Fraud Policy and Oversight Lead

September 10, 2024

NatWest Group

Edinburgh

FULL TIME & OTHER

Risk Technical Specialisms, Control, Oversight & Assurance
Fraud Policy and Oversight Lead
Closing date for applications: 23/09/2024

Edinburgh, United Kingdom

Permanent

Full Time

#R-00241360

Our people work differently depending on their jobs and needs. From hybrid working to flexible hours, we have plenty of options that help our people to thrive.

This role is based in the United Kingdom and as such all normal working days must be carried out in the United Kingdom.

Job description

Join us as a Fraud Policy & Oversight Lead

This is an extremely visible role in which you’ll be recognised as one of our leading fraud technical specialists and the primary interface with the Nat West Holdings’ First Line of Defence (FLOD) regarding internal and external fraud
You’ll be responsible for providing fraud technical expertise to conduct productive and effective oversight and challenge, setting and maintaining our fraud policy and risk appetite, and driving external engagement on regulatory change and upstream risks
We’ll look to you to engage and influence the industry and other public and private sector bodies to support the bank’s and UK’s response to fraud

What you'll do

Reporting to the Head of Economic Crime Oversight as well as the Head of Financial Crime Risk Specialist, you’ll define, develop, and maintain our fraud policy suite in line with evolving regulations, legislation, guidance, and internal risk appetite. You’ll define and maintain our fraud risk appetite measures. You’ll also ensure upstream regulatory risk agendas are understood and factored into the business plans for change.

You’ll independently oversee, challenge, and advise on the effectiveness of Fraud systems and controls and the risk-taking activities undertaken by the Fraud Centre of Excellence and NWH franchises, ensuring that they operate within the parameters of our policy, frameworks, and appetite. This will involve providing a formal risk opinion in executive reporting and at relevant governance committees in respect of the business’ financial crime risk profile and control environment. You’ll also provide specialist input and oversee the development of new propositions, including new products, services, mergers, acquisitions, disposals, investments, innovation, and the adoption of new technology. As well as this you’ll oversee the business development of new products and services and advocate building fraud risk capability in the FLOD.

In addition to this, you’ll:

Lead and direct the team to support the effective control of fraud risk, providing feedback and coaching to colleagues
Act as the escalation point of contact for complex policy, customer, and regulatory matters.
Deliver robust oversight of Fraud systems and controls to ensure policy compliance and operation within risk appetite
Work with FLOD to deliver the annual enterprise wide Fraud Risk Summary, considering policy compliance as well as upstream risks
Oversee and challenge the periodic refresh and execution of risk assessments and risk appetite statements, helping to ensure these are dynamic, forward looking, and consider emerging risks
Lead the Financial Crime Mandatory learning programme and training needs analysis
Engage with industry and the public sector in relation to the Bank’s and UK’s response to fraud

The skills you'll need

We’re looking for someone with excellent industry knowledge and commercial awareness of fraud risk and risk management principles and technologies. Along with experience of providing thought leadership on fraud prevention and detection, you’ll have a background in financial crime risk management and associated risk management technologies.

We’re also looking for:

Experience of applying risk strategies across the product lifecycle in customer facing business areas
Experience of applying fraud technical specialism to broader financial crime frameworks
Well-developed stakeholder and relationship management skills
The ability to work collaboratively and influence direction
Strong communication skills to provide proactive and effective fraud risk oversight and constructive challenge

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