UK

Head of UK Risk

iSX Financial EU Plc is an authorized Electronic Money Institution licensed by the Central Bank of Cyprus. We offer a range of financial services, including payments, issua...

iSX Financial EU Plc is an authorized Electronic Money Institution licensed by the Central Bank of Cyprus.

We offer a range of financial services, including payments, issuance of electronic money, IBAN addressable stored value accounts, and KYC identity verification services to eCommerce merchants, regulated sector businesses, and consumers.

At ISX Financial EU Plc, we take pride in operating a sophisticated and patented anti-money laundering and antifraud system that provides real-time transactional security to our business and retail customers.

Our platform detects AML issues currently in focus by regulators, ensuring compliance and security.

As part of the ISX Financial Group of companies, we deliver technology and financial services to our customers through our in-house developed platforms.

With over 150 staff spread across our global offices in Australia, Cyprus, Lithuania, the United Kingdom, Netherlands, USA, Israel, and Malta, we maintain a strong presence worldwide.

This position offers an excellent opportunity to join ISX Financial and be a key player in our development, growth, and retention.

The Role:

Customer Focus

  • Conduct qualitative research of payment verticals of our customers to understand and deliver insight towards intelligence/investigation trends, and how these trends represent risk.
  • Work closely with other operational teams, (particularly AML/Compliance) and stakeholders to ensure that risk intelligence outputs are supporting the onboarding, periodic review and monitoring of customers. 

Accountability

  • Optimise risks but AnalysingUK transaction in order to optimise risk management strategies for clients 
  • Reduce risks through risk assessment practices identify risks and opportunities for the existing fraud control measures (Risk Engine) and support the translation of insight into tactical project and detection design. 
  • Prevent loss by Investigating both trend and specific cases amongst customers and transactions to prevent loss from fraud and credit risk using data mining, predictive analytics tools, and social network analysis.
  • Identify and recommend to the Chief Risk Officer risk mitigation strategies comprising the various combinations of commercial, technical, and legal approaches.
  • Identify heightened customer risks to Sales and legal teams in order to ‘price in’ risk factors and commercial mitigants.

Responsibilities

  • In conjunction with the Chief Risk Officer, update and apply the risk framework, and monitor ISX Group customers as the intersect or interact at any stage with UK operations with regards to the Company’s risk appetite.
  • Provide continuous improvement recommendations on detection rules/systems to increase the effectiveness of current fraud detection and minimise the impact to customers, contribute to innovative ideas for the improvement of Fraud Risk Management. 
  • Support the collection and collation of information using Intelligence flows and open source investigation tools.
  • Update the risk assessment for the Company.

Engagement

  • In conjunction with the software development team, collaborate on the design of risk mitigation tools and dashboard.
  • Attend Risk meetings as delegate of the Chief Risk Officer.
  • Develop MIS reports for executive teamand other operational teams

 

Requirements:

  • Risk Framework development and assessments
  • Risk scoring / Application of Key Risk Indicators.
  • Enterprise Risk Assessments
  • Have a strong back ground in Card Acquiring and card scheme risk assessment.
  • Demonstrate banking risk background with respect to international transactional banking via SEPA and SWIFT


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