At a Glance
- Tasks: Design and implement strategies to combat fraud risk globally.
- Company: Join Swiss Re's dynamic Compliance team fighting financial crime.
- Benefits: Competitive salary, performance bonuses, and hybrid work model.
- Other info: Inclusive culture encouraging fresh perspectives and professional growth.
- Why this job: Make a meaningful impact on global fraud risk management.
- Qualifications: 3+ years in anti-fraud roles; 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.
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 an organisational risk management framework toward 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 organisational, analytical, and project management capabilities.
Preferred Qualifications
- 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 organisations with diverse regulatory environments.
Salary and Benefits
For London, the annual base salary range for this position is between 76,000 EUR and 114,000 EUR for a full‑time role. In addition to your base salary, you may be eligible for additional rewards and benefits including an attractive performance‑based bonus. The specific salary offered considers:
- The requirements, scope, complexity and responsibilities of the role.
- The applicant's own profile including education/qualifications, expertise, specialisation, skills and experience.
Hybrid Work Model
Our company has a hybrid work model where the expectation is that you will be in the office at least three days per week.
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.
Compliance Officer - Fraud Risk (12‑month fixed-term contract, 80-100%) in London employer: Swiss Re
Swiss Re is an exceptional employer that fosters a collaborative and inclusive work culture, making it an ideal place for compliance 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 competitive salary and benefits package in the vibrant city of London. Join us to make a meaningful impact in a dynamic environment where your expertise will be valued and your career can flourish.
StudySmarter Expert Advice🤫
We think this is how you could land Compliance Officer - Fraud Risk (12‑month fixed-term contract, 80-100%) in London
✨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 expertise in anti-fraud controls and how you can enhance their global fraud risk framework.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re genuinely interested in joining the Swiss Re team and contributing to their compliance efforts.
We think you need these skills to ace Compliance Officer - Fraud Risk (12‑month fixed-term contract, 80-100%) in London
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter to highlight your experience in fraud risk management. Use keywords from the job description to show that you understand what we're looking for.
Showcase Your Expertise:Don’t just list your qualifications; explain how your skills and experiences make you a perfect fit for the Compliance Officer role. We want to see how you can contribute to our global fraud risk strategy!
Be Clear and Concise:Keep your application straightforward and to the point. Use bullet points where possible to make it easy for us to read through your achievements and qualifications quickly.
Apply Through Our Website:We encourage you to submit your application directly through our website. This ensures that your application gets to the right people and helps us keep track of all candidates efficiently.
How to prepare for a job interview at Swiss Re
✨Know Your Stuff
Make sure you brush up on your knowledge of fraud risk management and anti-fraud controls. Be ready to discuss specific frameworks you've worked with and how they can be applied in a global context, just like Swiss Re's operations.
✨Showcase Your Communication Skills
As a Compliance Officer, you'll need to influence stakeholders at all levels. Prepare examples of how you've effectively communicated complex compliance issues in the past, and think about how you can tailor your message for different audiences.
✨Be Ready for Scenario Questions
Expect questions that ask how you would handle specific fraud-related scenarios. Think through potential challenges you might face in this role and prepare your responses, demonstrating your analytical and strategic thinking skills.
✨Highlight Your Training Experience
Since training and awareness are key parts of the role, come prepared to discuss any training programmes you've developed or delivered. Share how you engaged participants and ensured they understood their responsibilities regarding fraud risk.
