Citi

Operational Fraud Risk Senior Lead, Senior Vice President

Citi

full-time

Posted on:

Origin:  • 🇺🇸 United States • New York

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Salary

💰 $144,480 - $216,720 per year

Job Level

Senior

About the role

  • Provide independent oversight and assurance over the bank’s Fraud Risk management frameworks, ensuring compliance with regulatory requirements and internal policies.
  • Guide and assist in the implementation of sound and effective fraud processes and monitoring across all Internal Fraud Risk taxonomies.
  • Lead risk assessments and reviews of business units to identify, assess, and monitor internal fraud risks.
  • Review and challenge the effectiveness of risk mitigation strategies and control measures implemented by the First Line of Defense (1LOD) in managing internal fraud risk.
  • Independently leverage risk assessment tools & methodologies to conduct thorough investigations into areas of concern, ensuring that tangible outcomes are achieved.
  • Lead the root cause analysis of significant incidents and ensure that appropriate corrective actions are implemented.
  • Monitor the effectiveness of incident management processes and recommend improvements as necessary.
  • Active involvement in the Business Fraud Transformation Programs, including regulatory commitments, providing an independent assessment, credible challenge, etc.
  • Produce comprehensive and accurate risk reports for senior management, highlighting key risks, trends, and emerging issues.
  • Support the ongoing development and refinement of Fraud Risk Management Frameworks and underpinning Policies, Standards, Procedures.
  • Build & maintain effective working relationships with other Control functions (e.g. product development, informational security, insider threat, channel owners etc.) positioning yourself as a trusted partner, leading to better alignment of fraud risk management activities with Business objectives.
  • Act as a trusted advisor to business units, providing expert guidance on fraud risk mitigation strategies, control enhancements, & risk reduction measures.
  • Monitor regulatory developments to ensure the organization remains compliant with evolving legal requirements, proactively manages emerging fraud risks, & makes informed strategic decisions.
  • Facilitate fraud risk workshops, training sessions, and awareness programs to promote a strong risk culture within the bank.
  • Contribute to strategic planning sessions devising comprehensive plans that align with the organization’s goals & objectives.

Requirements

  • 10+ years Fraud Risk Management expertise in Banking, Payments, or Finance
  • Extensive knowledge of Fraud Risk Management and underlying Policies, Procedures, Regulatory requirements is preferred.
  • Proven record of delivering tangible outcomes in Fraud Risk management, demonstrating ability to apply expertise effectively & drive meaningful results.
  • Understanding of Internal fraud taxonomy, processes and controls in mitigating the risk.
  • Ability to work independently at times and drive effective challenge.
  • Strong analytical skills with the ability to analyze risk data, identify trends, & develop actionable insights.
  • Excellent problem solving and interpersonal skills with flexibility to navigate dynamic business & threat environments.
  • Outstanding communication and influencing skills through all levels of the organization, with the ability to articulate & present complex risk concepts.
  • Exceptional relationship management skills; must be able to address and resolve conflict while maintaining relationships.
  • Ability to work effectively with individuals from diverse backgrounds, geographies, and levels/positions.
  • Education: Bachelor’s/University degree, Master’s degree preferred.