VP, Fraud Investigation
United Overseas Bank · Bangkok
About UOB
United Overseas Bank Limited (UOB) is a leading bank in Asia with a global network of more than 500 branches and offices in 19 countries and territories in Asia Pacific, Europe and North America. In Asia, we operate through our head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia and Thailand, as well as branches and offices. Our history spans more than 80 years. Over this time, we have been guided by our values – Honorable, Enterprising, United and Committed. This means we always strive to do what is right, build for the future, work as one team and pursue long-term success. It is how we work, consistently, be it towards the company, our colleagues or our customers.
Job Description
Job Summary:
Responsible for developing and implementing strategies to combat fraud risk within the Bank’s scope of business in accordance with policies and regulatory requirements. Manage fraud loss within the approved limit. Oversee investigation process and coordinate with relevant units to take appropriate actions on fraud cases.
Monitor and review of any new or emerging trends in fraud patterns and propose solutions to mitigate the risks. Provide advice and support to staff at all levels in order to ensure that they are fully aware of fraud risks and have the necessary skills and knowledge to prevent fraud losses. Work closely with other departments such as Operations, Audit, Legal, Risk Management and Security to effectively investigate and resolve incidents of fraud.
Maintain records and prepare reports on investigations performed by the department. Liaise with law enforcement agencies regarding criminal matters relating to banking operations.
Job Responsibilities:
Analyze information obtained through various sources including transaction monitoring systems, intelligence reports, etc., to identify suspicious transactions and/or activities which may be related to money laundering or terrorist financing.
Identify areas where additional controls can be put in place to minimize the occurrence of fraudulent activity.
Develop, implement and manage programs designed to reduce the occurrence of fraud within the organization.
Prepare statistical analyses and reports detailing types and amounts of fraud committed.
Assess and analyze information gathered during investigations to determine the extent of liability and the likelihood of successful prosecution.
Interview witnesses and suspects to obtain information concerning alleged fraudulent activities.
Ensure compliance with applicable laws and regulations pertaining to financial institution fraud.
Review account activity to detect fraudulent use of accounts.
Prepare and present investigative findings both verbally and in writing for use in civil litigation proceedings.
Job Qualification:
Bachelor's degree in Accountancy, Finance, Business Administration or related field.
At least 5 years working experience in banking industry, preferably in anti-fraud area.
Experience in conducting internal investigations.
Excellent written and verbal communication skills.
Good command of English language.
Ability to analyze data and draw conclusions.
Highly motivated self-starter with excellent organizational skills.
Proactive, innovative and flexible approach to problem solving.
Strong attention to details.
Knowledge of credit card, debit card and check processing procedures preferred.
Remark : The Bank requires the checking and collection of criminal records for candidates of this position in order to verify qualifications and/or disqualifications for the job position in accordance with the Bank’s policy.
Additional Requirements
Be a Part of the UOB Family
UOB is an equal opportunity employer. UOB does not discriminate on the basis of a candidate's age, race, gender, color, religion, sexual orientation, physical or mental disability, or other non-merit factors. All employment decisions at UOB are based on business needs, job requirements and qualifications. If you require any assistance or accommodations to be made for the recruitment process, please inform us when you submit your online application.