What are the responsibilities and job description for the Fraud Prevention Consultant position at Madison-Davis, LLC?
Develop governance framework for the Anti-Fraud (AF) program
- Maintain proper governance structures and reporting to include committees, sub committees and working groups as needed
- Manage the AFC meeting
- Set the AFC agenda
- Communicate meeting minutes and takeaways to appropriate parties
Maintain a centralized process for Fraud Risk assessment and Control identification
- Coordinate with Legal and Compliance Department (LCD) Risk Assessment Team and ORD to maintain a repeatable Fraud Risk assessment methodology and process
- Create and maintain fraud taxonomy library
- Coordinate with ORD to identify control gaps and remediation
- Manage and improve the annual Fraud Risk assessment process
Policy and procedure coordination across the program
- Coordinate and review all AF policies and procedures to ensure consistency across the entire BOC US organization
- Review the AF policy yearly
- Maintain a library of AF procedures in coordination with FLUs and applicable functions
Audit and exam coordination;
- Develop and manage a centralized process for coordinating all AF internal and external exam responses
- Ensure the AFP is responsive to all exam and reviews
- Remediate all identified issues
- Complete BSA/AML and/or Financial Crime Compliance related task(s) assigned by the supervisor
