Unit Head, Fraud Risk Management

Job Description

Title: Unit Head, Fraud Risk Management

Company Name: BRAC Bank PLC

Vacancy: --

Age: Na

Job Location: Anywhere in Bangladesh

Salary: --

Experience:

• 10 to 12 years
• The applicants should have experience in the following business area(s): Banks

• Masters
• Bachelor/Honors

• Post Graduation/Graduation from a UGC-approved university preferably in finance, Business, Economics with a satisfactory academic track record.

• Professional credentials associated with Fraud Risk are highly desirable.

• 10 to 12 years
• The applicants should have experience in the following business area(s): Banks

• At least 10–12 years’ experience in fraud risk management or financial crime prevention within a regulated banking or financial institution.

• Demonstrated experience in developing and executing fraud risk strategies, embedding fraud controls into business operations, and leading cross-functional teams.

• Strong analytical skills, familiarity with fraud detection tools, data analytics, rule-based systems, identification of emerging fraud typologies.

• Excellent stakeholder management and influencing skills — ability to engage with senior business leaders, regulators, auditors and external bodies.

• Outstanding communication skills with the ability to present complex issues simply to Board and executive level.

• Expert in customer centricity, team player and keen to develop others.

BRAC Bank PLC is a full-service private commercial bank in Bangladesh, aiming to become the most trusted, innovative and inclusive bank, driven by purpose and powered by people. It plays a pivotal role in shaping the country`s financial future, with a clear focus on sustainability. With the highest market capitalisation, the highest international shareholding and the country’s best credit rating, the bank leads the Bangladesh banking industry in key financial metrics. BRAC Bank is considered the standard bearer of good governance, ethics and values-based banking. BRAC Bank today serves as a trusted partner for individuals and businesses across every segment of the economy - Small & Medium Enterprises (SME), Corporate & Institutional and Retail Banking.

BRAC Bank seeks an ambitious, intelligent, purpose-driven, and enthusiastic individual for the following position in its Risk Management Division:

Key Responsibilities:

Strategic Leadership & Governance

• Define and lead the Bank’s fraud risk strategy covering all channels, products and customer segments, ensuring alignment with the Bank’s risk appetite and overall risk management framework.

• Drive enterprise-wide fraud risk assessments (including emerging typologies) and ensure fraud risks are quantified, monitored and reported effectively to Executive Management and the Board.

• Establish and maintain governance forums, oversight mechanisms and performance metrics for fraud risk, including regular reporting of key loss events, trends, KPIs and control effectiveness.

• Maintain strong relationships with regulatory bodies, industry forums, peer institutions and external stakeholders to stay ahead of fraud emerging threats and ensure compliance with relevant regulations.

Control Framework & Process

• Develop, implement and review policies, standards, procedures and controls for fraud risk prevention, detection, investigation and recovery, including digital/transactional fraud, internal fraud, fraud in outsourcing/vendor relationships, identity theft, scams and social engineering.

• Oversee deployment of analytics, rule-based systems, machine-learning or advanced monitoring tools to identify anomalous behavior, suspicious transactions and emerging fraud patterns.

• Collaborate with business units (first line) to ensure fraud risk is embedded into product design, channel strategy, process flows and customer journeys, balancing frictionless customer experience with robust protection.

• Lead investigations of significant fraud events, ensure timely escalation, ensure root-cause analyses, implement remediation, recovery and lessons-learned programs.

Awareness, Culture & Capability Building

• Champion a strong fraud risk culture across the Bank.

• Develop and lead a high-performing team of fraud risk professionals (investigation, analytics, prevention), ensuring appropriate talent management, performance metrics and succession planning.

Governance, Risk and Compliance:

• Produce comprehensive fraud risk dashboards, metrics, trend analyses and loss reporting for senior management and Board.

• Ensure fraud risk data and intelligence is aligned with the Bank’s enterprise risk management (ERM) framework, regulatory submissions and internal audit requirements.

Risk Systems & Projects:

• Initiate/ Coordinate process development/ Automation to bring more efficiency within the team.

• Act as a project manager of various risk projects associated with fraud risk.