INTERNAL FRAUD STRATEGY LEAD 1LOD

WHAT IS THE OPPORTUNITY?

The Internal Fraud Strategy Lead participates actively in the Bank's fraud prevention and risk management activities to identify and mitigate both the Bank's and our clients' exposure to potential fraudulent activities. The Lead is responsible for evaluating client and employees and situational/threat trends by payment type, division, fraud schemes and other relevant metrics. This position is responsible for ongoing analytics and recommendations which are presented to senior executive management enterprise wide and used to rapidly respond to emerging fraudulent activities. The individual should be able to identify the current or upcoming risk and design an end-to-end control strategy to mitigate against the risk. The Lead should be able to identify the trend, analyze data and provide information-based recommendation to optimize the control environment. In addition, the lead will use the analytics to identify gaps, risks and issues to better drive fraud mitigation performance.

• Strategy: Build and steward the implementation of the fraud road map for the Internal fraud unit partnering with stakeholders (LOB owners, Legal/Compliance), operations, and Risk functional leaders. Identify the fraud scheme experience and design a strategy managing risk and customer experience
• Planning: Lead efforts to evaluate current and upcoming threats, identify control environment and opportunity and determine enhancement and work with product, technology, operations to create a roadmap
• New Product Assessment and Business Enablement: Partner with business and product stakeholder to ensure the products can be securely rolled out
• Risk Assessment: Partnering to execute Fraud Risk Assessment to ensure the vulnerabilities are identified and steps are taken to mitigate the risk
• Execution: Have end to end ownership of the identified fraud risk and operational metrics. Use data to identify current, historic and emerging risks within accounts, across channels and within products. With your deep domain experience in using data and analytics you help mitigate internal fraud while creating "friction right" experiences that enable growth.
• Partner with the Technology team, the Customer Service team and other functions to evaluate the organization's internal fraudstrategy, transaction processes and regulatory adherence, then identify opportunities for improvement and work to bring that to life.
• System: Working with Fraud Rules Strategy, this role will evaluate and identify risks in system rule efficiency and effectiveness.
• Communication: Concisely communicate the fraud trend recommendation to the stakeholders including leadership across different groups to ensure alignment.