Anti-Fraud Governance Associate

Role Description

This position sits within the Compliance Anti-Fraud Team which is part of the SMBC Compliance department (CPAD).  The Anti-Fraud Team is responsible for developing, overseeing, maintaining, and supporting the Anti-Fraud program including, Internal Fraud Risk Management. This team acts in an advisory capacity and as a subject matter expert providing credible challenge to in-scope first line of defense activities and performing second level controls.

The Anti-Fraud Compliance Associate functions within the Compliance Anti-Fraud team which is responsible for developing, maintaining, supporting the Anti-Fraud program and ensuring compliance with internal policies and procedures. This team acts in an advisory capacity and as a subject matter expert providing credible challenge to in-scope first line of defense activities and performing second level controls.

Role Objectives

This role will report and assist the VP of Anti-Fraud Governance, CPAD, with initiatives pertaining to the Internal Fraud program. The chosen candidate will assist in developing policies and procedures, related training, and communications as well as support with assigned projects aimed to improve program effectiveness and efficiencies.

The job responsibilities are described herein, but are not all inclusive:

1. Assist in conducting fraud risk assessments across products, services, processes, and third-party relationship to identify any potential vulnerabilities.
2. Assist in updating related trainings, communications, and support the development and maintenance of fraud policies and procedures.
3. Support the development, implementation, and maintenance of fraud risk management policies, procedures, and internal control enhancement recommendation.
4. Assist management in re-mediating open Audit Findings and Self-Identified Issues linked to the Anti-Fraud program.
5. Monitor and analyze fraud trends, typologies, and indicators to assist in early detection and proactive mitigation.
6. Assist in Fraud technology projects for enhancement of both internal and external fraud monitoring capabilities.
7. Review fraud-related alerts, reports, or transaction activities escalated by key stakeholders.  Coordinate with stakeholders to ensure timely and accurate completion of project deliverables.
8. Identify opportunities and recommend enhancements to systems and processes.
9. Assist with the preparation of fraud metrics, dashboards, and management reporting.
10. Develop and maintain partnerships and good working relationships with stakeholders.
11. Adhere to proper departmental practices to consistently maintain and safeguard confidentiality of information and support the highest level of ethical standards.

Qualifications and Skills

1. Knowledge in banking regulations and experience with working in Fraud, Financial Services Compliance, auditing, or another regulatory field.
2. Ability to support formulating policies, procedures, and related documentation.
3. Highly analytical with effective research, professional networking, and interpersonal skills
4. Demonstrated ability to build and maintain strong credible relationships with key stakeholder groups
5. Ability to work in a dynamic environment, and adjust to changing priorities
6. Technical proficiency in Microsoft Office (Word, Excel, Power Point, etc.) and have strong verbal and written communication skills to relay information efficiently.
7. Self-motivated and able to handle tasks with minimal supervisions
8. Certified Fraud Examiner (CFE) is preferred, though not mandatory