Senior Manager, Fraud & Investigation

Mandatory Reference Checking Scheme (“MRC”) for Hong Kong

The Mandatory Reference Checking Scheme is a framework to facilitate Authorized Institutions (“AIs”) to bilaterally obtain reference information during their recruitment process for certain positions, such that misconduct information in an individual’s previous employments can be provided to AIs to inform their employment decisions.

For information related to MRC Scheme, “Frequently Asked Questions for In Scope Individuals” is published by HKAB/Industry Guidelines (https://www.hkab.org.hk/en/home) or further information will be available upon request, if it is applicable to the position(s) applied.

Country of Location:

China Hong Kong

Job Responsibilities:

• Develop and maintain the Bank’s enterprise fraud risk management policy, guidelines and procedures. • Undertake the second line of defense (2LoD) role in managing fraud risk including conducting periodic fraud risk assessments taking a risk-based approach. • Develop a structured process for managing fraud risk identification, assessment, reporting, control and mitigation. • Develop and provide training on fraud risk management and fraud prevention. • As Subject Matter Expert (SME) to review and challenge the fraud risk assessment completed by BU/SU for new product/service or departmental review. • Carry out thematic reviews and fraud risk analysis on fraud related controls against BU/SU activities, taking a risk-based approach in selection of controls and based on recent fraud trend. • Carry out investigations on potential fraud committed against the bank and ensure compliance with internal and external guidelines and policies • Capture lessons learnt and recommendations from fraud cases and emerging trends, and recommend control improvements to 1LoD. • Keep abreast of the trends of fraud and common modus operandi in the industry and within the Bank. Identify and advise businesses on existing and emerging fraud risks. • Work with Operational Risk to report the bankwide fraud KRIs and metrics in Operational Risk Committee. • Adhere to and uphold the Bank's corporate values and risk control culture, and contribute to a better control environment and standard via own adherence and effort in driving changes as appropriate. • Comply with legal & regulatory standards, the Bank's Code of Conduct, Compliance Manual and other policies, guidelines and procedures at all times.

Requirements:

• Degree holder in Law, Accounting or related disciplines;
• At least 3 years legal, audit or compliance experience preferable in a sizable financial institution and/or regulatory bodies;
• Knowledge in fraud risk assessment, fraud analytics and fraud monitoring;
• Understanding of fraud controls and relevant regulatory requirements;
• Understanding of the legal and regulatory framework relating to financial crime, investigations and litigations procedures and evidence preservation rules;
• Good command of written and spoken English and Chinese (including Putonghua).