Fraud Risk Manager

Job description

Job description

Some careers open more doors than others.

If you’re looking for a career that will give you plenty of opportunities to develop, join HSBC and your future will be rich with potential. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

Global Risk is a thriving and expert risk management function supporting HSBC globally with all aspects of risk management. The team actively manages a varied and dynamic range of risk types, including security, fraud, information security, operational, credit, pension, insurance, compliance, regulatory, market, reputation and geopolitical risks. All parts of the Global Risk team use their skills, insight and integrity to handle established threats and those they see emerging, acting to protect and enable HSBC to deliver sustainable growth.

We are currently seeking an experienced professional to join our team in the role of  Fraud Risk Manager.

Role Purpose:

As the Fraud Risk Manager , you will provide support to the Country teams (i.e. Financial Crime, Regulatory Compliance, wider Risk and Compliance departments, LoBs, Control teams, Global functions, Business, Risk and Product owners) with accountabilities on fraud management and their respective services and activities.  The role holder will support the Head of Fraud Risk, first line of defense and second line of defense as subject matter expert (Fraud SME) providing guidance, oversight of fraud risk within the Country while ensuring alignment with Global Standards; and work closely with regional teams, as necessary. The role holder will execute fraud risk assessments as a leader and advocate technical compliancy for specific business risks, working with the Country teams to ensure all advice and guidance is supported by specific documentations or interpretation. 

Supporting and facilitating the Risk Stewardship in an advisory capacity, overseeing the activities of control owners and Non-Financial Risk teams who provide hands-on support of fraud controls and closely support in-country teams with any fraud management-related projects, initiatives and include other fraud monitoring projects as well.

The role holder will lead, represent and support a team that focuses on developing and implementing, working closely with the sub-functions, global and regional governance capabilities to support monitor, control and continually improve the fraud framework across all key pillars of fraud (risk assessments, controls, MI, relevant systems, intelligence, etc.).

The role will support Horizon scanning of emerging and changes to existing regulations and exposure to risks in relation of fraud.  There may also be an opportunity for financial crime risk assessments & analysis to be covered.

Principal Responsibilities:

·  Leading the change and development in culture, awareness and ability in respect of fraud risk management in country.
·  Providing Fraud Risk subject matter expert leadership, support and guidance to all Lines of Business, reviewing the effectiveness of 1LoD controls, remedial action, delivery of training and awareness programmes.
·  Assess, challenge and support changes to the scope and content of 1LoD fraud controls to ensure they are fit for purpose in line with business risk appetite and changes in organizational structures.
·  Provide subject matter expert support to assist LoB FC stewards in their review of Business’ new products/processes/ policies.
·  Supporting, planning, conducting and executing fraud risk related reviews across all lines of business as well as 3rd party suppliers where required.
·  Building and fostering a good working relationship with regulators, industry task forces, small working groups, law enforcement agencies, etc.
·  Maintain and ensure due observance of HSBC Internal Control Standards, including the timely implementation of recommendations made by internal or external auditors and external regulators.
·  To keep abreast of recent and ever-changing fraud trends and ensuring steps are taken to address fraud risk.
·  Advising and guiding in setting risk appetite; providing policy guidance, definition and interpretation assistance; and preforming oversight activities, as well as consulting on dispensation requests from country.
·  Ensure awareness of compliance requirements and implementation of Group Fraud Policy.
·  Maintain awareness of operational risk including its identification, assessment, mitigation and control, loss identification and reporting in accordance with local regulations and Group Operational Risk Management Framework.

Requirements

·  Leadership skills for a constantly changing fraud environment, competing priorities, management of senior stakeholders.
·  High level of professional competence knowledge and experience in AML and Fraud.  Specifically, beneficial if this is in respect of typologies, attacks methodologies and controls to manage key fraud risk taxonomies and indicators.
·  Strong banking experience required with strong analytical skills.  Thorough knowledge of products, process, banking systems, controls and fraud tools will be key.
·  Knowledge and awareness of current fraud trends, specifically in all areas of first, second-third-party frauds, internal fraud, card fraud and payment fraud. 
·  Strong risk management skills and the ability to identify risk.
·  Good understanding of industry fraud prevention and investigation technics.
·  Fluency in both written and verbal English.
·  Good communication skills & is a team player.
·  Good stakeholders, internal and external, management skills.
·  Knowledge of the criminal law, law of evidence and banking law and regulations is a plus.
·  Industry and regulatory engagement experience in Financial Crime space.
·  Presentation skills with influencing capability will be required.  

Due to local laws and governance, candidates with immediate right to work locally and no relocation need will be prioritised.

Opening up a world of opportunity.

www.hsbc.com/careers

HSBC is committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and opportunities to grow within an inclusive and diverse environment. Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.

Issued by HSBC Bank Malaysia Berhad