Fraud Risk Officer (maternity cover)

Are you looking for a career move that will place you in a global financial organization? Then bring your skills in reporting, MI, trend analysis and Governance paper preparation to Citi’s ORM Fraud Team.

By joining Citi, you will become part of a global organization whose mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.

Team/Role Overview

ORM Fraud is the 2nd line of defense unit within Operational Risk Management (ORM) that oversees Fraud Risk Management across all businesses and geographies. Individuals in Operational Risk establish and manage operational risk policies, propose strategies, and governance processes designed to minimize losses from inadequate controls, fraud, and potential bankruptcy. This includes supervision over technology operational risk, cyber risk, and 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 focuses on the development of Reporting and Insights to support the broader team, the 1st Line and the businesses to understand the drivers of Fraud and the effectiveness of the existing tools and controls.  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.

What you’ll do

• Design, implement and execute fraud risk insights and reports in Tableau and Excel to support core fraud risk governance, risk appetite, audit and regulatory deliverables.

• Liaise with global and regional teams in several initiatives including data analysis and oversight activities.

• Support Policy and Framework teams collecting and sharing inputs to refine Global policies and procedures.

• Check and ensure that procedures are up-to-date and applied to adequately cover rules and regulations.

• Support the migration of excel reports to Tableau. Provide regular and detailed reports to senior management and stakeholders on the status of fraud risks.

• Analyze data to identify trends or emerging risks and provide timely recommendations to mitigate risk exposure.

• Support the development and implementation of enterprise fraud risk management procedures and methodologies, ensuring their effective application within the business.

• Review and challenge the effectiveness of risk mitigation strategies and control measures implemented by the 1st line of defense.

• Independently assess fraud risks within the business to ensure they are within the acceptable risk appetite, identifying any potential areas of vulnerability.

• 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.

• 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.

• Support independent oversight and assurance over the bank’s broader operational risk management frameworks, ensuring compliance with regulatory requirements and internal policies.

What we’ll need from you

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

• 8+ years of Fraud or Risk Management experience in Banking

• Advanced knowledge of MS Excel and other Office products

• Previous experience developing Tableau and or Excel Dashboards

• Fluent English language skills

• Basic understanding of USPB, Wealth or SMB type products, processes and systems

• Core Risk and control skills and understanding. Knowledge of Fraud Risk is an advantage but not mandatory

• Good understanding of fraud risk management practices and global / regional industry fraud trends

• Understanding of various drivers and metrics and the impact on Citi’s P&L.

• Innovative, well versed in developing new ideas and improving current processes

• Good business understanding and working knowledge of Risk, Legal, Operations, Technology and Finance.

• Project management experience is an advantage

• Knowledge of Operational Risk Management policy, risk identification processes, and risk and control assessment processes highly desired

This is a fixed-term maternity cover position!

What we can offer you

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.

#LI-MF1

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