Fraud Risk & Governance Manager

MBSB Bank Berhad; Petaling Jaya; On-site; MYR 120,000 - 180,000; Full time

Job summary

MBSB Bank Berhad in Malaysia seeks a Senior Fraud Risk Manager to act as SME for fraud risk across Transaction Banking and Corporate Internet Banking (CIB) channels. You will lead monitoring, investigations and remediation of suspicious activity to protect customers and assets.

Responsibilities include developing and maintaining fraud risk frameworks, conducting risk assessments for new products, tuning detection rules, and ensuring compliance with BNM, RMiT and PayNet standards while

Qualifications

• Degree in Banking/Finance/Business or Risk Management; diploma with 10+ years experience considered.
• Minimum 7 years' experience in Fraud Risk Management or related functions in banking/financial services.

Responsibilities

• Act as SME for fraud risk management across Transaction Banking and Corporate Internet Banking (CIB) channels.
• Manage fraud monitoring activities to detect and mitigate suspicious activity.
• Develop and enhance fraud risk management frameworks, policies, procedures, operational guidelines and SOPs.
• Conduct fraud risk assessments for existing and new products, services and initiatives, and suggest controls.
• Tune and optimize fraud monitoring systems, including rules, thresholds and monitoring scenarios.
• Perform ongoing account and transaction monitoring for unusual patterns and trends.
• Ensure compliance with regulatory requirements including BNM policy, RMiT, PayNet and other standards.
• Review fraud alerts, suspicious activities and cases, and recommend mitigation actions.
• Collaborate with business, operations, technology and risk to implement controls and remediation.
• Prepare management reporting, fraud trend analysis and risk insights.

Skills

Fraud risk management

Fraud monitoring

Risk analysis

Education

Bachelor's degree in Banking, Finance, Business, Risk Management or related discipline

Diploma with 10+ years relevant experience

Job description

MBSB Bank Berhad in Malaysia seeks a Senior Fraud Risk Manager to act as SME for fraud risk across Transaction Banking and Corporate Internet Banking (CIB) channels. You will lead monitoring, investigations and remediation of suspicious activity to protect customers and assets.

Responsibilities include developing and maintaining fraud risk frameworks, conducting risk assessments for new products, tuning detection rules, and ensuring compliance with BNM, RMiT and PayNet standards while