Job Description

Job Summary

• Singapore
• Permanent
• JN -072023-1941787
• Jul 10, 2023
• Competitive

Morgan McKinley is working in partnership with a Digital Bank with strong footprints and relationship in the Asia region.

Key Responsibilities:

• Develop, implement, and maintain the FRM framework, including policies, procedures, and templates.
• Monitor changes to the fraud landscape, industry practices, and technologies, and enhance the fraud risk strategy accordingly.
• Monitor new regulatory requirements and conduct gap analysis against the FRM framework to ensure compliance.
• Implement and periodically test, review, and enhance fraud risk monitoring rulesets and controls.
• Analyze data to detect fraud patterns and identify emerging fraud risks in digital banking and external environments.
• Lead the fraud investigation team in responding to fraud incidents, conducting investigations, and coordinating with regulatory bodies when required.
• Provide fraud training to employees to promote fraud risk awareness and ensure adherence to fraud risk policies.
• Define and propose risk management metrics to monitor the risk and control environment and report to risk committees.
• Monitor the implementation of controls by employees, personnel, and service providers to achieve FRM objectives.
• Monitor issues and remediations, report high-risk and emerging risk trends to risk committees.
• Facilitate the risk acceptance process, evaluate risk and compensating controls, and set conditions on risk acceptance.
• Participate in risk management committee meetings and assess the impact of emerging risks on FRM.
• Conduct fraud risk assessments on new products and processes.
• Support internal and external audit/assessment engagements.

Job Requirements:

• 5+ years of relevant fraud risk management experience in financial services, law enforcement, or fraud technology companies.
• Familiarity with digital banking, digital security, fraud landscape, fraud risk models, fraud schemes (e.g., Trojans, injections, and social engineering), fraud prevention/detection, and fraud investigation.
• Knowledge of MAS regulations on conduct, fraud, information and cyber security, data, and technology risk management standards (e.g., MAS 641), as well as industry developments and legislation.
• Self-motivated, independent, and possess excellent verbal and written communication skills.
• Analytical with strong attention to detail.
• Advantageous to have experience in forensics/data analytics, data mining, and cyber forensic tools.

If you are interested in the role and would like to discuss the opportunity further, please click apply now or email Hagen at for more information.

Only shortlisted candidates will be responded to, therefore if you do not receive a response within 14 days please accept this as notification that you have not been shortlisted.

Morgan McKinley Pte Ltd, EA License No: 11C5502

Lee Boon Hou (Hagen), Registration No: R1870932

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