Assistant Vice President, Business Loan Application Fraud

Alliance Bank Malaysia Berhad; Kuala Lumpur; On-site; MYR 50,000 - 80,000; Full time

Job summary

A prominent Malaysian bank is seeking a skilled professional for business fraud investigations. The role entails conducting thorough fraud checks on business loan applications and investigating potential fraud using various methodologies. Candidates must have at least 3 years' experience in business banking and possess strong analytical and communication skills. Knowledge of regulatory guidelines is required. This position offers an opportunity to work independently and contribute to the bank's operational integrity.

Qualifications

• At least 3 years of experience in business banking lending, credit underwriting, or fraud management.
• Strong grasp of company financials and ratios.
• Well-versed in Bank Negara Malaysia regulatory guidelines.

Responsibilities

• Conduct business loan application fraud checking per existing guidelines.
• Investigate potential business banking frauds using various methodologies.
• Provide training for new hires on department processes.

Skills

Business banking lending experience

Credit evaluation

Analytical abilities

Investigative abilities

Interpersonal skills

Effective communication

Job description

Job Purpose

• Effectiveness
  • Achieve targets formalized through Individual Performance Plan – “IPP”.
  • Delivery of any adhoc assignment(s) assigned from time to time.
• Audit & Compliance
  • Ensure compliance to Bank Negara Malaysia guidelines as well as any other job-related manuals
  • at all times when discharging duties.
  • Management of structural, procedural and strategic controls to ensure areas of work under direct supervision do not fail internal and external audits.
• Resource Management
  • Ensure availability of resources required for fulfilment of own job function.
• Reporting
  • Regular feedback to any related departments on services/ process/ practices and credit issues in support of the Bank’s activities.

Job Requirements

Responsibilities

• Conduct business loan application fraud checking, which is in compliance with the existing internal/regulatory guidelines.
• Conduct comprehensive multi-pronged investigations into potential business banking frauds at either loan-origination or post-onboarding, utilising various methodologies including but not limited to CTOS checks, desktop reviews, site visits, analysis of company financial/banking documents for irregularities, debtor/creditor ageing lists evaluations, examination of counterparties, director(s) profiling and internet/media searches.
• onduct real-time detective work including on-site investigations/surveillance at customer premises on discreet basis, as and when required.
• Provide adhoc training where necessary for new hires, if any, on department processes & bank systems.
• Ensure speedy closure of audit actionables, within given deadline.
• Ensure agreed corrective measures are acted on and followed through.
• Ad-hoc reporting and other duties assigned by Head BLAF or Head CFM from time to time.

Qualifications

• At least 3 years’ experience in business banking lending units and/or business credit underwriting and/or business banking remedial management and/or business banking fraud management/investigation.
• Knowledgeable about credit evaluation for SME, Commercial & Corporate Banking accounts.
• Strong grasp of company financials, cashflows, ratios, etc.
• Well-versed in BNM regulatory guidelines and banking laws.
• Good understanding in Risk & Compliance and legal systems.
• Familiarity with business banking fraud processes is a plus point.
• Knowledge of investigative procedures is a plus point.
• Need to possess a curious/inquisitive mind and competent investigative abilities.
• Good credit evaluation/assessment for companies/firms.
• Good product knowledge for business banking facilities.
• Strong analytical ability, interpersonal and problem-solving skills.
• Effective at communication & conflict management.
• Able to work independently.