Union Bank Looking for Head of Fraud Risk Management Director at Charlotte, North Carolina Full Time

Do you want your voice heard and your actions to count?

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 5th largest financial group in the world. Across the globe, we’re 180,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world.

With a vision to be the world’s most trusted financial group, it’s part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. This means investing in talent, technologies, and tools that empower you to own your career.

Join MUFG, where being inspired is expected and making a meaningful impact is rewarded.

This is a hybrid position. There are flexible work from home options available. A member of our recruitment team will discuss the options with you in more detail.

Summary:

The Head of Fraud Risk Management reports into the Head of Operational Risk Governance and Quantification. This position is responsible for enhancing and maintaining an enterprise wide fraud risk program including fraud risk policy and standards, risk assessments and risk appetite. The individual in this position has oversight responsibility for first line of defense fraud risk activities.

Major Responsibilities:

• Responsible for enhancing, updating, and maintaining the fraud risk management program framework, policy, standards and methodology, updating on a periodic basis in line with the changing threat environment and risk profile.
• Develop strategy for analyzing enterprise-wide fraud risks across the US footprint, with an emphasis on thematic reviews, trend identification and emerging risks.
• Establish the necessary fraud program policies and associated standards so that aggregate risks within the bank are effectively identified, measured, monitored and controlled consistent with the bank’s risk appetite.
• Provide ongoing independent review and challenge for First Line of Defense (FLOD) fraud risk activities and compliance with the Fraud Risk Program.
• Facilitate enterprise-wide fraud working group(s) of key stakeholders that meets regularly to discuss fraud risks and mitigation measures.
• Define fraud program enterprise-wide risk appetite, including the establishment of metrics and tolerance limits.
• Define requirements for execution of risk assessments by the FLOD.
• Coordinate with the RCSA manager to incorporate into the RCSA methodology.
• Define risk and control taxonomy.
• Perform Enterprise-wide aggregate fraud risk assessment.
• Perform on going monitoring of fraud key risk metrics.
• Work with the FLOD for key risk metric identification and reporting.
• Provide aggregate enterprise-wide fraud reporting for management and the applicable risk committees.
• Ensure material fraud risks and events are escalated to management and relevant committees.
• Work closely with Industry associations to stay abreast of evolving risk/threats and industry practices.
• Work with Americas Compliance and Legal Divisions to identify fraud related legal and regulatory requirements.
• Serve as a main point of contact/coordinator for bank-wide fraud exams.
• Responsible for directly supervising staff, including interviewing, hiring staff and the termination of staff; recommending salary changes, job promotions; setting work hours, conducting counseling/performance reviews, and planning of the staff s work.

Qualifications and Experience:

• BA or BS degree preferred.
• CFE or other certification a plus
• Typically requires 10+ years direct work experience in fraud management/risk management in the financial industry.
• 5+ years of management/supervisory experience
• Requires extensive knowledge of fraud management operations from both process and technology perspectives.
• Excellent skills in fraud/risk assessment analysis, identifying fraud trends and signs of changing risk levels.
• Experience interfacing with banking/financial services industry regulators.
• Ability to build collaborative and productive working relationships, consensus and a sphere of influence with business teams and others across all functions.
• Team player who can excel in a fast paced, challenging environment with a strong desire to continuously improve and learn new things.
• Excellent communications skills, both oral and written with experience presenting to senior level management.
• Demonstrated ability to motivate and engage employees, build teams, identify and develop talent.

The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities duties and skills required of personnel so classified.

We are proud to be an Equal Opportunity/Affirmative Action Employer and committed to leveraging the diverse backgrounds, perspectives and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate on the basis of race, color, national origin, religion, gender expression, gender identity, sex, age, ancestry, marital status, protected veteran and military status, disability, medical condition, sexual orientation, genetic information, or any other status of an individual or that individual’s associates or relatives that is protected under applicable federal, state, or local law.

Some MUFG roles require that individuals be fully vaccinated against COVID-19, subject to exemptions for medical or religious reasons, as well as any other reason required by applicable law or order. Should you be selected for an interview, your recruiter will provide additional information.