Job Description

SVP, Head of Fraud Analytics, Group Compliance

Posting Date: 25-May-2023

Location:
Raffles (City Area), Singapore, 048624

Company: United Overseas Bank Ltd

About UOB

UOB is an equal opportunity employer. UOB does not discriminate on the basis of a candidate\'s age, race, gender, color, religion, sexual orientation, physical or mental disability, or other non-merit factors. All employment decisions at UOB are based on business needs, job requirements and qualifications. If you require any assistance or accommodations to be made for the recruitment process, please inform us when you submit your online application.

Apply now and make a difference.

About the Department

The Compliance function is a strategic partner and a trusted business enabler to the Board and senior management. It is our responsibility to ensure that the Group continuously fulfils its regulatory obligations in today\'s tight and dynamic regulatory landscape. To do that, we work closely with internal stakeholders to identify and to assess regulatory risks. This collaboration also includes developing practical solutions that integrate regulations into operational requirements as well as actively shaping and promoting stronger compliance culture and literacy in the Bank.

Job Responsibilities

We are seeking an experienced and highly motivated individual to lead our Fraud Analytics team within the Group Compliance department. The ideal candidate will have a strong background in data analysis, risk management, and financial services, with a focus on fraud detection and prevention.

• Develop, implement, and maintain a comprehensive fraud analytics strategy to identify, assess, and mitigate fraud risks across the organization.
• Lead and manage the Fraud Analytics team, providing guidance, mentoring, and support to ensure the team\'s success.
• Collaborate with various internal and external stakeholders to identify, evaluate and monitor emerging fraud trends and risks.
• Design and implement fraud detection models, rules, algorithms and dashboards to enhance the bank\'s fraud prevention capabilities.
• Oversee the monitoring, analysis, and reporting of fraud-related data to drive continuous improvement in fraud detection and prevention efforts.
• Develop and implement fraud-related model development policies, procedures, and controls.
• Assist in compliance with applicable laws, regulations, and industry good practices related to fraud prevention and detection by leveraging advanced data analytics techniques and solutions.
• Continuously evaluate the effectiveness of the fraud analytics program and recommend improvements as needed.

Job Requirements

• Bachelor\'s degree in Data Science, Statistics, Finance, or a related field; a Master\'s degree or relevant professional certifications are a plus.
• Minimum of 12 years of experience in the financial services industry, with at least 8 years in a fraud analytics or risk management role.
• Proven experience in developing and implementing fraud analytics strategies and solutions.
• Able to instill strong Model Governance throughout the model development cycle.
• Strong project management skills with experience in leading large projects and establishing new operating models.
• Strong knowledge of financial services regulations, industry best practices, and emerging fraud trends.
• Excellent analytical, problem-solving, and decision-making skills.
• Proficiency in data analysis tools and software, such as SQL, R, Python, or SAS.
• Experience with big data analytics tools and frameworks, including Hive, Spark, and Impala.
• Demonstrated leadership and team management abilities.
• Excellent communication and interpersonal skills, with the ability to collaborate effectively across various business units and functions.

Be a part of UOB Family

UOB is an equal opportunity employer. UOB does not discriminate on the basis of a candidate\'s age, race, gender, color, religion, sexual orientation, physical or mental disability, or other non-merit factors. All employment decisions at UOB are based on business needs, job requirements and qualifications. If you require any assistance or accommodations to be made for the recruitment process, please inform us when you submit your online application.

Apply now and make a difference.

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