Fraud Risk Manager

About the role

The Fraud Risk Manager will lead the Fraud Risk Management Department at idbank, overseeing the design, implementation and operation of fraud prevention and monitoring systems. The role ensures robust detection, analysis and response processes to protect the bank’s assets and reputation.

Key responsibilities

• Implement and operate a fraud prevention and monitoring system, including development of monitoring rules, scenarios, periodic reviews and integration with the bank’s IT systems.
• Organize the identification, assessment, classification and continuous monitoring of fraud risks to enable timely prevention and response.
• Register, analyse, document and reflect fraud incidents in relevant information systems, and manage case investigations to uncover root causes and develop preventive measures.
• Develop and deploy fraud detection mechanisms (controls, monitoring rules, scenarios) in collaboration with business units.
• Evaluate the effectiveness of controls based on incident analysis and propose improvements to reduce fraud risk.
• Participate in the drafting and periodic review of internal legal acts governing fraud prevention and detection.
• Prepare regular reports on fraud cases and risks for senior management, internal and external stakeholders, and support employee awareness and training initiatives.
• Co‑operate with law‑enforcement authorities as required.

Required profile

• University degree in economics, finance, banking, mathematics or a related field.
• At least 5 years of experience in the financial sector, with a minimum of 2 years in fraud risk management or a related area (risk management, internal audit, security). Management experience is a plus.
• Knowledge of Armenian banking regulations, international best practices in fraud risk management, and the ability to analyse banking processes, products and control mechanisms.
• Fluency in Armenian, Russian and English.
• Strong analytical thinking, problem‑solving ability and capacity to handle multiple tasks simultaneously.

Required skills

• Advanced proficiency in Microsoft Excel.