Fraud Risk Oversight Senior Consultant

Northern Trust

7 - 9 years

20 - 25 Lacs

pune

Posted:None| Platform:

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Skills Required

training asset servicing wealth management financial risk finance subject matter expert technology solutions risk management financial services business operations

Work Mode

Work from Office

Job Type

Full Time

Job Description

Summary: Responsible for providing independent Second Line of Defense (2LoD) oversight, review and challenge to the First Line of Defense (1LoD) and various Business Units (BU) to ensure that Northern Trust s enterprise fraud policies and applicable risk management framework is effectively implemented to mitigate fraud risks.

Responsibilities:

Lead independent oversight of the 1LoD and BU fraud risk management activities.
Review and challenge the effectiveness of 1LOD fraud prevention, detection, authentication, training and response strategies.
Assess and advise the adequacy of the fraud risk control environment to ensure that they are aligned with regulatory expectations and industry best practices.
Observe key risk indicators and fraud performance metrics to identify emerging risks.
Direct ad-hoc targeted risk assessments to assess impacts of internal, external and regulatory fraud risks.
Proactively open fraud-related Issues to enhance the fraud control environment and hold BUs accountable to remediating any identified Issues.
Execute the development and maintenance of the enterprise fraud program and policies to ensure adherence with internal frameworks and regulatory requirements.
Advise on the design and implementation of new or enhanced fraud risk controls.
Collaborate with 1LOD on fraud risk training and awareness programs for internal employees and external clients.
Stay current on industry trends and collaborate with peers in the industry.
Lead fraud risk-related projects and initiatives to improve the organization s fraud risk management capabilities.
This role may also provide oversight, review and challenge of other Non-Financial risk domains as assigned

Requirements:

7+years of fraud experience in a financial institution or related industry.
Subject matter expert in fraud risk management frameworks, regulatory requirements and industry standards.
Certified Fraud Examiner (CFE) or similar professional certification preferred.
Innovative mindset with a proactive approach to problem solving.
Strong ability to analyze and interpret complex data sets and metrics.
Proficient written and verbal communication skills and the ability to work independently and collaboratively with other business units.
Ability to exercise good judgment to make timely decisions, while working in a fast-paced and results-driven environment.

Eligibility for Internal Partners

3 years as a Team Leader to move as a Section Manager currently at an Officer level.
24 months as a Consultant to move as a Senior Consultant. Movement within Senior Consultant and Section Manager is applicable if they have prior 36 months of people management experience

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