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- Tasks: Lead fraud monitoring, mitigate risks, and ensure compliance in a dynamic banking environment.
- Company: Join a global banking group based in Canary Wharf, known for innovation and integrity.
- Benefits: Enjoy competitive salary, career growth opportunities, and a collaborative work culture.
- Why this job: Make a real impact on financial crime prevention while working with cutting-edge technology.
- Qualifications: 10+ years in Financial Crime management with strong leadership and fraud monitoring experience required.
- Other info: This role offers the chance to shape strategic initiatives and lead a high-performing team.
The predicted salary is between 43200 - 72000 £ per year.
THE COMPANY: Our client is a global banking group with offices based in Canary Wharf.
THE RESPONSIBILITIES:
- Monitoring fraud metrics and trends, proactively mitigating attacks, and ensuring new products and features are appropriately controlled and monitored from a fraud and financial crime perspective.
- Overseeing the effective management of transactional monitoring alerts, ensuring they are addressed within SLAs.
- Collaborating with tech and product teams to minimise fraud opportunities at the product design stage and ensure residual risks are controlled.
- Defining and supporting the implementation of the fraud and financial crime strategic roadmap, working closely with the MLRO and stakeholders.
- Building relationships with the financial crime community, including regulators and external partners.
- Developing reports and MI to support business decisions, highlighting concerns, and driving action plans.
- Embedding a culture of financial crime compliance and awareness across the business.
- Managing financial crime intelligence gathering and addressing emerging risks.
- Leading technology-driven fraud mitigation solutions, ensuring broad coverage of fraud typologies.
- Acting as the primary contact for fraud and scams, including card fraud, account takeover, and scams, ensuring losses are within targets.
- Supporting change initiatives, balancing operational impact and strategic value.
- Driving customer education and awareness initiatives.
- Working with the second line of defence and MLRO on assurance activities.
- Supporting audit activities and cooperating with auditors.
- Reporting to senior management and deputising when needed.
- Leading and empowering a split-site team to deliver high performance and continuous improvement.
EXPERIENCE REQUIRED:
- 10+ years in Financial Crime management, preferably in banking and payments, with 5+ years in leadership roles.
- Leadership experience is essential.
- Extensive fraud and transaction monitoring experience.
- Understanding of Financial Crime typologies and current industry threats.
- Knowledge of global Financial Crime regulations.
- Experience managing regulatory engagement, especially in the UK and GCC regions.
For further information, please contact Hannah Tabatabai.
Head of Fraud and Transaction Monitoring employer: JR United Kingdom
Contact Detail:
JR United Kingdom Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Fraud and Transaction Monitoring
✨Tip Number 1
Network with professionals in the financial crime and fraud prevention sectors. Attend industry conferences or webinars to meet potential colleagues and learn about the latest trends and challenges in fraud management.
✨Tip Number 2
Familiarise yourself with the specific regulations and compliance requirements in the UK and GCC regions. This knowledge will not only enhance your understanding but also demonstrate your commitment to the role during interviews.
✨Tip Number 3
Showcase your leadership skills by discussing past experiences where you successfully led teams through challenging situations. Highlight how you empowered your team to achieve high performance and continuous improvement.
✨Tip Number 4
Prepare to discuss technology-driven solutions you've implemented in previous roles. Be ready to explain how these solutions effectively mitigated fraud risks and improved transaction monitoring processes.
We think you need these skills to ace Head of Fraud and Transaction Monitoring
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your extensive experience in financial crime management and leadership roles. Use specific examples that demonstrate your ability to monitor fraud metrics, manage transactional alerts, and collaborate with tech teams.
Craft a Compelling Cover Letter: In your cover letter, express your passion for combating financial crime and your understanding of current industry threats. Mention how your previous experiences align with the responsibilities outlined in the job description.
Highlight Relevant Skills: Emphasise skills such as strategic planning, relationship building with regulators, and your ability to lead a team. Make sure to mention any technology-driven solutions you have implemented in past roles.
Showcase Your Leadership Experience: Since leadership experience is essential for this role, provide clear examples of how you have led teams to achieve high performance and continuous improvement in previous positions.
How to prepare for a job interview at JR United Kingdom
✨Showcase Your Leadership Experience
As a Head of Fraud and Transaction Monitoring, your leadership skills are crucial. Be prepared to discuss specific examples of how you've led teams in the past, particularly in high-pressure situations. Highlight your ability to empower others and drive performance.
✨Demonstrate Industry Knowledge
Familiarise yourself with current financial crime typologies and industry threats. During the interview, reference recent trends or case studies that illustrate your understanding of the landscape. This will show that you are proactive and knowledgeable about the challenges the company faces.
✨Prepare for Technical Questions
Expect questions related to fraud metrics, transaction monitoring, and technology-driven solutions. Brush up on relevant tools and methodologies used in fraud detection and prevention. Being able to discuss these topics confidently will set you apart from other candidates.
✨Build Rapport with Interviewers
Establishing a connection with your interviewers can make a significant difference. Show genuine interest in their work and the company's mission. Ask insightful questions about their current challenges and how you can contribute to their goals, especially in terms of compliance and risk management.
