Lead – Fraud & Financial Crime Risk

About Us:

Allocated Bullion Exchange (ABX)

Allocated Bullion Exchange (ABX) is the world’s leading electronic institutional exchange for allocated physical precious metals. The ABX brings global trading, price discovery, and clearing facilities into one standardised and secure online trading environment via our groundbreaking exchange trading platform, MetalDesk. 

The exchange introduces a new, centrally cleared, transparent, and cost-effective allocated exchange system and standard for the industry by offering precious metal market participants an exchange where they are able to trade, deliver, or store physical precious metal in 7 global locations. ABX gives market participants across the world direct access to one integrated and consolidated global wholesale bullion market. We have enhanced market efficiency, introduced inclusiveness and accessibility, and provided relevant real-time price discovery. 

ABX has Modernised, Globalised & Integrated the precious metal markets by redefining the way physical bullion is traded. We connect all major global liquidity centres and break down the barriers to entry to the global wholesale market for all market participants.

About the Role:

The Fraud & Financial Crime Risk Lead role develops strategies, implements controls, and leads teams to protect an organization from financial crime (AML/CFT/KYC, sanctions) and scaling fraud prevention, ensuring regulatory compliance, analysing threats, enhancing processes, driving awareness and training staff, acting as a key liaison with business units and senior leadership as well as the role will provide strategic leadership across fraud prevention, detection, investigation, case management, governance and regulatory engagement, ensuring effective risk mitigation while supporting sustainable business growth and customer experience.

Please Note: This position is exclusively for Malaysia Citizen and residing in Malaysia. Applications from other locations will be disqualified at the screening stage. 

Policy and Framework:

• Establish, maintain, update, and develop relevant policies, frameworks, and procedures related to fraud and financial crime.

Risk Strategy:

• Develop short-term and long-term strategies for end-to-end fraud and financial crime preventive controls, aligning with internal and external stakeholders. Continually balance risk & quality measures and processes against commercial outcomes and customer service for the company.
• Assess the fraud and financial crime landscape within the financial services and general environment.
• Identify structural/strategic/ tactical methods to synchronise or optimise fraud and AML prevention, detection, monitoring, and measurement-related procedures.
• Act as a key risk advisor to business, product, and technology teams on fraud and financial crime risks.

Analytics and Advisory:

• Provide subject-matter expertise and guidance to business units and senior management on financial crime and fraud risks and controls, especially for new products or services.
• Perform analytics and rules review, fraud optimization.
• Develop and implement key parameters for risk prevention and detection processes that are suitable and effective while taking into consideration customer experience.
• Lead/perform quality reviews on case management and investigations.
• Provide strategic advice on prevention, detection, analysis, and risk mitigation to staff, on operational, product design, customer service, from a regulatory as well as risk appetite perspective.
• Contribute to continuous improvement initiatives to enhance the effectiveness and efficiency of AML controls and processes.

Investigations:

• Oversee investigations into suspicious activities, transaction monitoring alerts, and complex financial crime cases from fraud and AML/KYC/CFT.
• Ensure timely and coordinated responses to identified fraud or financial crime cases.
• Review fraud losses, dispute trends, and root-cause analysis to drive continuous improvement.

Regulatory Compliance:

• Ensure adherence to relevant regulations, sanctions screening, and any other reporting requirements by the relevant authorities.

Risk Management Measurement and Monitoring:

• Develop and implement relevant measurements and metrics, assessment methodologies, and monitoring tools.
• Lead and conduct quality assurance on operations, monitoring, and investigation processes.

Team Leadership:

• Manage, coach, and develop a team of financial crime risk management and fraud risk professionals, driving performance and operational efficiency.
• Partner closely with Technology, Product, Operations, Compliance, and Risk teams to embed fraud controls into customer journeys and system designs.

Stakeholder Collaboration:

• Work with relevant departments (e.g., Product teams, Operations, Fraud Ops, AML/CFT team, Regulatory Compliance) to drive improvements in fraud prevention and detection, monitoring, and controls.
• Actively participate in industry forums and task forces to improve fraud and AML/CFT intelligence.

Technology & Data:

• Work with IT and the vendor to implement systems where required, optimize alert systems, algorithms, and data analysis for detection.

Training & Awareness:

• Develop tailored training and awareness programs for the company and customers to improve risk awareness, with timely updates on the latest fraud modus operandi or industry developments.

Reporting:

• Prepare and present reports to senior management and regulators.
• Monitor fraud risk to be within the risk appetite of the organisation.
• Submit fraud event reports to comply with regulatory requirements.

Requirements:

1. Minimum 15 years of working experience covering the banking industry/ financial technology /mobile banking fraud investigation and surveillance, Fraud risk or AMLCFT risk, and financial crime investigation/detection/analysis/policy making roles. Candidates with both experience are preferred.
2. Has sound knowledge of the relevant regulatory guidelines governing the financial technology business in fraud risk, AMLCFT requirements, and is comfortable and experienced in dealing with regulators and law enforcement organisations.
3. Has experience and knowledge of how to identify and analyse sources of fraud and AML, their related risks, and use different approaches and tools to measure and manage the risk.
4. Able to perform in a fast-paced environment with quick analytical thinking, has a strong sense of urgency, meticulous, inquisitive, very keen to share knowledge, and passionate about process improvement.
5. Confident decision maker, capable of making risk decisions on suspicious transactions, PEPs, and high fraud risk transactions.
6. Experience in conducting relevant risk assessments and ability to communicate effectively with 1LOD teams, to ensure they understand the risks in their area.
7. Strong Understanding of Key financial Crime and Fraud risk indicators and metrics, and can develop them, summarize into reports which explain key trends on a monthly basis for senior management and the board.
8. Strong command of English, both written and spoken.
9. Have strong networking experience with the banking industry, e-wallet/e-commerce, and other digital financial services/banking peers.
10. Strong leadership and stakeholder management skills with the ability to influence senior and Board levels.
11. Hands-on experience with fraud detection systems (Anti-Fraud & AML solutions), rule engines, and analytics.

What We Offer:

• Flexible working arrangements
• Competitive salary
• Ongoing professional development
• Welcoming and supportive culture