Fraud Risk Officer - Vice President

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Job Overview

Fraud Risk Officer - Vice President 

Are you looking for a career move that will put you at the heart of a global financial institution?

By Joining Citi Egypt, you will become part of a global organisation 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

The Fraud Risk Management Officer (“FRMO”) serves as the designated in-country First Line of Defence (1LoD) fraud risk representative for Citibank Egypt. Reporting to the Global Fraud Prevention team, this role will be responsible for coordinating fraud risk management activities, facilitating regulatory reporting and engagement, and providing fraud risk advisory support to businesses and functions operating in Egypt.

The Egypt FRMO will work closely with a wide range of internal stakeholders, locally and globally, including Product, Operations, Compliance, Citi Country Management, Operational Risk, Technology, CSIS and Internal Audit. The FRMO will additionally support regional and global fraud management initiatives, projects, reviews and governance activities outside Egypt.

What you’ll do:

• Act as the designated Fraud Risk Management Officer for Egypt in accordance with Central Bank of Egypt requirements and serve as the primary in-country point of contact for fraud risk matters,
• Coordinate submission of fraud-related regulatory reports, notifications and responses to information requests.
• Maintain records of fraud incidents, themes, lessons learned and remediation actions.
• Coordinate review of fraud events and emerging fraud trends affecting Egypt and support analysis of fraud losses, incidents and attempted fraud events.
• Support identification of fraud vulnerabilities and recommend preventative and detective controls.
• Support the execution of Citi’s global fraud risk framework within Egypt: provide First Line fraud input into new activities, products, services and process changes impacting Egypt; participate in risk assessments and control reviews; and escalate material fraud risk concerns to relevant governance forums and control functions.
• Support coordination of fraud investigations involving Egypt, tracking investigation outcomes and corrective actions and supporting root-cause analysis and remediation.
• Coordinate internal escalation and reporting of counterfeit currency matters and fraud incidents as required by regulation.
• Support internal and client fraud awareness programmes and/or training initiatives, as needed. Promote awareness of emerging fraud typologies and control expectations
• In addition to Egypt responsibilities, the incumbent may support regional or global Fraud Risk Management activities as assigned by management.

What we’ll need from you

• Bachelor’s degree in Business, Finance, Economics, Accounting or a related discipline.
• 8+ years experience in Fraud Risk Management, Financial Crime Risk, Operational Risk, Payments Risk, Controls or a related First Line of Defence risk discipline within a financial institution
• Demonstrated subject matter expertise in fraud risk management within a banking or financial services environment, including fraud prevention, detection, incident management and regulatory engagement
• Experience supporting fraud prevention and fraud risk management across banking products and services
• Good understanding of payments, cash management, commercial banking and/or treasury services
• Certified Fraud Examiner (CFE), CAMS or related certifications a bonus
• Strong interest in fraud risk and industry developments globally
• Strong investigative and analytical mindset
• Outstanding communication skills and demonstrated ability to navigate and collaborate across multiple stakeholder groups
• Strong ownership and accountability
• Central Bank or regulator interaction experience would be of benefit.
• Ability to operate independently and capable of multi-tasking in a dynamic environment
• Experience conducting fraud risk assessments and identifying control improvements
• Experience working with regulatory requirements and supporting regulatory engagements
• Experience working across multiple business areas and functions in a matrix organisation
• Experience producing management reporting, risk reporting and governance materials
• Experience supporting implementation of new products, processes or regulatory change is desirable
• Regional or international banking experience would be advantageous

What we can offer you

By joining Citi Egypt, 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 base salary (which is annually reviewed) and enjoy a whole host of additional benefits that support you (and your family) to be well, live well and save well.

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-SM9

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Job Family Group:

Risk Management

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Job Family:

Operational Risk

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Time Type:

Full time

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Most Relevant Skills

Analytical Thinking, Controls Lifecycle, Credible Challenge, Governance, Policy, Procedure, and Regulation, Risk Management Lifecycle.

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Other Relevant Skills

For complementary skills, please see above and/or contact the recruiter.

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