: Fraud Director Department: Financial Crime Group / Compliance Department Location: London, EMEA Division Reports to: Head of Financial Crime Compliance Day rate: Up to £950pd inside IR35 Purpose of the Role: Develop and implement a comprehensive Fraud risk management framework. Provide support and guidance on Fraud risk management to business units in London and EMEA offices. Offer expert advice on regulatory and legal expectations concerning fraud. Collaborate with financial crime leads to devise a regional fraud risk management strategy. Key Responsibilities: Serve as the subject matter expert on fraud, providing advisory support within the second line of defence. Identify and communicate impacts of fraud risk to other areas within the organisation, taking appropriate actions. Continuously develop and enhance the Fraud framework to ensure it meets regulatory expectations and addresses emerging threats and risks. Analyse and interpret fraud regulations and laws to ensure effective management and compliance. Oversee and manage relevant Fraud Policies and Procedures/Standards. Review and implement recommendations from both internal and external audits and risk assessments. Strengthen Fraud systems and controls through regular review and updates aligned with regulatory requirements and industry best practices. Develop and maintain strong relationships with internal and external stakeholders to foster best practices and ensure comprehensive understanding of financial crime requirements. Identify and address training needs across all departments within the three lines of defence framework. Knowledge, Skills, Experience & Qualifications: Degree in a relevant field and professional qualifications in financial crime. Extensive experience in implementing enterprise-wide Fraud risk management frameworks. In-depth knowledge of industry practices and tools for combating fraud and other financial crimes. Proven ability to provide specific, targeted advice and guidance as a subject matter expert. Strong collaboration skills to build and maintain effective working relationships with stakeholders. Ability to work under pressure, manage competing priorities, and meet deadlines with attention to detail. Significant experience in managing financial crime at an international level. Effective decision-making skills, with the ability to influence and motivate individuals at all levels. Proficiency in formal report writing to communicate investigative findings, policies, procedures, and training materials to a diverse audience. Capability to initiate and implement changes to improve efficiency and effectiveness. Strong teamwork and collaboration skills to drive organisational change. Challenges: Interpret and apply the expectations of multiple regulatory authorities while managing competing priorities. Provide comprehensive support across the three lines of defence to enhance financial crime awareness, understanding, and applicability to the organisation’s business activities. You will need strong FS experience in the Banking sector to be considered for this role, along with demonstrable experience in implementing enterprise-wide Fraud risk management frameworks. #J-18808-Ljbffr
Fraud Director employer: CV-Library
Contact Detail:
CV-Library Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Fraud Director
✨Tip Number 1
Make sure to stay updated on the latest trends and regulations in fraud risk management. This will not only help you in interviews but also demonstrate your commitment to the field.
✨Tip Number 2
Network with professionals in the financial crime sector, especially those who have experience in the banking industry. Building these connections can provide valuable insights and potentially lead to job opportunities.
✨Tip Number 3
Prepare to discuss specific examples of how you've implemented fraud risk management frameworks in previous roles. Being able to articulate your hands-on experience will set you apart from other candidates.
✨Tip Number 4
Familiarize yourself with the key stakeholders within the organization and their roles in fraud prevention. Understanding their perspectives can help you tailor your approach and demonstrate your collaborative skills during the interview.
We think you need these skills to ace Fraud Director
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your extensive experience in implementing enterprise-wide Fraud risk management frameworks. Include specific examples of your work in the banking sector and any relevant professional qualifications.
Craft a Strong Cover Letter: In your cover letter, emphasize your ability to provide targeted advice as a subject matter expert on fraud. Discuss your collaboration skills and how you've built effective relationships with stakeholders in previous roles.
Showcase Your Knowledge: Demonstrate your in-depth knowledge of industry practices and tools for combating fraud. Mention any specific regulations or laws you have interpreted and applied in your past experiences.
Highlight Decision-Making Skills: Provide examples of how you've made effective decisions under pressure and managed competing priorities. This will show your ability to influence and motivate individuals at all levels within an organization.
How to prepare for a job interview at CV-Library
✨Show Your Expertise
As a Fraud Director, you'll need to demonstrate your deep understanding of fraud risk management frameworks. Be prepared to discuss specific examples from your past experience where you've successfully implemented such frameworks and the impact they had on the organization.
✨Understand Regulatory Expectations
Familiarize yourself with the regulatory landscape concerning fraud in the financial sector. During the interview, be ready to articulate how you have navigated these regulations in previous roles and how you plan to ensure compliance in this new position.
✨Highlight Collaboration Skills
This role requires strong collaboration with various stakeholders. Prepare to share instances where you've built effective working relationships across departments or with external partners to enhance fraud prevention efforts.
✨Demonstrate Decision-Making Abilities
Effective decision-making is crucial for this position. Be ready to discuss situations where you had to make tough decisions under pressure, how you approached those situations, and the outcomes of your decisions.
