Unit Head (Fraud Risk Management)

Job Description

Title: Unit Head (Fraud Risk Management)

Company Name: A reputed private commercial bank

Vacancy: Not specific

Job Location: Dhaka

Employment Status: Full-time

Educational Requirements:
∎ Bachelor degree in any discipline
∎ BBA/ MBA is preferred

Experience Requirements:
∎ At least 5 year(s)

Job Responsibilities:
∎ Manage Fraud Investigation Framework and ensure its efficiency
∎ Manage fraud risk, assist businesses with implementing the 'best in class' tools & processes to minimize fraud losses while maintaining and adhering to Customer charter goals and objectives Developing a proactive, independent and a balanced fraud risk deterrent awareness culture within the Bank businesses.
∎ Make creative decisions to resolve issues of day-to-day fraudulent and suspicious issues/incidents related to card transaction both issuing and acquiring from various sources and close matters upon investigating with effective solutions to minimizing the recurrence of similar type of incidents in future.
∎ Oversee yearly budgets for the unit cost, cap plan and help business to make fraud loss budget by giving relevant data/trends.
∎ Ensure achieving an optimal balance regards to cost, efficiency, operational risk and customer service.
∎ Manage emergency situation relating to Fraud Risk and handle sensitive issues in liaison with the concerned units to settle the issues in an amicable manner to minimize the potential adverse effect.
∎ Review capacity plan to ensure the adequacy of resources to deliver the business objectives through effective risk management and reinforce the effectiveness of existing fraud detection tools and prevention methods.
∎ Coordinate the collation of fraud loss data, investigative root cause analysis, and external industry information for reporting to stakeholders
∎ Coordinate the collective market fraud intelligence to drive current and future fraud containment strategies.
∎ Develop and maintain strong contacts with card industry & law enforcement agencies
∎ Identify, assess, and implement leading technology solutions to reduce fraud loss.

Additional Requirements:
∎ At least 5 years in Fraud Risk Management area.
∎ Good working knowledge of card and other retail products of the industry.
∎ Strong written & oral communication and influencing ability to create effective work relationships within and across functions.
∎ Awareness and understanding of the regulatory framework in which the firm operates, and the regulatory requirements and expectations relevant to the role of Unit Head Fraud Risk Management.

Salary: Negotiable

Job Source: Bdjobs.com Online Job Posting.

Application Deadline: 13 Aug 2022

Company Information:
∎ 3 Aug 2022
∎ A reputed private commercial bank
∎ Business : Private Commercial Bank

Category: Bank/Non-Bank Fin. Institution


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