Lead, FCC Controls

Key Responsibilities

• To lead regular proactive thematic reviews or strategic data analysis to identify emerging financial crime risks, fraud risks and new modus operandi. Provide recommendations on control enhancements to minimise fraud losses or exposure to money laundering risks for the Bank
• To conduct root cause analysis for fraud or financial crime risk incidents; design and implementation of preventive and mitigating measures; prepare relevant Management Information report to ensure timely and proper escalation and to evaluate the performance of risk control measures
• To lead and drive FCC related projects and regulatory initiatives across the Bank
• Lead the FCC Controls team and manage a team of investigators to perform case investigations and prepare investigation reports on transaction monitoring alerts, external fraud incidents and Law Enforcement Agency (LEA) referrals; identify unusual customer behaviours and refer such unusual transactions patterns to the JFIU through filing of Suspicious Transactions Report (STR)
• Ensure sufficient resources are available to support the business and operations; Regularly look into existing process for streamlining opportunities including the use of data analysis, challenge the status quo and initiate changes to achieve better efficiency through exploring the development of advance analytics capability
• To cooperate with LEA closely for the sharing, analysis, dissemination and action on intelligence.
• Work closely with CDD Operations and Fraud Operations team (1LOD), regularly challenge and provide feedback to the teams and ensure the quality of investigations are up to the standards and expectations; smoothen and streamline the escalation process between 1LOD to FCC
• To provide support to the Head of FCC on any ad-hoc matters as required

Skills, Knowledge & Expertise

• University graduate or above in any discipline
• Minimum 7 years’ experience in financial crime compliance, fraud risk management or investigations in a banking environment with at least 3 year of team leading experience
• Possess a comprehensive risk management mindset including financial crime risk, credit risk, fraud risk and operational risks, etc.
• Good knowledge of financial crime compliance and fraud risk management framework, good analytical skills and incident management experience
• Sound business acumen, able to make judgment independently with strong sense of ownership
• Excellent stakeholder management and report writing skills and meticulous to details
• Above all, possess an “can-do” attitude and willing to challenge the status quo