Fraud Risk Officer, Citi

Citi

Location:
Hungary, Budapest

Category:
-

Contract Type:
Not provided

Salary:

Not provided

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Job Description:

Individuals in ORM-Fraud establish and manage Fraud risk policies, propose strategies, and governance processes designed to minimize losses from inadequate controls and, fraud. This includes supervision over fraud risk. These individuals are also responsible for the development of tools and infrastructure that support fraud monitoring and prevention, using advanced analytical and statistical skills to identify policy gaps and recommend changes to current policies. This role is crucial to the company as it fortifies against potential operational risks, thereby protecting the company's financial stability and reputation, and contributing towards the overall business resilience and success.

Job Responsibility:

Design, implementation and production of fraud policy framework documents and methodologies, ensuring their effective application within the business
Deliver and support core fraud risk governance, audit and regulatory reviews
Liaising with global and regional teams in several initiatives and provide guidance on different Policy coverage areas including Fraud Risk Assessment and ORM Fraud Operational routines
Check and ensure that procedures are up-to-date and applied to adequately cover rules and regulations
Support fraud thematic reviews
Ensure completeness and execute testing of ORM Fraud MCA
Collaborate with the business to understand its risk profile, evaluate fraud risk exposure, incorporate risk mitigation strategies, and monitor compliance
Provide guidance on risk mitigation strategies, control enhancements, and risk reduction measures to business and other stakeholders
Provide regular and detailed reports to senior management and stakeholders on the status of fraud risks
Analyse data to identify trends or emerging risks and provide timely recommendations to mitigate risk exposure
Lead initiatives to enhance fraud risk management practices, contributing to overall organizational resilience and readiness against potential fraud risks
Ensure all fraud risk management activities comply with internal policies, external regulations, and industry standards
Stay updated on industry best practices and regulatory changes to assess its impact on fraud risk management, and advise the business accordingly
Support the execution of remediation with timely and effective outcomes against regulatory expectations
Promote a culture of risk awareness and accountability in the business, escalating any fraud risks as appropriate and collaborating with teams to establish detective and preventive measures
Support independent oversight and assurance over the bank’s broader operational risk management frameworks, ensuring compliance with regulatory requirements and internal policies

Requirements:

Knowledge of MS Excel and other Office products
Knowledge of Fraud Risk is an advantage but not mandatory
Fluent English knowledge
5-8 years of experience
Previous experience supporting risk management, compliance, governance, or controls related roles
Understanding of MCA concepts, methodologies, and tools
Previous experience managing MCA is an advantage
Bachelor’s/University degree, Master’s degree preferred

What we offer:

Cafeteria Program
Home Office Allowance (for colleagues working in hybrid work models)
Paid Parental Leave Program (maternity and paternity leave)
Private Medical Care Program and onsite medical rooms at our offices
Pension Plan Contribution to voluntary pension fund
Group Life Insurance
Employee Assistance Program
Access to a wide variety of learning and development programs, online course libraries and upskilling platforms, such as Udemy and Degreed
Flexible work arrangements to support you in managing work - life balance
Career progression opportunities across geographies and business lines
Socially active employee communities with diverse networking opportunities

Additional Information:

Job Posted:
June 05, 2025

Employment Type:

Fulltime

Work Type:

Hybrid work

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Fraud Risk Officer