ROLE PURPOSE

Vice President - Fraud Management is responsible for safeguarding the organization from fraud and online threats through strategic oversight, fraud detection frameworks, and collaboration with internal and external stakeholders.

This role involves leading fraud risk strategies, shaping organizational fraud policies, and collaborating across departments to drive a culture of awareness and accountability. The Vice President leads the Fraud Investigation Unit, defines fraud risk policies, and ensures timely detection, prevention, and response to fraud incidents. By aligning fraud management strategies with organizational goals, this role ensures the protection of the bank’s assets, customers, and reputation.

KEY RESPONSIBILITIES

1. Fraud Management

• Conduct routine to complex investigations across various operational areas, including internal conduct and fraud involving employees and third parties.
• Interview suspects and witnesses, gather comprehensive evidence, and prepare detailed investigative reports.
• Develop recommendations for improving processes, mitigating risks, and addressing policy/procedure violations regarding fraudulent activities.
• Establishing long-term fraud prevention goals and aligning them with the organization's broader risk strategy.
• Collaborate effectively with business units, legal, compliance, and law enforcement authorities.
• Ensure timely reporting of significant fraud incidents to senior management and regulatory authorities.
• Able to communicate with the regulator and law enforcement authorities when necessary.

2. Fraud Monitoring

• Develop and implement effective fraud detection strategies, tools, and systems to monitor transactions and identify suspicious activities.
• Collaborate with other stakeholders to identify vulnerabilities and recommend control improvements.
• Building relationships with regulator and law enforcement authorities for better collaboration.

3. Training & Awareness

• Develop and implement organization-wide fraud awareness training contents and execute training.
• Enhance investigative and monitoring skills of junior staff
• Promote a fraud risk culture by embedding awareness programs across business units.

Knowledge & Skills        

• Knowledge of financial markets in Myanmar, gained through practical experience.
• Knowledge of Myanmar legal regulations
• Have high level of attention to details.
• Have strong organizational skills and time management abilities
• Adapts easily to new environment and can work with a variety of people
• Strong communicator (both written and verbal) with ability to present to senior-most management concisely
• Excellent team worker, collaborating effectively across regional and global teams in sharing ideas, finding solutions and balancing team priorities.

Education & Special Training   

• Degree in one of the following fields: Business/Commerce, Finance, Accounting, Economics, and/or any industry specific qualification.

Experience

• At least 3-year experience in financial institutions
• Knowledge of banking and fraud risk management within the bank
• Experience in close collaboration with law enforcement authorities and regulators for fraud matters.

Languages

• Sound and effective interpersonal & communication skills
• Sound English skills