Senior Fraud Officer

Founded in 1856, Banque Internationale à Luxembourg is the oldest multi-business bank in the Grand Duchy. From its foundation, the BIL has always played an active role in the development of the Luxembourg economy. It currently operates in retail, private and corporate banking, as well as on major capital markets. Employing more than 2 000 people, BIL is present in the financial hotspots that are Luxembourg, Switzerland, and China.
As a major player in Luxembourg’s finance industry and as a signatory of the UN Principles of Responsible Banking, BIL is committed to handing over a responsible and sustainable bank to future generations.

Your next challenge:

• Fraud Prevention & Detection:
  • Develop and implement comprehensive fraud prevention strategies, policies, and procedures in line with regulatory requirements and business needs.
  • Risk Assessment: Evaluate and analyze risks associated with fraud to develop strategies for prevention and mitigation.
  • Monitor continuously transactions and activities to identify potential fraudulent behavior, suspicious activity, utilizing advanced analytics and fraud detection tools.
• Investigation & Analysis:
  • Lead investigations into suspected fraudulent activities, coordinating with internal teams and external authorities as necessary.
  • Conducting thorough investigations into suspected fraud cases, gathering evidence, and documenting findings.
  • Analyze patterns and trends in fraud cases to prepare reports and recommend improvements to fraud prevention strategies.
• Collaboration & Communication:
  • Work closely with compliance, legal, and operational teams to ensure alignment on fraud risk management practices, to address fraud cases and improve security measures.
  • Communicate findings, trends, and recommendations to senior management and relevant stakeholders/ authorities in a clear and concise manner.
• Training & Awareness:
  • Develop and conduct training sessions for staff on fraud prevention techniques and policies to foster a culture of awareness and vigilance.
  • Educate staff and clients about fraud prevention techniques and the importance of reporting suspicious activities.
  • Create engaging training materials that effectively convey complex fraud-related information.
• Regulatory Compliance:
  • Stay updated on relevant regulations and industry best practices related to fraud prevention, ensuring that the organization remains compliant.
  • Keep abreast of current fraud trends and techniques to adapt prevention strategies accordingly. 
  • Prepare and maintain accurate records of fraud cases, investigations, and preventive measures.

Your skills: 

• Education:
  • Master’s degree in finance, business administration, criminal justice, or a related field. A master’s degree or professional certifications (e.g., Certified Fraud Examiner - CFE) is preferred.
• Experience:
  • Minimum of 5-7 years of experience in fraud prevention, investigations, or related areas within the banking or financial services sector.
  • Proven track record of successfully managing fraud investigations and implementing effective fraud prevention strategies.
• Skills:
  • Strong analytical and critical thinking skills with the ability to analyze complex data and identify patterns.
  • Excellent communication and interpersonal skills, with the ability to engage and collaborate effectively with diverse stakeholders.
  • You are fluent in French and English. 
  • Demonstrated leadership abilities, with a proactive approach to managing teams and projects.
  • Lives the 80/20 principle and gets things done
  • Can see the big picture and can think long-term

• • Caring: Empathetic and open-minded, fostering a supportive environment for team members and stakeholders.
  • Leading: Ability to lead by example and inspire others through commitment to excellence in fraud prevention.
  • Engaging: Passionate about fraud prevention and dedicated to engaging with all levels of the organization.
  • Accessible: Approachable and credible, ensuring stakeholders feel comfortable discussing concerns related to fraud.
  • Reliable: Committed to following through on tasks, ensuring thorough documentation and timely reporting of fraud cases.

BIL offers a broad range of challenging projects and a huge choice of career paths .We will assist you in finding the one that best meets your skills and expectations. Your personal development is our priority and we greatly encourage you to dive into different business areas for the broadest possible experience.
BIL is firmly of the opinion that diversity & inclusion contribute towards increasing the collective performance of the Bank. We are committed to creating a culture of inclusion that encourages individual development with equal opportunities for all.

NB: The selected candidate will be asked to provide an extract from the criminal record (no.3) as evidence of integrity and justified with regard to the specific needs of the position to be filled. Other documents will be collected, to the extent legally permitted, to perform background checks.