Markets Fraud Risk 2nd LOD Lead Analyst, VP

• 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

• 6-10 years of experience
• 3-5 years in Markets
• 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

Master's degree preferred

• medical, dental & vision coverage
• 401(k)
• life, accident, and disability insurance
• wellness programs
• paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays