Fraud manager

Our client - EUROPEAN MERCHANT BANK - contemporary bank with a human touch.

We combine the best face to face banking consultancy with a speed and flexibility that digital banking brings. Following our vision - Banking for Growth, EUROPEAN MERCHANT BANK will focus on delivering contemporary accessible financial products to SME‘s, FinTech’s & Entrepreneurs.

We are looking for a Fraud Manager to work in the Vilnius Office reporting to the Chief Operations Officer.

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.

Qualifications:

• 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.

We will ensure that exact salary offered for you will be based on your qualifications, competencies, professional experience, and requirements for the corresponding job function. (Salary range from gross 3500 to 5000 EUR/monthly).