Fraud Risk 2nd LOD Lead Analyst, Citi

Citi

Location:
Hungary, Budapest

Category:
Finance

Contract Type:
Employment contract

Salary:

Not provided

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Job Description:

This role involves establishing and managing operational risk policies, strategies, and governance processes to minimize losses, including supervision over technology operational risk, cyber risk, and fraud risk. The responsibilities include developing tools and infrastructure to support fraud monitoring and prevention, among other tasks, with the goal of protecting the company's financial stability and reputation.

Job Responsibility:

Support the development and implementation of enterprise fraud risk management procedures and methodologies, ensuring their effective application within the business
Review and challenge the effectiveness of risk mitigation strategies and control measures implemented by the 1st line of defense
Independently assess fraud risks within the business to ensure they are within the acceptable risk appetite, identifying any potential areas of vulnerability
Collaborate with the business to understand its risk profile, evaluate fraud risk exposure, incorporate risk mitigation strategies, and monitor compliance
Provide guidance on risk mitigation strategies, control enhancements, and risk reduction measures to business and other stakeholders
Provide regular and detailed reports to senior management and stakeholders on the status of fraud risks
Analyze data to identify trends or emerging risks and provide timely recommendations to mitigate risk exposure
Lead initiatives to enhance fraud risk management practices, contributing to overall organizational resilience and readiness against potential fraud risks
Ensure all fraud risk management activities comply with internal policies, external regulations, and industry standards
Stay updated on industry best practices and regulatory changes to assess its impact on fraud risk management, and advise the business accordingly
Support the execution of remediation with timely and effective outcomes against regulatory expectations
Promote a culture of risk awareness and accountability in the business, escalating any fraud risks as appropriate and collaborating with teams to establish detective and preventive measures
Support independent oversight and assurance over the bank’s broader operational risk management frameworks, ensuring compliance with regulatory requirements and internal policies.

Requirements:

6-10 years of experience
Previous experience supporting risk management, compliance, governance, or controls related roles
Demonstrated track record of effectively assessing and managing competing priorities
Deep understanding of fraud risk concepts, methodologies, and tools
Familiarity with regulatory requirements related to fraud risk management, and broader operational risk management
Exposure to enterprise risk management frameworks and knowledge of risk reporting tools and techniques
Understanding of different risk types, e.g. credit, market, liquidity
Experience working in a regulated industry (e.g., banking, finance, insurance, healthcare)
Ability to interact effectively at all levels, develop strong partnerships across the organization, and present complex information clearly to senior management and stakeholders
Strong influencer with a focus on building relationships with the 1st line of defense, while remaining independent and retaining the ability to challenge effectively
Comfortable in dynamic environments, capable of adapting to change while maintaining focus on risk management objectives
Strong stakeholder management skills, with the ability to understand drivers and overcome barriers
High level of integrity and professionalism, with the ability to handle sensitive and confidential information appropriately
Analytical, with the ability to comprehend complexity and engage strategically, analyzing and interpreting large volumes of data
Exercises independence of judgement and autonomy.

What we offer:

Cafeteria Program
Home Office Allowance (for colleagues working in hybrid work models)
Paid Parental Leave Program (maternity and paternity leave)
Private Medical Care Program and onsite medical rooms at our offices
Pension Plan Contribution to voluntary pension fund
Group Life Insurance
Employee Assistance Program
Access to a wide variety of learning and development programs, online course libraries and upskilling platforms, such as Udemy and Degreed
Flexible work arrangements to support you in managing work-life balance
Career progression opportunities across geographies and business lines
Socially active employee communities with diverse networking opportunities.

Additional Information:

Job Posted:
June 24, 2025

Employment Type:

Fulltime

Work Type:

Hybrid work

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Fraud Risk 2nd LOD Lead Analyst