Fraud Risk Oversight Lead - Allen, TX ( GC or Citizens )

IT

Role: Fraud Risk Oversight Lead
Location: Allen, TX
Duration: 6+ Months

BGV will be done for the selected candidates.

This position is responsible for facilitating the enterprise-wide fraud management efforts to assist business/functions in effectively identifying, preventing, detecting, managing, monitoring, testing, investigating and reporting fraud risks across all business/functions in the area(s) of responsibility. Provides Second Line of Defense oversight to support fraud risk management within business/functions and oversee the managing of internal risks and controls for the regional fraud investigation functions. Direct areas of responsibility in compliance with all governing regulations and in accordance with the Fraud Management Programme (FMP). This position interfaces with all Business Risk Governance Functions, 2nd Line Functions (Compliance, Risk Management and Global Security Office), and other partners & vendors.

§Ensure timeliness and accuracy of responses, adherence to internal policies and external regulations and maximized contribution to economic profit. Coordinate activities with other areas of the Company as required to ensure smooth implementation of new and/or enhanced processes or systems related to anti-fraud controls.
§Oversee and enforce an effective, integrated enterprise wide fraud risk framework, including Global Fraud Management Policy, anti-fraud procedures, Risk and Control Assessments, and control monitoring across the Region.
§Engage in the design and development of assessment process related to new products, product features, and processes to ensure inherent fraud risks are identified and controlled.
§Support business/functions to communicate and provide ongoing training and awareness to target audience, as well as provide fraud risk information/reports to 1st line specific forums.
§Provide financial, reporting, KPI’s, project and/or operational support of a more complex nature for assigned department or business of the Company.
Customers/Stakeholders
§Advise and partner with the business/functions during thedevelopment and deployment of preventive and detective fraud control activities and resources.
§Monitor and test key controls on a risk-based approach and escalate issues to first lineensuring loss mitigation controls are robust and kept current and responsive to changing trends.
§Collect, triage and manage allegations also oversight 1st line or conduct investigation, documenting and tracking its efforts and results.
Leadership & Teamwork
§Promote an environment that supports diversity and reflects XYZ Inc brand.
§Effective collaboration with key stakeholders and other Fraud functions to successfully integrate fraud risk identification and mitigation.
§Willingness to take on additional tasks and/or duties as needed.
§Set an example for team members when faced with adversity.
Operational Effectiveness & Control
§Assist business/functions in the implementation of processes/controls to mitigate risks identified as a result of fraud investigations.
§Assist business/functions in the effective mitigation of key fraud risks through review of Risk and Control Assessments, Internal Control/Compliance Monitoring Plans, and procedure reviews.
§Assess the performance of risks and controls within the fraud functions and provide guidance on control environment activities.
§To implement the Group compliance policy locally by containing compliance risk in liaison with the Head of Group Compliance, Global Business Compliance Officer, Area Compliance Officer or Local Compliance Officer, ensuring adequate compliance resources and training, fostering a compliance culture and optimizing relations with regulators.
§Complete other responsibilities, as assigned.
Major Challenges
§The need to deal with complex business needs and/or compressed project deliverable dates.
§The ability to work with global business and functions to ensure comprehensive understanding of business and products across the organization to identify key fraud risks and provide related mitigating activities.
Role Context
§Will have direct control over project deliverables within the usual authority limits within area(s) of responsibility and may be required to work independently, as part of a team, or provide guidance to less experienced personnel.
§Adherence to project management methodologies and manage projects in accordance with market and company’s standards.
§Required to coordinate multiple projects involving interaction with several business areas.
§Expected to adopt a flexible approach in terms of working hours and travel to other locations.
Management of Risk
§Ensure compliance, operational risk controls in accordance with XYZ Inc or regulatory standards and policies; and optimize relations with regulators by addressing any issues.
§Administer reporting up channel owned by the Compliance department.
§Escalate significant fraud risks, control weakness, risk events or other issues of concern to appropriate risk oversight forums such as Regional Risk Management Committee.
Observation of Internal Controls
§Maintains XYZ Inc internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators.
§As appropriate for the role, ensures alignment with regulatory requirements, the Compliance of FMP, other Group policies and all related policies and procedures.
§Oversee and enforce an effective, integrated enterprise wide fraud risk framework, including policies, procedures, Risk and Control Assessments, and control monitoring and testing across the Region.

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