Fraud Risk Officer, Citi

Citi

Location:
Hungary, Budapest

Category:
Finance

Contract Type:
Employment contract

Salary:

Not provided

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Job Description:

ORM Fraud is the 2nd line of defense unit within Operational Risk Management (ORM) that oversees Fraud Risk Management across all businesses and geographies. Individuals in Operational Risk establish and manage operational risk policies, propose strategies, and governance processes designed to minimize losses from inadequate controls, fraud, and potential bankruptcy. This includes supervision over technology operational risk, cyber risk, and fraud risk. These individuals are also responsible for the development of tools and infrastructure that support fraud monitoring and prevention, using advanced analytical and statistical skills to identify policy gaps and recommend changes to current policies. This role focuses on the development of Reporting and Insights to support the broader team, the 1st Line and the businesses to understand the drivers of Fraud and the effectiveness of the existing tools and controls. This role is crucial to the company as it fortifies against potential operational risks, thereby protecting the company's financial stability and reputation, and contributing towards the overall business resilience and success.

Job Responsibility:

Design, implement and execute fraud risk insights and reports in Tableau and Excel to support core fraud risk governance, risk appetite, audit and regulatory deliverables
Liaise with global and regional teams in several initiatives including data analysis and oversight activities
Support Policy and Framework teams collecting and sharing inputs to refine Global policies and procedures
Check and ensure that procedures are up-to-date and applied to adequately cover rules and regulations
Support the migration of excel reports to Tableau
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
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
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
Support independent oversight and assurance over the bank’s broader operational risk management frameworks, ensuring compliance with regulatory requirements and internal policies

Requirements:

Bachelor’s/University degree, Master’s degree preferred
8+ years of Fraud or Risk Management experience in Banking
Advanced knowledge of MS Excel and other Office products
Previous experience developing Tableau and or Excel Dashboards
Fluent English language skills
Basic understanding of USPB, Wealth or SMB type products, processes and systems
Core Risk and control skills and understanding. Knowledge of Fraud Risk is an advantage but not mandatory
Good understanding of fraud risk management practices and global / regional industry fraud trends
Understanding of various drivers and metrics and the impact on Citi’s P&L.
Innovative, well versed in developing new ideas and improving current processes
Good business understanding and working knowledge of Risk, Legal, Operations, Technology and Finance.
Project management experience is an advantage
Knowledge of Operational Risk Management policy, risk identification processes, and risk and control assessment processes highly desired

Nice to have:

Project management experience
Knowledge of Operational Risk Management policy, risk identification processes, and risk and control assessment processes

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 17, 2025

Employment Type:

Fulltime

Work Type:

Hybrid work

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Fraud Risk Officer