Fraud Risk ManagementDeloitte

Fraud Risk Management

Role purpose

The responsibility for Fraud Risk Management is within the functional remit of the First Line of Defense and has been established as an enduring Global function. The purpose is to facilitate and manage activities to continue to drive and implement a consistent and effective fraud risk management framework throughout CIB business. The role holder will support global and geographical fraud teams the front line and will be responsible for implementing and overseeing fraud risk management strategies and deliverables for Corporate & Institutional Banking Business and Commercial Banking business in home markets.

Principal Accountabilities and Responsibilities (e.g. for Business Customers and Stakeholders; internal control environment etc.)

• Perform high quality lending fraud risk analysis through review of financial statements / annual accounts for selected New to Bank (NTB) and existing CMB and GB customers in line with the global procedures.
• Evaluate fraud triggers and provide commentary/analysis for the frontline to use when evaluating lending fraud risk.
• Providing feedback into the calibration of trigger events typologies & prioritization.
• Apply learned techniques knowledge and expertise to new situations and in different business environments.
• Undertake quality assurance of closed triggers applying critical thinking and judgement when escalating concerns as appropriate.

a. Provide detailed assessment of fraud triggers in line with the Wholesale Fraud target operating model.

b. Provide SME guidance to the Regional Lending Fraud Specialist to effectively manage fraud risk.

c. Escalate trends of systemic lending fraud risk to appropriate stakeholders

d. Maintain an in-depth understanding of lending fraud and upskill through continuous learning.

• Collaborate with the Regional Lending Fraud Specialist to provide lending fraud subject matter expertise to the frontline.
• Provide feedback to the Regional Lending Fraud Specialist Lead and recommend improvements to processes procedures and methodologies.
• Promote effective control management of fraud risks.

a. Contribute towards meeting Key Risk Indicators (KRIs) so that the business effectively controls and mitigates risk (e.g. improved early risk identification)

b. Provide SME guidance and support the frontline to effectively manage fraud risk

Provide high quality analysis which enable CMB and GB to effectively manage lending fraud risk.

Collaborate with and support (where required) other Lending Fraud Specialists or Leads in their assessments.

Support achievement of the HSBC vision values goals and culture in personal behaviour actions and decision making.

a. Complete Lending Fraud activities within/to the required timescales and quality.

b. Establish strong working relationships and share best practice.

Drive a more proactive risk management framework through enhanced assessment reporting and analytics.

Facilitate the earlier identification of fraud risk in the credit lifecycle.