Our Banking client is looking for a Fraud Investigator (Bank, Credit Underwriting, Program Management)
Length: 6 months contract with the possibility of extension
Location: Toronto, ON (Hybrid) - 2 days a week, flexible
Working Hours: 9 am to 5 pm
Possibility of Overtime: rare, however incumbent on projects and delivery timelines
Line of Business: Operations and Compliance
Dress Code: Banking Standard, Dress for Your Day (DFYD)
"The start date of this job is flexible and in order to find the best candidate the job may remain open much longer than the date mentioned on this posting... or you may be asked to start sooner than the expected start date if you are able to do so !"
Please read the job description below. If this interests you, please send a MS-Word version copy of your resume (ASAP) along with a telephone contact number: E-mail to talent@teamrecruiter.com
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The recruiter in charge of this role is San
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Requirements:
ROLE MANDATE:
This role supports the Canadian P&BB First Line of Defense to drive stronger Fraud risk mitigation
controls, create and enhance fraud detection and prevention processes for the lending business. Contributes to a strong risk management culture through collaboration with other first line employees, and second and third line functions to ensure Compliance, AML or operational risks are identified, mitigated, monitored and reported on an ongoing basis. Independently leads effective investigation of lending applications to identify fraud red flags or unusual indicators related to fraud that warrant a detailed investigation.
ROLE RESPONSIBILITIES INCLUDE (but are not limited to):
Identifies, investigates, analyzes, documents and mitigates program risks, taking into account jurisdictional issues, and raises any issues or concerns to senior leaders and other stakeholders
Monitors and advises on management of risk requirements within the defined risk appetite
Manages/supports large/complex risk programs/frameworks/projects/initiatives to ensure risks are appropriately mitigated and regulations adhered to
Understands the identified risk exposures and supports the development of action plans required to mitigate identified risks
Acts as a subject matter expert in the evaluation, development and implementation of an internal control system
Supports the execution of strategic initiatives in collaboration with internal and external stakeholders
Builds effective relationships with internal/external stakeholders
Breaks down strategic problems, and analyses data and information to provide insights and recommendations
Builds change management plans of varying scope and type; leads or participates in a variety of change management activities including readiness assessments, planning, stakeholder management, execution, evaluation and sustainment of initiatives
Monitoring to ensure that 1st line jobs are following defined processes and procedures
Develops, documents and maintains business/group procedures updating and obtaining approvals as regulations or the operating environment changes and communicates changes to the business/group & relevant stakeholder groups
Builds awareness, knowledge, and skills and, as necessary, provides communication, practical tools and ongoing support including making presentations, to promote a culture of risk identification and management
Supports the management of 1st LOD program for the business/group in compliance with appropriate principles, standards and direction from the second line of defense groups. Includes developing and promoting program and ensuring the execution of all program components
Works with assigned business/group leaders to implement 1st LOD programs and frameworks, developing and maintaining an in-depth understanding of the applicable regulatory and internal risk management requirements. Interprets and provides advice on the application of the requirements for the business/group
Monitors industry and legislative developments and continuously updates programs to ensure they are competitive and effective
Develops and maintains an understanding of the business/group strategies and objectives, products and services, internal and external stakeholders and business processes as well as the underlying infrastructure to identify and manage implications and risk exposures for the business/group
Recommends adjustments to the overall program, policy or processes within the business/group in accordance with the Risk Appetite Statement, Governance and Corporate Policy
Provides support to the development and delivery of training and awareness programs within the business/group to increase awareness of and compliance to risk management requirements
Focus is primarily on business/group within the bank; may have broader, enterprise-wide focus
Provides specialized consulting, analytical and technical support
Exercises judgment to identify, diagnose, and solve problems within given rules
Works independently and regularly handles non-routine situations
Broader work or accountabilities may be assigned as needed
Qualifications:
MUST HAVE SKILLS:
5 to 7 years of experience in audit, investigation, Fraud and lending experience in banking
Knowledge of Credit Underwriting preferably in unsecured lending (loans, lines of credit etc.) and secured lending (mortgages) - In-depth
Program management skills - In-depth
Deep knowledge and technical proficiency gained through extensive education and business experience
SOFT SKILLS:
Verbal and written communication skills - Expert
Collaboration and team skills - Expert
Analytical and problem solving skills - Expert
Influence skills - In-depth
Data driven decision making - In-depth
INTERVIEW PROCESS:
1st round with Hiring Manager via MS Teams
2nd round with Hiring Manager and manager
Please note that this is the most up to date version of job description available at this time - During Client Interview you will receive additional information - variance may apply!
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