Established in 1912, Bank of China is one of the largest banks in the world, with over $3 trillion in assets and a footprint that spans more than 60 countries and regions. Our long-term outlook, institutional weight and global breadth provide our clients with a stable and reliable financial partner, whether in Corporate or Personal Banking or our Trade Services, Commodities, Financial Institutions and Global Markets lines of business.

Reporting to the Head of Anti-Fraud, the Fraud Risk & Operations Manager is responsible for the day to day coordination and execution of the bank’s fraud risk management framework. The role helps maintain and enhance the framework for fraud prevention, detection and training across the BOC US (“BOCUS”) organization.

The Fraud Risk & Operations Manager works closely with the Operational Risk Department and front-line units to assess fraud risk and monitor the control environment so that it remains commensurate with the organization’s fraud risk profile. The role contributes to the development and ongoing refinement of fraud detection and risk mitigation strategies appropriate for the institution’s profile.

The Manager coordinates the annual Fraud Risk Assessment, supports the identification and remediation of control gaps, and helps operate a centralized fraud risk management program with clear oversight, roles and responsibilities, and reporting structure. The role supports the implementation of the Anti-Fraud Policy and procedures and helps communicate management’s roles, responsibilities and commitment to fraud risk management.

The Manager develops and maintains KRIs, including determining frequency, performing trend analysis, and preparing reporting for RMICC and other stakeholders. The role supports a sustainable, well-coordinated fraud risk program that incorporates continuous improvement.

The ideal candidate will have experience in an international bank environment, exposure to AML and Financial Crime compliance, and experience interacting with regulators. The incumbent should have experience with MIS reporting, project management and (over time) staff management, and must be able to interact effectively with senior and C level management.

Develop a Centralized Process for Fraud Risk Assessment and Control Identification

• Coordinate with LCD RA and ORD to operate and enhance a repeatable Fraud Risk Assessment methodology and process.
• Create and maintain the fraud taxonomy library, ensuring it is current and aligned with the bank’s products, services and channels.
• Work with ORD and relevant stakeholders to identify control gaps and support remediation activities.
• Manage the day to day execution and continuous improvement of the annual Fraud Risk Assessment process.

Policy and Procedure Coordination Program Wide

• Coordinate with LCD RA and ORD to operate and enhance a repeatable Fraud Risk Assessment methodology and process.
• Create and maintain the fraud taxonomy library, ensuring it is current and aligned with the bank’s products, services and channels.
• Work with ORD and relevant stakeholders to identify control gaps and support remediation activities.
• Manage the day to day execution and continuous improvement of the annual Fraud Risk Assessment process.

Audit and Exam Coordination

• Coordinate with LCD RA and ORD to operate and enhance a repeatable Fraud Risk Assessment methodology and process.
• Create and maintain the fraud taxonomy library, ensuring it is current and aligned with the bank’s products, services and channels.
• Work with ORD and relevant stakeholders to identify control gaps and support remediation activities.
• Manage the day to day execution and continuous improvement of the annual Fraud Risk Assessment process.

Develop Governance Framework for AF program

• Coordinate with LCD RA and ORD to operate and enhance a repeatable Fraud Risk Assessment methodology and process.
• Create and maintain the fraud taxonomy library, ensuring it is current and aligned with the bank’s products, services and channels.
• Work with ORD and relevant stakeholders to identify control gaps and support remediation activities.
• Manage the day to day execution and continuous improvement of the annual Fraud Risk Assessment process.

Miscellaneous

• Complete other BSA/AML and/or Financial Crime Compliance related tasks as assigned by the Head of Anti-Fraud or senior management.

Other Duties

This role supports the centralization and coordination of Anti-Fraud processes within the bank and contributes to consolidated reporting of fraud risk management activities across departments and branches, including those overseen by first- and second-line functions. The Fraud Risk & Operations Manager helps maintain the fraud risk taxonomy and the bank’s inventory of fraud controls within the defined framework.

The incumbent contributes to ensuring that fraud related controls and identified gaps are incorporated into RCSA and control testing processes. The role also supports the design, collection and reporting of key risk indicators focused on fraud risk and fraud losses, including integration with the Operational Loss Incident reporting process.

• Bacholer Degree required. 
• 5-10 years experience working in international bank under Consent Order. 
• 5-10 years experience working in Financial Industry.
• 5-10 years experience working in Project management in AML and AML IT.
• Hands on experince on Project Management in AML, worked with regulators, internal and examiners, understand transition to BAU and ability to identify opportunities for efficiencies in processes.
• Knowledge of AML/BSA MIS and KPIs, AML/BSA systems and policy.
• Ability to worked in a high stress deadline-oriented role with the ability to communicate to Sr. management.