Manager - Fraud Risk Management Unit (FRMU)

COMPANY OVERVIEW

Our client, a Karachi-based, State Bank of Pakistan (SBP) regulated Electronic Money Institution (EMI), seeks to appoint an experienced professional for the following role:

Job Role

The individual is responsible for designing, implementing, and maintaining a robust fraud risk prevention and detection framework across all business functions of the IME—including digital platforms, remittance transactions, foreign exchange operations, agent network, customer onboarding channels, and internal processes. The unit ensures that the company remains protected from financial fraud, internal misconduct, cyber-enabled crimes, identity theft, and payment-related malicious activities.

Key Responsibilities

• Establish and maintain fraud risk policies, procedures, controls, and Standard Operating Procedures (SOPs).
• Develop and implement a comprehensive Fraud Risk Management Framework (FRMF) aligned with SBP, FMU, FATF guidelines and global best practices.
• Design and implement preventive risk controls for digital onboarding, KYC, remittances, agent operations, and internal workflows.
• Coordinate with Product & IT teams to embed fraud-resilient design into new digital platforms, APIs, integrations, and customer journeys. Develop fraud risk rules, thresholds, and controls in monitoring systems, including real-time alerts and scenario-based triggers.
• Utilize data analytics, dashboards, and automated tools to identify anomalies and suspicious activities
• Perform continuous monitoring of transactions, system activities, agent behavior, and user patterns using analytics and fraud monitoring tools.
• Lead internal investigations of suspected or confirmed fraud incidents (internal & external).
• Maintain a fraud incident register and support disciplinary actions where appropriate.
• Work closely with AML/CFT, Compliance, IT Security, Legal, Operations & Internal Audit on fraud-related matters. Report fraud cases and trends to the Head of Risk & Compliance, Management Committees, and the Board (where required).
• Develop and implement employee Code of Conduct initiatives regarding fraud, ethics, and conflict of interest.

Education

• Minimum 16 years of education, preferably a Bachelor's degree in preferably in Business Administration, Finance, Accounting, or related field.

Experience

• Minimum 5 years of professional experience, preferably in a large national/multinational organization
• Experience in a bank, EMI, fintech, or regulated financial institution growth functions is preferred.

Requirements

• Strong analytical, investigative, and problem-solving skills
• Knowledge of digital fraud, cyber-crime patterns, payment fraud, social engineering, and identity theft
• Understanding of SBP regulatory frameworks, AML/CFT, and financial crime controls
• Hands-on experience with fraud monitoring tools, BI reporting, and data analytics tools

Age

• The candidate should preferably be not more than 35 years of age as of last date of submission of application.

This advertisement is published on 28 April 2026. The last date to apply is 07 May 2026. Candidates who possess the required experience and educational qualifications to undertake this challenging role are encouraged to submit their applications at https://hrsi.careers-page.com/

Only shortlisted candidates will be contacted.

www.hrs-int.com