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For Companies At a Glance
- Tasks: Lead fraud prevention strategies and oversee financial crime measures in a dynamic environment.
- Company: Join a growing financial services division focused on consumer credit and payment solutions.
- Benefits: Enjoy competitive perks and the chance to shape industry standards in fraud prevention.
- Why this job: Make a real impact in a crucial role while developing your leadership skills in a fast-paced sector.
- Qualifications: Proven experience in financial crime, deep AML knowledge, and strong leadership abilities required.
- Other info: This is a certified position under SM&CR, leading two sub-teams.
The predicted salary is between 72000 - 108000 £ per year.
MERJE is seeking an experienced Head of Fraud & FC to lead the fraud and financial crime prevention strategies. This role offers an exciting opportunity to shape and oversee fraud prevention measures in a rapidly evolving consumer credit and payment services environment.
The Company: Our client is expanding its financial services division, offering consumer credit and regulated payment services. As they prepare for this growth, they seek to enhance their financial crime and fraud prevention capabilities.
The Role: The Head of Fraud will play a crucial role in establishing and overseeing fraud and financial crime prevention for the business. This certified position under SM&CR will lead two sub-teams, develop strategies, and act as the subject matter expert on AML, fraud, and financial crime.
Key Responsibilities of the Head of Fraud:
- Develop and implement financial crime and fraud prevention strategies
- Ensure compliance with Money Laundering Regulations and JMLSG guidelines
- Oversee Customer Due Diligence checks and fraud investigations
- Report on strategy performance to senior management
- Lead and develop the Financial Crime team
Required knowledge and experience for the Head of Fraud role:
- Proven experience in a senior financial crime or fraud prevention role
- Deep knowledge of AML frameworks and payment fraud management
- Understanding of Payment Services Regulations (PSRs) 2017
- Strong leadership and analytical skills
- Excellent communication abilities
Head of Fraud & Financial Crime employer: MERJE
Contact Detail:
MERJE Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Fraud & Financial Crime
✨Tip Number 1
Network with professionals in the financial crime and fraud prevention sector. Attend industry conferences or webinars to connect with potential colleagues and learn about the latest trends and challenges in the field.
✨Tip Number 2
Stay updated on the latest regulations and compliance requirements related to AML and fraud prevention. This knowledge will not only enhance your expertise but also demonstrate your commitment to the role during interviews.
✨Tip Number 3
Prepare to discuss specific strategies you have implemented in previous roles that successfully reduced fraud or improved compliance. Real-life examples will showcase your leadership skills and analytical abilities.
✨Tip Number 4
Familiarise yourself with the company's current fraud prevention measures and identify areas for improvement. This proactive approach will impress interviewers and show that you're ready to make an impact from day one.
We think you need these skills to ace Head of Fraud & Financial Crime
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in fraud prevention and financial crime. Emphasise your leadership roles and any specific achievements related to AML frameworks and payment fraud management.
Craft a Compelling Cover Letter: In your cover letter, express your passion for the role and the company. Discuss how your background aligns with their needs, particularly in developing and implementing fraud prevention strategies.
Showcase Your Knowledge: Demonstrate your understanding of Money Laundering Regulations and Payment Services Regulations in your application. Use specific examples from your past experiences to illustrate your expertise.
Prepare for Potential Questions: Anticipate questions related to your leadership style and how you would approach developing a financial crime team. Be ready to discuss your analytical skills and how they have contributed to your success in previous roles.
How to prepare for a job interview at MERJE
✨Showcase Your Expertise
Make sure to highlight your extensive experience in financial crime and fraud prevention. Be prepared to discuss specific strategies you've implemented in the past and how they align with the company's goals.
✨Demonstrate Leadership Skills
As a Head of Fraud, you'll be leading teams. Share examples of how you've successfully managed and developed teams in previous roles, focusing on your leadership style and how you motivate others.
✨Understand Regulatory Frameworks
Familiarise yourself with Money Laundering Regulations and JMLSG guidelines. Be ready to discuss how you ensure compliance and how you’ve navigated regulatory challenges in your previous positions.
✨Prepare for Scenario-Based Questions
Expect questions that assess your analytical skills and decision-making abilities. Prepare to discuss real-life scenarios where you had to tackle fraud or financial crime issues, detailing your thought process and outcomes.
