Jobs in Spain

The Fraud Risk Investigator will be responsible for identifying, investigating, and mitigating fraud risks with a focus on Small and Medium Enterprise (SME) portfolios. The role requires strong investigative skills, the ability to analyze financial and transactional data, and familiarity with fraud risk management tools and systems. The investigator will work closely with internal stakeholders to ensure timely detection, reporting, and resolution of fraud cases while contributing to the continuous improvement of fraud risk controls.

Strategy

• Support the fraud risk strategy by identifying emerging SME fraud trends and providing insights for risk mitigation.
• Contribute to the development of fraud playbooks, investigation frameworks, and best practices.
• Provide feedback on effectiveness of fraud risk tools and suggest improvements or new solutions.
• Implement the Fraud Risk management infrastructure (tools and technology) for channels and products within WRB.
• Manage fraud risk, assisting businesses with implementing the 'best in class' tools & processes to minimize fraud losses while maintaining and adhering to customer charter goals and objectives.
• Partner with risk management teams to align investigations with broader fraud strategies.

Business

• Investigate suspected fraud cases in SME lending, partnerships, and digital channels and collaborate with business units to resolve cases and implement remedial measures.
• Prepare investigation reports and recommendations to senior management for decision-making.
• Implement FRM policy, strategies and Global Process Standards across all channels and products.
• Develop application fraud detection framework for all products and channels to identify and respond to existing and emerging external fraud risks.
• Provide subject matter expertise to stakeholders on fraud typologies relevant to SMEs.
• Develop a proactive, independent, balanced and a fraud risk awareness culture within the organisation.
• Deploy the strategies and have oversight of processes and controls across products and channels for management lending external fraud risk.
• Identify industry best fraud risk infrastructure and management practices to be considered for adoption within the country.
• Support awareness programs for frontline and business teams on fraud detection red flags.

Processes

• Conduct end-to-end fraud investigations, including evidence gathering, transaction analysis, and customer due diligence.
• Document findings, maintain audit trails, and ensure compliance with regulatory requirements.
• Leverage fraud detection and case management tools to proactively monitor suspicious activity.
• Perform root-cause analysis of fraud incidents and recommend control enhancements.
• Assist in the calibration and optimization of fraud detection rules, models, and scenarios.
• Ensure timely closure of cases and accurate reporting of fraud losses and recoveries.
• Lead and drive standardization, automation and consolidation through re-engineering and process improvement initiatives for the group for Fraud Risk Management.
• Identify and track KPIs to support strategy testing environment and daily operations.
• Continuously improve the operational efficiency and effectiveness of fraud risk management processes.
• Ensure effective recovery tracking process in place for management of fraud risk.
• Strong collaboration and concerted efforts with key stakeholders/partners.
• Accountable for pre-booking scenarios development / fine-tuning to improve detection rates and false positive rates in application fraud screening.
• Accountable for defining SOW for fraud detection technology enhancements, prioritization and development with vendors.
• Comply with governance requirements as defined and applicable to change risk management while implementing changes/enhancements.
• Provide training for AFD operational use to relevant country and group teams, as required.
• Monthly review with stakeholders across Group and Countries.
• Design and develop a global standard application verification approach for both pre-booking and post-booking scenarios.
• Ensure lessons learned are shared with SCB countries in a timely manner.

People & Talent

• Lead through example and build the appropriate culture and values within the Fraud Risk Management team. Set appropriate tone and expectations from their team and work in collaboration with risk and control partners.

Risk Management

• Identify and share industry best practices and work with the businesses for feasibility and implementation.
• Ensure all country FRM policies and procedures comply with Group Policies and Standards. Ensure proper and updated documentation in place for in-country policies and procedures.
• Ensure various fraud risks are actively prevented and detected in a timely manner on an end-to-end basis.
• Proactive in seeking regular assurance that areas of responsibility are performing to an acceptable risk and control standards.
• Ensure that effective management response plans are in place to respond to extreme but plausible fraud scenarios in the country.
• Recommend changes to the process control environment or to business practices to reduce fraud risk exposure within the agreed appetite.
• Balance business performance delivery and cost management with risk and control matters to ensure that it does not materially threaten the Group, while remaining within risk appetite.

Governance

• Provide oversight across WRB Risk Operations team, ensuring compliance with regulatory and business conduct standards as defined by internal and external requirements.
• Embed the Group’s values and code of conduct in Wealth and Retail Banking Operations to ensure adherence to ethics and compliance with policies, processes and regulations among employees.
• Accountable for satisfactory closure of issues/gaps arising from Internal Audits, peer reviews and regulatory reviews for the countries in the Region.

Regulatory & Business Conduct

• Display exemplary conduct and live by the Group’s Values and Code of Conduct.
• Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with all applicable laws, regulations, guidelines and the Group Code of Conduct.
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
• Lead the external fraud risk operations to achieve the outcomes set out in the Bank’s Conduct Principles: [Fair Outcomes for Clients; and The Right Environment.]
• Effectively and collaboratively identify, escalate, mitigate, and resolve risk, conduct and compliance matters.

Key stakeholders

• Internal stakeholders
• Group Lending and Risk Operations
• CCO Retail Clients, RCOs, CCH, CCROs, SOROs
• Regional / Country Business Heads and Product Head - WRB Client segment
• Country FRM head and team
• Financial Crime Compliance and Shared Investigations Services
• Relevant members of Risk Operations management team
• T&I partners supporting CPBB.
• External stakeholders
• Auditors and Regulators
• Suppliers, Vendors and Consultants

• Bachelor’s degree in Finance, Forensic Accounting, or related discipline. CA/ CS/ CA inter

• 10+ years of experience in fraud risk investigation, preferably within banking, fintech, or financial services.

• Experience in handling SME-related investigations will be an advantage.

• Familiarity with fraud risk management tools

• Certification-CFE, CFCS, ACAMS etc.,

• Good understanding and working experience on Credit risk and fraud risk management

• Good Knowledge of Client KYC, CDD and verification process

• Sound Knowledge of Client onboarding, maintenance, and credit underwriting processes

• Business Strategy and Model: Strong understanding of WRB client segments

• Good understanding of country fraud risk landscape (Loss events, Bureau checks, Local verification tools/ applications).

• Hands on experience on application fraud risk screening & surveillance applications/ tools is must along with alert review and investigation process.

• Knowledge of applicable Country regulatory and compliance guidelines (driven by Country central bank and other state authorities) relevant to mitigation and management of external fraud risk

We're an international bank, nimble enough to act, big enough for impact. For more than 170 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents and we can't wait to see the talents you can bring us.

Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, you'll see how we value difference and advocate inclusion.

Together we:

• Do the right thingand are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
• Never settle,continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
• Are better together,we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term

In line with our Fair Pay Charter,we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.

• Core bank funding for retirement savings, medical and life insurance,with flexible and voluntary benefits available in some locations.
• Time-offincluding annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum.
• Flexible workingoptions based around home and office locations, with flexible working patterns.
• Proactive wellbeing supportthrough Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills,global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
• A continuous learning cultureto support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning.
• Being part of an inclusive and values driven organisation,one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.