Fraud Risk Lead

anext bank; Singapore; On-site; SGD 180,000 - 280,000; Full time

Job summary

ANEXT Bank seeks a Fraud Risk Lead to own and evolve the bank's fraud risk strategy, ensuring MAS alignment and risk management best practices. You will oversee monitoring, detection, and case investigations while engaging regulators and internal stakeholders.

The role involves refining policies, designing dashboards and KRIs, and partnering with technology and data teams to tune fraud rules and ML models, mentoring junior staff.

Qualifications

• 10+ years of fraud risk or anti-financial crime experience in banking or fintech.
• Corporate banking fraud risk experience, incl. trade finance or corporate payments.
• Proven ability to design and refine fraud risk strategy from the ground up.

Responsibilities

• Refine the Bank's fraud risk strategy and operationalise controls.
• Design and enhance dashboards and KRIs to monitor fraud risk and report to committees.
• Ensure MAS guideline compliance and regulator reporting.
• Partner with tech teams to deploy fraud rules and AI/ML models.
• Collaborate with Data team for trend analysis and horizon scanning.

Skills

Fraud risk management

Data analytics

Regulatory awareness

Stakeholder management

Strategic planning

Education

Certified Fraud Examiner (CFE)

CAMS certification

Job description

We’re on a mission to make financial services accessible and effortless for SMEs. As one of Singapore’s latest digital wholesale banks fully regulated by MAS, we’re committed to continuous innovation to bring about simpler, safer and more rewarding financial services. #bringingaboutwhatsnext

We are looking for a strong Fraud Risk Lead who is accountable for the execution and enhancement of the Bank’s fraud risk strategy, ensuring the fraud risk framework is in line with MAS guidelines, enterprise risk management and industry best practices.

On a day-to-day basis, the incumbent will be responsible for monitoring, detection, and case investigation; as well as, fronting internal and external stakeholder engagement in the anti-fraud space.

Responsibilities

• Refine the Bank's fraud risk strategy and policies and effectively operationalise the corresponding control measures
• Design and enhance the reporting dashboards and Key Risk Indicators (KRIs) to monitor the fraud risk and control environment and report periodically via the relevant oversight, risk and senior management committees.
• Ensure ongoing compliance with relevant guidelines from law enforcement authorities and regulators and benchmarking against industry anti-financial crime standards
• Partner with fraud and core banking technology teams to deploy, tune, validate and optimise fraud rules and AI/machine learning models
• Partner with Data team to perform fraud trend analysis and horizon scanning to proactively identify emerging typologies and mitigate the bank’s exposure to threats with urgency and accuracy (e.g. scams, mule accounts, ATO, application fraud, deepfake/social engineering)

Operational Effectiveness

• Coach and mentor junior team members and develop fraud investigation, analytical and risk management capabilities.
• Handle case escalation, disposition, and regulatory reporting (e.g. STRs, police reports)
• Provide fraud risk assessments for new product launches and process/system changes

Stakeholder & External Engagement

• Act as the key liaison to timely handle queries from regulators, law enforcement, and relevant inter-bank fraud networks
• Responsible for timely reporting to the authorities
• Support internal and external audit engagements and risk assessments exercises

Culture & Capability Building

• Design and deliver fraud awareness training across the Bank; ensure relevant staff are trained on fraud policy and emerging typologies
• Produce customer education materials to strengthen scam awareness and fraud prevention.
• Foster a proactive fraud risk culture by encouraging timely escalation, professional curiosity and informed decision-making.

Required Qualifications & Experience

• 10+ years of fraud risk or anti-financial crime experience in banking or fintech, spanning both strategy/policy design and hands‑on operations
• Corporate banking fraud risk experience is required (not retail‑only) — including exposure to trade finance, commercial payments, or corporate account fraud typologies.
• Demonstrated experience refining fraud risk strategy and frameworks from the ground up — not just executing an existing framework.
• Strong working knowledge of fraud typologies: application fraud, mule accounts, account takeover (ATO), authorized push payment (APP) scams, first/third‑party fraud, internal fraud.
• Proven experience with fraud analytics/reporting and data‑driven detection
• Good understanding of MAS regulations relevant to fraud, scams, cybersecurity, and data privacy
• Experience engaging regulators, law enforcement, and industry bodies
• Strong communication skills and stakeholder management across Risk, Compliance, Technology, Operations, and business lines.
• Self‑motivated and collaborative
• Meticulous with strong execution capabilities
• Resilient and adaptable in a fast‑paced environment
• Keen sense of risk awareness and conviction to act with urgency

Preferred

• Ability to communicate effectively in Mandarin to support engagement with Mandarin‑speaking stakeholders and business partners.
• Certified Fraud Examiner (CFE), CAMS, or equivalent certification
• Prior experience in a digital bank, neobank, or fintech environment