At a Glance
- Tasks: Design and implement strategies to combat fraud risk in a global organisation.
- Company: Join Swiss Re, a leader in reinsurance and insurance solutions.
- Benefits: Competitive salary, performance-based bonuses, and hybrid work model.
- Other info: Dynamic team environment with opportunities for professional growth.
- Why this job: Make a real impact on financial crime prevention while collaborating internationally.
- Qualifications: 3+ years in anti-fraud roles with strong communication skills.
The predicted salary is between 76000 - 114000 € per year.
Are you passionate about fighting financial crime and building robust frameworks to protect a global organisation? Join our dynamic Compliance team at Swiss Re where you'll play a pivotal role in designing and implementing strategies to combat fraud risk across our worldwide operations. This is your opportunity to apply your expertise in a collaborative, international environment while making a meaningful impact on our organisation's integrity and resilience.
About the Role
As our Compliance Officer - Fraud Risk Framework Owner, you'll be the driving force behind Swiss Re's global fraud risk management strategy. You'll design, oversee, and continuously enhance our fraud risk framework, leveraging your deep technical knowledge of anti-fraud controls and their application to industry to protect our organization against evolving fraud threats. This is a 12‑month fixed-term position with the possibility of extension.
Key Responsibilities
- Own and enhance the global Fraud Risk Framework, including policies, standards, and processes that form the foundation of our fraud risk management approach.
- Establish operational strategies to enable effective Compliance oversight of fraud risk.
- Provide ongoing oversight of the design and effectiveness of fraud control environment.
- Monitor and assess fraud-related regulatory developments, determining their impact and defining appropriate actions.
- Lead training and awareness by developing comprehensive global training content and awareness initiatives on the fraud risk for employees, and conducting trainings.
- Advise senior stakeholders on fraud risk management topics and provide expert guidance across business units.
- Support broader Compliance initiatives including policy development, regulatory monitoring, and risk assessments.
- Contribute to Compliance reporting and oversight, ensuring transparency and informed decision-making.
About the Team
The Compliance Financial Crime Risk Frameworks (FCR) team at Swiss Re is responsible for global Compliance frameworks covering four key financial crime risks: Fraud, Bribery and Corruption, Money Laundering and Terrorist Financing, and Economic Sanctions. Our diverse team based in New York, Bratislava, and London develops, maintains, and implements global policies, standards, processes, and supporting technology to manage these risks effectively. We deliver training programs to educate employees on their responsibilities and monitor emerging risks and regulatory developments across all jurisdictions where Swiss Re operates.
About You
You're a seasoned compliance professional with deep expertise in fraud risk management. You combine technical knowledge with excellent communication skills, allowing you to influence stakeholders at all levels. You're detail-oriented yet strategic, and able to see both the big picture and the nuanced implementation requirements. You thrive in a collaborative environment but have the ability to work independently to drive fraud risk related matters.
We are looking for candidates who meet these requirements:
- University degree or equivalent qualification (legal training beneficial).
- Solid compliance experience, including at least 3 years in anti-fraud roles, preferably within insurance or financial services.
- Proven experience in utilizing organizational risk management framework towards fraud risk management.
- A fraud-related certification would be a strong plus.
- Hands-on experience in developing and maintaining compliance risk frameworks, particularly drafting policies, standards, and processes.
- Strong experience in developing and delivering trainings.
- Strong communication, interpersonal, and presentation skills with the ability to engage effectively with stakeholders across all seniority levels.
- Excellent organizational, analytical, and project management capabilities.
These would be a plus:
- Certified Fraud Examiner (CFE), Certified Anti-Fraud Specialist Certification (CAFS), or another professional anti-fraud certification.
- Knowledge of other financial crime risks (Bribery and Corruption, Money Laundering and Terrorist Financing, and Economic Sanctions).
- Additional languages beyond fluent English, especially German.
- Experience working in multinational organizations with diverse regulatory environments.
For the United Kingdom, the annual base salary range for this position is between 76,000 EUR and 114,000 EUR for a full-time role. The specific salary offered considers the requirements, scope, complexity and responsibilities of the role, as well as the applicant's own profile including education/qualifications, expertise, specialisation, skills and experience. In addition to your base salary, you may be eligible for additional rewards and benefits including an attractive performance-based bonus.
We provide feedback to all candidates via email. If you have not heard back from us, please check your spam folder. Our company has a hybrid work model where the expectation is that you will be in the office at least three days per week.
About Swiss Re
Swiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. Combining experience with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 14,000 employees across the world. Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work and their passion for sustainability. If you are an experienced professional returning to the workforce after a career break, we encourage you to apply for open positions that match your skills and experience.
We may use AI-powered tools to support the review and evaluation of applications for this position. These tools provide additional insights to our recruitment teams, but all hiring decisions are carefully reviewed and made by people. To learn more about how we use AI in recruitment and how we handle your personal data, please review our Data Privacy Statement before applying.
Compliance Officer - Fraud Risk (12‑month fixed-term contract, 80-100%) employer: Swiss Re
Swiss Re is an exceptional employer that fosters a collaborative and inclusive work culture, making it an ideal place for professionals passionate about combating financial crime. With a strong focus on employee growth, the company offers comprehensive training programs and opportunities to influence global fraud risk management strategies, all while enjoying a hybrid work model in vibrant locations like London. Join us to make a meaningful impact in a supportive environment that values diverse perspectives and innovative thinking.
StudySmarter Expert Advice🤫
We think this is how you could land Compliance Officer - Fraud Risk (12‑month fixed-term contract, 80-100%)
✨Tip Number 1
Network like a pro! Reach out to your connections in the compliance and fraud risk space. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by researching Swiss Re’s values and recent initiatives in fraud risk management. Tailor your responses to show how your experience aligns with their mission. Remember, it’s all about demonstrating your passion for fighting financial crime!
✨Tip Number 3
Practice makes perfect! Conduct mock interviews with friends or mentors to refine your answers. Focus on articulating your technical knowledge and how you’ve successfully implemented fraud controls in past roles.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, keep an eye on our careers page for any new opportunities that pop up in the compliance team!
We think you need these skills to ace Compliance Officer - Fraud Risk (12‑month fixed-term contract, 80-100%)
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Compliance Officer role. Highlight your experience in fraud risk management and any relevant certifications. 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 fighting financial crime and how your background makes you a perfect fit for our team. Keep it engaging and personal.
Showcase Your Achievements:Don’t just list your responsibilities; showcase your achievements in previous roles. Quantify your successes where possible, like improvements in fraud detection rates or successful training initiatives. We love numbers!
Apply Through Our Website:We encourage you to apply through our website for the best chance of being noticed. It’s straightforward and ensures your application goes directly to us. Plus, we’ll keep you updated on your application status!
How to prepare for a job interview at Swiss Re
✨Know Your Fraud Risk Framework
Before the interview, make sure you thoroughly understand the fraud risk framework and its components. Familiarise yourself with the key policies, standards, and processes that Swiss Re employs. This will not only show your genuine interest but also allow you to discuss how your experience aligns with their existing strategies.
✨Prepare for Scenario-Based Questions
Expect questions that ask you to demonstrate your problem-solving skills in real-world scenarios. Think of specific examples from your past roles where you've successfully managed fraud risks or implemented anti-fraud controls. Use the STAR method (Situation, Task, Action, Result) to structure your responses clearly.
✨Showcase Your Communication Skills
As a Compliance Officer, you'll need to engage with stakeholders at all levels. Prepare to discuss how you've effectively communicated complex compliance issues in the past. Highlight any training sessions you've led or materials you've developed, as this will showcase your ability to educate others on fraud risk management.
✨Stay Updated on Regulatory Developments
Demonstrate your knowledge of current regulatory trends related to fraud risk management. Research recent changes in regulations that could impact Swiss Re and be ready to discuss how these might affect their operations. This shows that you're proactive and committed to staying informed in a rapidly evolving field.
