Job Title: Fraud Director
Department: Financial Crime Group / Compliance Department
Location: London, EMEA Division
Reports to: Head of Financial Crime Compliance
Day rate: Up to £950pd inside IR35
Purpose of the Role:
- Develop and implement a comprehensive Fraud risk management framework.
- Provide support and guidance on Fraud risk management to business units in London and EMEA offices.
- Offer expert advice on regulatory and legal expectations concerning fraud.
- Collaborate with financial crime leads to devise a regional fraud risk management strategy.
Key Responsibilities:
- Serve as the subject matter expert on fraud, providing advisory support within the second line of defence.
- Identify and communicate impacts of fraud risk to other areas within the organisation, taking appropriate actions.
- Continuously develop and enhance the Fraud framework to ensure it meets regulatory expectations and addresses emerging threats and risks.
- Analyse and interpret fraud regulations and laws to ensure effective management and compliance.
- Oversee and manage relevant Fraud Policies and Procedures/Standards.
- Review and implement recommendations from both internal and external audits and risk assessments.
- Strengthen Fraud systems and controls through regular review and updates aligned with regulatory requirements and industry best practices.
- Develop and maintain strong relationships with internal and external stakeholders to foster best practices and ensure comprehensive understanding of financial crime requirements.
- Identify and address training needs across all departments within the three lines of defence framework.
Knowledge, Skills, Experience & Qualifications:
- Degree in a relevant field and professional qualifications in financial crime.
- Extensive experience in implementing enterprise-wide Fraud risk management frameworks.
- In-depth knowledge of industry practices and tools for combating fraud and other financial crimes.
- Proven ability to provide specific, targeted advice and guidance as a subject matter expert.
- Strong collaboration skills to build and maintain effective working relationships with stakeholders.
- Ability to work under pressure, manage competing priorities, and meet deadlines with attention to detail.
- Significant experience in managing financial crime at an international level.
- Effective decision-making skills, with the ability to influence and motivate individuals at all levels.
- Proficiency in formal report writing to communicate investigative findings, policies, procedures, and training materials to a diverse audience.
- Capability to initiate and implement changes to improve efficiency and effectiveness.
- Strong teamwork and collaboration skills to drive organisational change.
Challenges:
- Interpret and apply the expectations of multiple regulatory authorities while managing competing priorities.
- Provide comprehensive support across the three lines of defence to enhance financial crime awareness, understanding, and applicability to the organisation's business activities.
You will need strong FS experience in the Banking sector to be considered for this role, along with demonstrable experience in implementing enterprise wide Fraud risk management frameworks.
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