Assistant Vice President, Business Loan Application Fraud

Alliance Bank; Kuala Lumpur; On-site; MYR 80,000 - 120,000; Full time

Job summary

A leading local financial institution is seeking an Assistant Vice President for Business Loan Application Fraud. The role demands conducting thorough investigations on loan applications to prevent fraud, ensuring compliance with regulations, and managing audit actions. Ideal candidates have over 3 years of experience in business banking or fraud investigation, possess analytical abilities, and exhibit strong communication skills. This position is critical to safeguarding the institution from financial risks.

Qualifications

• At least 3 years’ experience in business banking lending units.
• Knowledgeable about credit evaluation for SME, Commercial & Corporate Banking accounts.
• Familiarity with business banking fraud processes is a plus.

Responsibilities

• Conduct business loan application fraud checking.
• Perform comprehensive investigations into potential business banking frauds.
• Provide adhoc training for new hires.

Skills

Curiosity and inquisitive mind

Strong analytical ability

Effective communication

Problem-solving skills

Job description

Assistant Vice President, Business Loan Application Fraud

1d ago , from Alliance Bank Malaysia Berhad

• 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

• 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.

Audit & Compliance

• Ensure speedy closure of audit actionables, within given deadline.
• Ensure agreed corrective measures are acted on and followed through.

Other Duties

• Ad‑hoc reporting and other duties assigned by Head BLAF or Head CFM from time to time.

Job Requirements

• 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.