Industry: Finance & Insurance•
11 - 15 years
Posted 81 days ago
This role is responsible for the independent Enterprise Risk Management Oversight (ERMO) function for FraudRisk Management within the “Second Line of Defense”, and focuses on ensuring riskassociated with internal and external fraud is consistently monitored, measured, governed and effectively managed across the Citizens Financial Group (CFG) footprint.
In addition to overseeing that Fraud Management policies and protocols are sufficient and fit for purpose, the ERMO Fraud Director will work across Independent Risk Management (IRM), First Line Units (FLU), and business/corporate functions to ensure fraud controls are considered as part of operational risk management activities, incorporated into product or service risk profiles, adequately designed and operating effectively. The role will also ensure fraud exposures and losses are properly considered in the Risk Appetite program and that mitigation techniques are in line to prevent threshold and limit breaches.
The ERMO Fraud Director will also develop enterprise fraud risk oversight and reporting routine(s) to monitor various fraud-related risks across products and services, and their alignment with relevant policy and risk management principles. This includes aggregation and evaluation of a number elements emanating from sources/areas which include but are not limited to:
The position will collaborate with respective stakeholders to foster an open and honest risk management culture across relevant areas and ensure timely reporting and escalation of issues. The role will also collaborate across the enterprise with key fraud subject matter experts (SME) and support functions.
Education, Certifications and/or Other Professional Credentials:
Job ID/ Req. Number193099-1