Fraud Risk Lead

We're on a mission to make financial services accessible and effortless for SMEs. As one of Singapore's latest digital wholesale banks fully regulated by MAS, we're committed to continuous innovation to bring about simpler, safer and more rewarding financial services. #bringingaboutwhatsnext

The Fraud Risk Lead acts as the strategic brain and face of fraud risk for the Bank, owning overall strategy, governance, analytics, and external touchpoints for all fraud related areas. This person will be responsible for executing and enhancing the Bank's fraud risk management framework, aligning with MAS guidelines and industry best practices, ad covering fraud strategy, governance, and analytics, while providing oversight to the fraud analysts handling day-to-day monitoring and prevention activities. This role will report in to the Chief Risk Officer.

Responsibilities

Define the fraud risk strategy, appetite, and policies in alignment with enterprise risk and regulatory expectations.

Establishing fraud risk governance forums, reporting dashboards, and KRIs for senior management/board oversight.

Ensure compliance with MAS guidelines and industry fraud standards.

Lead development of fraud detection rules, models, and analytics dashboards.

Conduct fraud trend analysis and horizon scanning to identify emerging threats.

Partner with data science/technology teams to deploy fraud rules/models.

Supervise fraud analysts covering onboarding reviews, transaction monitoring, and investigations.

Provide guidance on case escalation and regulatory reporting.

Act as key liaison with industry fraud forums, and law enforcement on fraud-related matters.

Coordinate with Regulatory Compliance to prepare and report to the regulator/ law enforcers as required.

Develop and provide fraud training for the Bank employees to promote fraud risk awareness and ensure relevant employees are trained on the fraud risk policy.

Define and propose risk management metrics to monitor the risk and control environment; and periodically report to the risk committees to support senior management in risk oversight and governance

Conduct fraud risk assessment on new products launch and processes change

Support internal and external audit engagements, and assessments like RCSA.

Requirements

10+ years fraud risk or financial crime experience in banking/fintech, with exposure to both strategy/policy and operations.

Strong knowledge of banking fraud typologies (application fraud, mule accounts, account takeover, scams, etc.).

Proven experience with fraud analytics/reporting and data-driven detection techniques (rules, ML models, dashboard capabilities).

Ability to manage stakeholders across different functions.

Familiar with MAS regulations on fraud, scam, cyber security, data privacy and any risk related areas.

Self-motivated, independent and possess good verbal and written communication skills.