Fraud manager

Responsibilities:

• Assessing potential risks and vulnerabilities to fraud within the organization's operations, systems, and processes.

• Developing comprehensive fraud prevention strategies and tactics tailored to the Bank's specific risks and needs.

• Creating and implementing fraud prevention policies, procedures, and controls to minimize the likelihood of fraudulent activities.

• Providing training and education to employees on fraud awareness, detection techniques, and reporting procedures.

• Utilizing data analytics, monitoring tools, and fraud detection systems to identify suspicious activities and patterns indicative of fraud.

• Conducting thorough investigations into suspected fraudulent activities, including gathering evidence, interviewing witnesses, and collaborating with law enforcement when necessary.

• Ensuring compliance with relevant laws, regulations, and industry standards related to fraud prevention and detection in coordination with Compliance function.

• Collaborating with departments/units such as legal, compliance, finance, transaction monitoring and IT to strengthen fraud prevention efforts and align strategies with broader organizational goals.

• Managing relationships with third-party vendors and service providers involved in fraud prevention, such as fraud detection software providers or investigative agencies.

• University degree in Engineering, Computer Science, Business, Economics, Mathematics, Statistics or Business Administration Management or a related field.

• Minimum 8+ years’ experience in the Banking sector or FIs.

• Be fluent in Lithuanian and English. Other languages will be considered an advantage.

• Close tracking of trends and technological developments in fraud area.

• High degree of organization, individual initiative, and personal accountability.

• Experience in successfully driving end-to-end fraud detection and monitoring processes and testing effectiveness of systems used.

• Proactive, self-starter with good design skills.

• Fraud-oriented thinking mind set.

• Balance of technical knowledge and business acumen.

salary range: The salary range is 3700 – 4500 EUR gross. However, if you come across a strong, highly suitable candidate whose expectations exceed our salary range, we kindly ask you to share their CV with us as well.