Senior Manager - Money Mules and First Party Fraud
Welcome to HSBC, a global banking and financial services company with a mission to connect customers to opportunities, enabling them to thrive and achieve their ambitions. We are currently seeking a highly experienced and dynamic Senior Manager to join our team as the leader of our Money Mules and First Party Fraud department. In this role, you will play a critical role in protecting our customers and the bank from financial crime by managing and mitigating the risks of fraudulent activity related to money mules and first party fraud. We are looking for a driven and strategic individual with a strong background in financial crime risk management and a passion for protecting our customers and the integrity of our business. If you have a proven track record of success in this area and possess the necessary qualifications, we would love to hear from you.
- Develop and implement strategies to prevent, detect, and mitigate the risks of money mule and first party fraud activities.
- Oversee a team of analysts and investigators to identify and investigate potential fraudulent activity.
- Monitor and analyze trends in money mule and first party fraud to continuously improve detection and prevention methods.
- Collaborate with cross-functional teams, including legal, compliance, and technology, to implement controls and processes to mitigate risks.
- Conduct regular risk assessments and provide recommendations for enhancements to the bank's policies and procedures.
- Stay up-to-date with industry best practices and regulatory requirements related to financial crime and fraud prevention.
- Lead and participate in training and awareness programs for employees to enhance their understanding and awareness of money mule and first party fraud risks.
- Act as a subject matter expert on money mule and first party fraud for the bank and provide guidance and support to other departments.
- Develop and maintain relationships with external stakeholders, such as law enforcement agencies and industry associations, to share information and collaborate on fraud prevention initiatives.
- Prepare and present reports and updates on money mule and first party fraud risks to senior management and relevant committees.
Extensive Knowledge Of Money Muling And First Party Fraud Schemes: A Senior Manager In This Role Should Possess Deep Understanding And Experience In Identifying And Mitigating Money Muling And First Party Fraud Activities, As Well As Keeping Up-To-Date With The Latest Trends And Techniques Used By Fraudsters.
Strong Leadership Skills: As A Senior Manager, This Individual Will Be Responsible For Leading A Team Of Fraud Analysts And Investigators. Therefore, They Should Have Proven Experience In Effectively Managing And Motivating A Team To Achieve Department Goals And Objectives.
Analytical And Strategic Thinking: The Role Of A Senior Manager In This Area Requires The Ability To Analyze Complex Data And Develop Strategies To Prevent And Detect Fraudulent Activities. This Person Should Be Able To Think Critically And Make Data-Driven Decisions To Protect The Bank And Its Customers.
Risk Management Expertise: Hsbc Values Risk Management As A Critical Aspect Of Its Operations. Therefore, A Senior Manager In This Role Should Possess A Strong Understanding Of Risk Management Principles And Be Able To Implement Effective Controls To Mitigate Potential Risks Associated With Money Muling And First Party Fraud.
Excellent Communication And Collaboration Skills: This Role Requires Frequent Communication With Various Internal Stakeholders, Such As Other Department Heads, Legal And Compliance Teams, And External Partners. Therefore, A Senior Manager Should Have Excellent Communication, Negotiation, And Collaboration Skills To Effectively Convey Information And Work Together To Combat Fraud.
Risk Management
Strategic Planning
Project Management
Analytical Thinking
Compliance
Team Leadership
Fraud prevention
Fraud detection
Cross-Functional Collaboration
Investigation
Financial Crime
Stake
Communication
Conflict Resolution
Emotional Intelligence
Leadership
Time management
creativity
Teamwork
Adaptability
Problem-Solving
Decision-making
According to JobzMall, the average salary range for a Senior Manager - Money Mules and First Party Fraud in London, UK is between £60,000 and £80,000 per year. This may vary depending on the specific company, industry, and level of experience of the individual. In some cases, bonuses and benefits may also be included in the overall compensation package.
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HSBC Holdings Plc operates as a holding company for the HSBC Group. It provides banking and financial services through four global businesses, including Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets and Global Private Banking. The company's operating segments are organized into six geographical regions, including Europe, Hong Kong, Rest of Asia Pacific, Middle East and North Africa, North America and Latin America.
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