Head, Investigation & Fraud Risk at Stanbic IBTC

Job ID: 35776
Location: Lagos Island
Job Sector: Banking

Job Details

• Risk Management: understanding all risks – from the economic to the political – that could affect our global business, and offering guidance to all parts of the bank

Job Purpose

• To provide oversight and leadership in ensuring that all Financial Crime Control functions are carried out according to the Group Financial Crime Control (GFCC) mandate and that standards and methodologies are designed and aligned to add value to the Stanbic IBTC PLC, Nigeria business.

Key Responsibilities

• Manage, lead, provide guidance, facilitate and pursue financial crime that is committed against Stanbic IBTC Bank PLC and its Customers.

Strategic Leadership:

• Operate within the Code of Ethics and Values of the Bank.
• Assist with the development of strategy towards financial crime combating initiatives within Stanbic IBTC Bank Business portfolio and to align this to the GFCC strategy.
• Execute GFCC Mandate and Strategy across the three lines of business i.e. PBB, CIB and Corporate Functions and thereby reduce financial crime losses and incidents.
• Adopt a pro-active approach to financial crime control.
• Comment on the adequacy and effectiveness of group processes and financial crime controls.
• Provide input to and assist to coordinate investigative and Prevention/Detection processes.

Prevention:

• Provide input and assist where required with the design of country specific fraud and Security policies; standards and methodologies.
• Develop fit for purpose fraud prevention and awareness programs leveraging available delivery mechanism like social media, digital channels, email, SMS and face to face channels.
• Effective execution on Fraud Prevention initiatives aligned to strategy.
• Ensure the effective Management of fraud rules on enterprise Fraud Risk management (FRM) systems

Investigations:

• Establish and maintain investigative principles, processes and techniques that lead to loss recovery (civil and criminal) and successful prosecution.
• Ensure utilisation of the Digital Forensics lab and tools in driving effective and efficient investigations.
• Monitor projects / progress on all assignments.
• Conduct and manage investigations/projects within GFCC portfolio on the following:
  • Complex matters
  • Major financial loss matters
  • Senior personnel
  • Reputational issues
  • Sensitive matters
  • Testify in DE’s, criminal and civil court matters
  • Ensure proper gathering and safe keeping of evidence on all investigative projects.
  • Ensure quality assurance on all investigations and reports

Management Information:

• Analytically review management information to determine current and emerging trends and establish tactical approach.
• Report significant control weaknesses and make recommendations to mitigate the same.
• Report significant issues related to the governance and operational processes including potential improvements to these processes and the provision of information concerning the resolution of such issues.

Stakeholders Engagement:

• Facilitate engagement with GFCC and leverage from centres of excellence to ensure consultation and communication with regards intelligence, analytics, prevention, detective techniques; legal advisory, forensic auditing and investigations.
• Engage on forensics intelligence framework and methodology whereby intelligence can be shared across the SBAR and GFCC intelligence.
• Promote, liaise and engage with country specific fraud forums.

Effectively manage a team:

• Lead, manage and direct the GFCC team.
• Responsible for reviewing the in-country Operating model and structure and to manage the recruitment, development and retention of relevant skills in order to meet the business and GFCC need.
• Responsible for reviewing the in-country Operating model and structure and to manage the recruitment, development and retention of relevant skills in order to meet the business and GFCC need.
• Ensures the effective selection of staff by matching the skills and competencies to the requirements of the job..
• Drives Career Management and succession planning in conjunction with Human Resources.
• Facilitates the views of the team members, resolves issues raised by the team and escalates issues if required and provides feedback to teams on an ongoing basis.
• Ensuring that clear targets are set and that resources are profiled and recruited accordingly.
• Fosters a culture of continuous improvement and performance measurement. Tracking, ranking and managing the performance of the team in line with performance management policies, systems and practices.
• Planning and overseeing the implementation of a skills development plan to address skills gaps.
• Fostering a climate of self-development, learning and personal growth.

Effectively manage risk and loss:

• Accountable for ensuring the recovery of losses through Criminal and Civil action
• Take ownership and overall accountability for allocated cases for Nigeria from the point of allocation until their “formal” conclusion as per the defined processes.

Process and Case Management on Investigations:

• Constantly provide intelligence regarding trends, modus operandi, type of financial crime documents, and standard of fraud application, knowledge of the criminal groups / syndicates regarding the verification process, other processes of SBA that are detected in current investigations on hand.  Secure reporting line to relevant Business Heads regarding relevant intelligence gathered through investigations.
• Regularly liaise with Law Enforcement Intelligence Services to gather information regarding the movement of suspects (locally and internationally), new trends, crime threats and modus operandi that are identified.

Customer Service and Portfolio management: Alliances / Liaison & Networking:

• Ensure effective Customer Service Escalation matrix.
• Timeous input to relevant report requirements (Exco, SAC, Risk Committees, Nigerian Central Bank reports) and management reports

Internal Relationships:

• Various Business Units

External Relationships:

• Nigeria Police Services; Economic and Financial Crimes Commission; Directorate of Intelligence Services of Nigeria; Directorate of Public Prosecution of Nigeria; Nigerian Courts; Central Bank of Nigeria (CBN); Nigeria Deposit Insurance Corporation; Financial Institutions Training Centre; Committee of Chief Inspectors of Banks in Nigeria; Inter-banks Risk Forum - Other banks

Preferred Qualification and Experience
Qualification:

• A first degree in Finance and Accounting preferred.
• Relevant professional qualifications will be an added advantage.

Experience:

• Risk Management - Financial Crime Risk Management
• 5-7 Financial crime risk management experience
• 5-7 Years People management experience
• 5-7 Years Significant experience in managing financial crime risk in a large scale financial crime operational area in Nigeria

Knowledge/Technical Skills/Expertise
Risk Management:

• Demonstrates knowledge and understanding of risk management methodologies, tools, governance structures and regulatory requirements for good management of risk.

Risk Identification:

• The examination of the essential elements of risk such as; assets, threats, vulnerabilities, safeguards, consequences and the likelihood of the threats materialising.

Fraud Detection and Management:

• The ability to apply risk management tools, assess process and identify possible fraud within a defined system or core process.

Risk Awareness:

• General awareness of risk management practices in a financial services organisation.

Risk Reporting:

• The ability to prepare quantitative and qualitative analysis on the risk landscape in the business including interpretation and analysis for use by business users.