Fraud Risk Officer (maternity cover)

Job Description:

Individuals in ORM-Fraud establish and manage Fraud risk policies, propose strategies, and governance processes designed to minimize losses from inadequate controls and, fraud. This includes supervision over fraud risk. These individuals are also responsible for the development of tools and infrastructure that support fraud monitoring and prevention, using advanced analytical and statistical skills to identify policy gaps and recommend changes to current policies. This role is crucial to the company as it fortifies against potential operational risks, thereby protecting the company's financial stability and reputation, and contributing towards the overall business resilience and success.

Responsibilities:

• Design, implementation and production of fraud policy framework documents and methodologies, ensuring their effective application within the business;
• Deliver and support core fraud risk governance, audit and regulatory reviews;
• Liaising with global and regional teams in several initiatives and provide guidance on different Policy coverage areas including Fraud Risk Assessment and ORM Fraud Operational routines;
• Check and ensure that procedures are up-to-date and applied to adequately cover rules and regulations;
• Support fraud thematic reviews.
• Ensure completeness and execute testing of ORM Fraud MCA.
• Collaborate with the business to understand its risk profile, evaluate fraud risk exposure, incorporate risk mitigation strategies, and monitor compliance.
•  Provide guidance on risk mitigation strategies, control enhancements, and risk reduction measures to business and other stakeholders.
•  Provide regular and detailed reports to senior management and stakeholders on the status of fraud risks.
•  Analyse data to identify trends or emerging risks and provide timely recommendations to mitigate risk exposure.
•  Lead initiatives to enhance fraud risk management practices, contributing to overall organizational resilience and readiness against potential fraud risks.
•  Ensure all fraud risk management activities comply with internal policies, external regulations, and industry standards.
•  Stay updated on industry best practices and regulatory changes to assess its impact on fraud risk management, and advise the business accordingly.
•  Support the execution of remediation with timely and effective outcomes against regulatory expectations.
•  Promote a culture of risk awareness and accountability in the business, escalating any fraud risks as appropriate and collaborating with teams to establish detective and preventive measures.
•  Support independent oversight and assurance over the bank’s broader operational risk management frameworks, ensuring compliance with regulatory requirements and internal policies.

Qualifications:

• Knowledge of MS Excel and other Office products
• Knowledge of Fraud Risk is an advantage but not mandatory
• Fluent English knowledge
• 5-8 years of experience
• Previous experience supporting risk management, compliance, governance, or controls related roles.
• Understanding of MCA concepts, methodologies, and tools. Previous experience managing MCA is an advantage.

Education:

• Bachelor’s/University degree, Master’s degree preferred

What we can offer you:

This role will offer you the opportunity to build a solid understanding of financial services operations and deepen your knowledge about effective regulatory requirements.  Since the regulatory landscape is continuously changing it will support your development that can drive your career.

By joining Citi Hungary, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), but also receive a competitive compensation package and enjoy a whole host of additional benefits that support you (and your family) to be well, live well and save well:

• Cafeteria Program
• Home Office Allowance (for colleagues working in hybrid work models)
• Paid Parental Leave Program (maternity and paternity leave)
• Private Medical Care Program and onsite medical rooms at our offices
• Pension Plan Contribution to voluntary pension fund
• Group Life Insurance
• Employee Assistance Program
• Access to a wide variety of learning and development programs, online course libraries and upskilling platforms, such as Udemy and Degreed
• Flexible work arrangements to support you in managing work - life balance
• Career progression opportunities across geographies and business lines
• Socially active employee communities with diverse networking opportunities

Alongside these benefits Citi is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self every day.  We want the best talent around the world to be energized to join us, motivated to stay, and empowered to thrive. 

Sounds like Citi has everything you need? Then apply to discover the true extent of your capabilities.

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Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.

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