Financial Risk Specialist
6 days ago
About GXS Bank
We are a forward-thinking financial institution that aims to provide innovative solutions to our customers. Our mission is to redefine how financial services are offered, leveraging technology and data to drive financial inclusion and create a positive impact in our community.
About the role
This Second Line of Defence role under the Risk Management function reports directly to the Head of Fraud Risk. The primary objective is to identify and manage fraud risks, collaborating with business functions to conduct fraud risk assessments, devise and implement fraud rules, and monitor their effectiveness.
Key responsibilities
- Deliver superior financial performance while minimising potential losses
- Contribute to the development of the bank's fraud risk policies
- Analyse internal and external data to identify potential fraud risks and devise effective controls
- Configure and test fraud prevention/detection rules for customer onboarding and transactions
- Monitor dashboards/analytics to track fraud rule effectiveness and customer behavioural trends
- Keep abreast of regulatory changes and emerging risks in Singapore's financial landscape
Collaboration and stakeholder engagement
Cross-functional collaboration is essential in this role. You will work closely with various stakeholders to ensure adequate risk assessment of new products and programs, participate in Risk Management working groups, and contribute to training activities promoting risk awareness.
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