Compliance Fraud Risk Officer

Compliance Fraud Risk Officer

About The Company

Sing Investments & Finance Limited has 60 years of lending experience in the financing arena in Singapore. Our core activities include the acceptance of fixed and saving deposits from the public as well as the provision of loans and credit facilities to individuals and corporations, particularly the Small and Medium Enterprises (SMEs) in Singapore. The relationships that have been built over the years have earned us the reputation as one of Singapore's trusted finance companies. We are seeking dynamic individuals to grow with us and to continue building relationships with our valued customers.

We are seeking a highly motivated and skilled professional to join our Compliance Function as an Assistant Vice President (AVP), Fraud Risk Management. The successful candidate will play a pivotal role in leading and supporting our firm's fraud risk function, overseeing fraud detection, prevention, investigation, and response. This role requires both operational excellence and forward-looking capabilities to anticipate, manage, and mitigate emerging fraud risks in an increasingly digital financial landscape.

The AVP will collaborate closely with Compliance, Operations, Technology, Business and Internal Audit teams to strengthen the bank's fraud resilience and ensure alignment with Monetary Authority of Singapore (MAS) regulatory expectations and industry best practices.

Responsibilities:

1. Fraud Risk Governance & Strategy:

2. Lead the finance company's fraud risk management framework, policies, and procedures in line with MAS requirements, industry best practices, and internal standards.

3. Develop and implement strategies to proactively manage fraud threats, including cyber-enabled fraud, scams, mule accounts, and emerging typologies.

4. Drive continuous enhancement of fraud risk appetite, thresholds, and escalation protocols.

5. Emerging Fraud Risk Management:

6. Monitor local and global fraud trends, regulatory updates, and industry developments to identify evolving threats.

7. Recommend and implement proactive measures (controls, training, monitoring rules) to mitigate new fraud typologies.

8. Support fraud risk scenario planning, stress testing, and fraud intelligence sharing with regulators and industry peers.

9. Fraud Prevention, Detection & Investigation:

10. Oversee day-to-day fraud monitoring, investigations, and case management across banking products and channels.

11. Lead investigations into fraud incidents, working with internal stakeholders and external law enforcement/regulators as needed.
12. Ensure timely and accurate reporting of fraud cases to MAS and other authorities, where required.

13. Involve in AFS system monitoring of potential alerts, prompt and proper follow-up, as well as rules / scenarios maintenance.

14. Stakeholder Engagement & Advisory

15. Act as subject matter expert (SME) on fraud risks, advising senior management and business units.

16. Conduct fraud risk assessments for new products, services, and digital initiatives.
17. Build fraud awareness across the bank through training and engagement sessions.

18. Support project to enhance the AFS system.

19. Team Leadership & Development

20. Supervise and guide direct report of fraud analysts/investigators.

21. Foster a culture of vigilance, collaboration, and innovation in fraud risk management.
22. Support succession planning and skills development within the fraud team.

Requirements:

• Bachelor's degree in Finance, Business, Risk Management, or related discipline.
• Minimum 8 to 12 years of relevant experience in fraud risk management, investigations, or financial crime compliance within banking or financial services.

• Strong knowledge of MAS regulations, fraud risk guidelines, and AML/CFT standards.

• Proven expertise in fraud detection, prevention, and investigation.

• Familiarity with fraud analytics, case management systems, and transaction monitoring tools.
• Ability to anticipate and manage emerging fraud risks (e.g., phishing, scams, mule accounts, synthetic ID fraud, digital channels).
• Strong analytical, investigative, and problem-solving skills.
• Excellent stakeholder management and communication skills, with ability to engage senior management and regulators.

• Demonstrated leadership capabilities in managing small teams.

• Proactive, resilient, and adaptable with strong ethical standards.

• Growth mindset with passion for innovation in fraud risk management.
• Strong sense of accountability and sound judgment under pressure.

Only shortlisted candidates will be notified.

Remuneration and corporate rank will commensurate with experience.