This role within the Operational Risk team is intended for a professional with subject matter expertise in the areas of risk management, operational risk and fraud risk. The team is dedicated to actively employing and strengthening the components of the firm’s operational risk management framework, with focus specifically on fraud risk. 

 

Primary Responsibilities:

Perform ongoing review and oversight of fraud risk, partnering with business and other teams as appropriateReview new activity proposals to evaluate new businesses, and firm acquisitions for operational and fraud risk and requirementsFacilitate operational risk event management data collection, including the detailed reviews of specific fraud operational risk issues/events and trends to identify significant or emerging risks and ensure appropriate remediation plans are implementedIdentify emerging fraud risks within business drivers, regulatory and/or industry changesReview fraud strategies, processes and procedures to identify gaps or challenge opportunities to initiate solutions or improvements for both existing and new business linesResearch and remain current on the latest industry fraud trends and recommend tools, services and practices for improvementWork with business units to develop day to day risk management metrics which quantify the divisions exposure to various types of operational and fraud riskConduct scenario analysis by working with stakeholders to develop and quantify fraud scenarios measuring tail risks used for stress testing and capital calculationsConduct challenge of the business’ Risk and Control Self-Assessment (RCSA)Contribute to the advancement of operational risk methods and practices and the operational risk management frameworkConcisely and effectively communicate to senior management

This role requires an energetic self-starter that can liaise with various business units and federation teams both regionally and globally. Familiarity with the concepts of fraud risk, operational risk, the firm’s process flows and control environment combined with strong interpersonal and analytical skills and a penchant for problem solving are necessary for this role.

 

Qualifications:

Bachelor’s degree and 3+ years of relevant experience working in either fraud prevention or operational risk/financial services with knowledge around financial/banking fraud Knowledge of financial fraud types, industry fraud trends and fraud prevention and detection tools/vendorsExperience with consumer financial products such as credit cards, lending products, checking/deposit accounts and/or investment productsWorking knowledge of applicable laws, regulations, and relevant industry standards pertaining to consumer/retail banking Familiarity with enterprise risk management best-practices and controlsStrong verbal and written communication skillsThe ability to identify and manage key stakeholders, understand their key perspectives, and resolve conflicts constructivelyQualitative and quantitative analytical skills, including the ability to collect, organize and interpret dataProficiency in Excel (pivots, VLookups), PowerPoint, and Sharepoint – Tableau & SQL are a plusThe ability to present with impact and build consensus across senior stakeholder groupsStrong organizational skills – Project management experience is a plusAbility to work in a fast paced environment with a focus on deliveryQuick learner who can thrive working as part as a cross-regional team and individuallyProactive, flexible and ability to multi-task