Fraud Risk Specialist

Role overview

The Fraud Risk Specialist will own the design, rollout, and ongoing management of the Group’s fraud risk framework. This role works across business lines to keep controls aligned, current, and compliant.

Key responsibilities

• Keep fraud risk and control self-assessments up to date, relevant to each business’s risk profile, and supported by analysis of fraud events, issues, and improvement actions across the Group.
• Support and review the Business’s fraud and financial crime risk assessments, covering enterprise-wide as well as product and process-level activity.
• Act as a subject-matter resource on fraud and financial crime threats, risks, and concerns for internal teams and, where needed, government stakeholders.
• Apply strong knowledge of risk operations and compliance procedures in a regulated financial services setting.
• Review, update, and prepare policies, annual plans, and operating or working manuals so first-line and second-line responsibilities remain aligned.
• Partner with key stakeholders to develop fraud prevention and investigation processes, including audit trails for suspicious or unusual activity.
• Help foster a workplace environment that reduces the likelihood of fraudulent conduct.
• Work with relevant stakeholders to ensure thorough investigations of suspected fraud and to pursue every reasonable measure to identify perpetrators and safeguard the Group.
• Prepare and deliver fraud awareness training so teams receive clear information that helps reduce fraud risk.
• Assess processes and systems for fraud exposure and recommend improvements based on findings from reviews and investigations.
• Review strategic business and system initiatives to ensure they are properly assessed, supported by projects, and tracked through to completion.
• Strengthen internal controls, use investigative methods, and ensure compliance with applicable laws and best practices across the Cornerstone Group.
• Support investigations into fraud allegations involving employees and address irregularities or red flags identified by Internal Audit and Compliance.
• Record all investigative actions and assist consultants in interviewing witnesses or suspects and taking statements.
• Coordinate with law enforcement officers and attorneys as needed.
• Collaborate with stakeholders on investigations into suspicious financial activity, including money laundering concerns.
• Build, implement, and maintain fraud detection tools.
• Review financial data to spot anomalies and assess operations for fraud-risk exposure.
• Complete investigations within the required SLA and produce written reports presenting findings.
• Respond to fraud risk queries from business units and recommend appropriate actions in fraud cases.
• Work with stakeholders to negotiate recovery of losses linked to fraud.
• When necessary, engage external parties to verify information and confirm suspicious activity.
• Support the resolution of customer issues within existing service-level agreements.
• Ensure investigation files and supporting documentation are complete and well maintained.
• Carry out field surveillance to collect relevant fraud intelligence.
• Assist consultants and attorneys with court appearances and provide testimony on investigation findings when required.

Qualifications and experience

• A bachelor’s degree in Risk Management, Finance, Economics, Statistics, or a closely related field is required.
• Professional certification such as Certified Fraud Examiner (CFE) or a risk management certification is preferred.
• At least 6 years of work experience is required, including a minimum of 3 years in a supervisory role, ideally within a financial institution regulated by the BOJ or FSC.
• Strong working knowledge of compliance-related legislation is needed, including the Proceeds of Crime Act, Banking Services Act, Securities Act, Pensions Act, Money Laundering Act, the relevant regulations, and Stock Exchange rules.

Additional information

This position is based in Kingston, Kingston, Jamaica and is offered as a full-time onsite role. The job requires close collaboration across business functions and may involve interaction with government agencies, law enforcement, attorneys, external partners, consultants, and the courts. No salary, stipend, number of vacancies, start date, or application deadline were provided.