Ketil Clorius
Head Of Global Fraud Strategy And Transformation
Frederiksberg C
Summary
A highly experienced and entrepreneurial AML & Fraud Leader with over 20 years of experience in financial crime prevention, spanning Banking, Big 4 Consultancy (KPMG), and specialist software (SAS Institute). I am adept at designing, owning, and scaling integrated financial crime frameworks in complex, multi-jurisdictional environments—a capability directly relevant to Wolt Financial Solutions’ global, fast-moving marketplace. Most recently as Global Head of Fraud Strategy and Transformation at SEB and prior to that as Global Head of Fraud Management at Danske Bank and Director for Financial Crime in KPMG, I have proven expertise in: Framework Design & Control Ownership: Developing and continuously improving global AML/CFT and Fraud prevention frameworks, including deep control ownership across Fraud Monitoring/prevention, Sanctions/PEP Screening, and Customer Risk Scoring. Strategic & Scalable Solutions: Leading technology-driven initiatives and cross-functional teams (e.g., Product, Engineering, Legal) to translate complex regulatory requirements into robust, customer-centric and scalable payment solutions. Governance & Reporting: Overseeing policy design, leading Board and Senior Management reporting across multiple jurisdictions (e.g., Nordic, Baltic, UK, Germany, Luxembourg). I combine deep subject matter expertise in Fraud, AML, Sanctions, Risk Management, and EU/EEA regulatory framework PSD2 and the upcoming PSR with the ability to safeguard reputation, deliver strong risk mitigation, and enable business growth simultaneously
Overview
29
29
years of professional experience
Work History
Global Head of Fraud Strategy and Transformation
SEB
12.2022 - Current
- As lead of the Global Fraud Strategy and Transformation team I am spearheading the fraud agenda across SEB’s different legal entities. This includes the Nordic, the Baltic region, Germany, Poland, United Kingdom and 12 international offices.
- My main responsibility is to set the overall fraud strategy, harmonising the governance set-up, target operating model, instructions, and standards across the legal entities. I am currently driving the bank's compliance analysis on PSD2 and the upcoming PSR EU regulation, mapping requirements and creating comprehensive project plans for global compliance. Furthermore, I am responsible for managing the response to Internal Audit findings concerning Fraud.
- To have a successful fraud management - data is the key. Therefor I am driving an initiative to consolidate fraud data from the various legal entities and aligning the data taxonomy to the EBA taxonomy. This initiative has been key to drive the Risk Management reporting on global KPI and KRI.
- I am also leading the global technology strategy to create the foundation for a 360-degree technology driven customer-centric focus. To secure cutting-edge capabilities, I am leading a technology payment RFP (Request for Proposal) for fraud and AML prevention and monitoring solutions for payments and cards, which gives me the latest insights into fraud AML monitoring technology.
- This approach addresses the fraud risk organisation wide and mitigate the fraud threats cross SEB on payment, cards, lending, investments, and insurance fraud on a global scale.
FVP, Global Head of Fraud Management
Danske Bank
01.2019 - 11.2022
- As Global Head of Danske Banks Fraud department, I had the responsibility for 130 people and full fraud agenda in Danske Banks cross the Nordic, Germany, Luxembourg, UK and China. I presented annually to the Executive Leadership team and the Board of Directors on the progress and status of Fraud Management. In addition, I represented Danske Bank on National TV, Radio and Newspapers on the various Fraud topics.
- Core responsibilities included, setting the Fraud Management Strategy for 2023, developing a new Fraud Taxonomy, Fraud instructions and a Target Operating Model (TOM). The taxonomy amended Internal fraud, Lending (mortgage fraud), and Investment fraud to the already existing Cards and Payment elements in the existing taxonomy. The strategic ambition was to improve the Danske Bank fraud detection and prevention capabilities, so they were above European best practice, at peer level. I achieved this by investing in technology, optimising/automating processes, and upskilling and training people.
- On top of this, I had the Operational responsibility for day-to-day follow-up on SLA deliveries and also incident management. The focus was to have a strong customer centric approach protecting large and mid-size corporates and the retail customers before, during and after fraud events. This was done by implementing a 24/7 fraud service, close loop learning on each individual team members performance and collecting feedback from the customers – taking this approach led to the team achieving one of Danske Banks best customer feedback score in Danske Bank as well as attaining and maintaining an investigation performance level of 95% within the team.
- Within the Analytic and Data scientist team, we continually had to improve the fraud detection ratio. This was done by building a Data scientist team, do deep analysis on the performance, ongoing improving the fraud detection technology with new internal and external data points and sharing best practice with other fraud management department cross Europe.
- In the Fraud Risk Management journey, Danske Banks risk framework was implemented identifying inherent and residual risk fraud risk on a fraud type level. This did set the priorities for the strategy and investments. On top the product Fraud Risk Assessment methods was implemented setting the framework and questionnaire for new and existing products, processes and systems.
- My main achievements as the FVP of Global Fraud Management have been:
- To put the Fraud Management department on the executive management teams agenda so they have invested significantly in the agenda
- Reducing the departmental cost of fraud management in comparison to the savings the department has saved for the bank and the customers; this has improved 3-fold year on year (from 3 to 6 times the department cost every year)
- The department contributed to the societal impact agenda by supporting to more than 200 police arrest, reach out to more than 34 million customers with fraud information messages, and
- Creating a work environment that had an engagement score of 89 out of 100.
Director, Leading Fraud & Financial Crime Services
KPMG
03.2015 - 12.2018
- As Director, I built the Forensic practice in KPMG Denmark, created service offering strategies, client targets, team profile and lead the recruitments process.
- Key Client Success Stories:
- Fraud: I supported clients in optimizing their fraud and disputes process by implementing machine learning, robotic and chat/voice bots. The project significantly improved fraud losses rates, reduced false positives, improved process quality and reduce FTE's.
- AML Strategy: I assisted Nordic banks in leading their AML Asset Management function, which operated Europe-wide. This role included interim team management as well as defining and setting a clear strategy for the overall AML organisation.
- As an outcome of the new strategy, I aligned their Sanction and ODD processes and made them efficient cross-countries. Moreover, I had the responsibility to develop organisational, system and operational change management initiatives for the Bank.
- Sanctions: I implemented a new sanction screening and governance setup in a large Nordic bank.
- The project was based on a gap analysis that led to an implementation of an automated sanction screening setup towards investments and transactions. Moreover, writing new governance and process, including role and responsible descriptions, sanction committee charter, escalations board, risk and reporting structure.
- AML Policy Assessment: I have extensive experience in gap and benchmarking analysis of clients’ existing AML and Sanctions policies and procedures making them comply with national/international legislation and best practices.
- Transaction Monitoring: I have worked with different tools that can improve quality, reduce false positives significantly and setup the systems to new trends and legislation, which has given me a thorough understanding of the technical aspect as well.
Head of Nordic COE Fraud & Financial Crime
SAS Institute
01.2014 - 04.2015
- Key responsibilities:
- Steering, building, and setting the strategy for Nordic Fraud and Financial Crime Center of Excellence team based on senior employees with specialized knowledge within Fraud and AML.
- Nordic responsibility for SAS’s Fraud and AML software solutions – maintain knowledge and development according to legislation and marked trends.
- Implementing Anti-Fraud and Financial Crime software in Banks and Insurance companies. Bringing SAS Institute on the thought leadership map regarding Fraud and Financial Crime.
Head of Risk Management Denmark and Sweden
Teller
06.2011 - 12.2013
- Key responsibilities:
- Building a new Acquiring Risk Management department. The main focus was to minimize Tellers acquiring losses in the Nordic countries. Setting strategy, developing procedures and management reporting.
- Overseeing the risk assessment process on new merchant applications, where the focus was on evaluating credit risk, application fraud and complying with AML legislations.
- Additionally, developing a portfolio of risk management procedures for more than 100.000 merchants.
- Monitoring of credit risk, fraud risk and bankruptcy risk was a daily task.
- To keep up with new trends in credit risk, fraud and AML legislation I was responsible for of developing new processes around Tellers applications procedures and responsible for internal audit in relation to comply with producers and AML.
Head of Risk Assessment Nordics
Nets
01.2009 - 06.2011
- Key responsibilities:
- Risk Assessment across Denmark, Sweden, Norway and Iceland for Nets.
- In charge of 20 employees. My team's main task was to minimize economic losses for Nets A/S and Teller by making through costumer due diligence.
- The job contained implementing lean management, dailyboard meetings, recruiting process and ongoing management tasks cross the Nordics.
Senior Fraud Analyst
PBS
09.2007 - 05.2009
- Key responsibilities:
- In charge of setting fraud monitoring alerts for more than 5 million credit and debit cards from Denmark, Finland Norway, Ireland, Northern Ireland and Sweden. This included American Express, MasterCard and Visa
- Key Account Fraud Manager for Nordea; advising Nordea in how to minimize their fraud losses.
- Responsible for fraud statistic, reports and risk scenarios to the board of PBS.
- Presenting new trends and options to optimize the fraud monitoring services, Head of internal, communication
Fraud Analyst
PBS
01.2006 - 09.2007
- Credit card fraud analyst – setting alert parameters and management reporting.
Professional Football Player
B93 and BK Frem
01.1997 - 01.2006
- I played Elite football at a Super Liga level and played around 300 matches on the highest level in Denmark. This experience taught me not only how to work under extreme pressure but how to excel under it, without being stressed.
- Having had my work performance evaluated on a weekly basis by several thousand people who gave their direct criticism of my game, is the reason I can perform under pressure, including often having to make unpopular decisions and execute against them.
Education
ACAMS Fraud and Financial Crime Conference
12.2025
ICA Advanced Certificate - Managing Fraud
01.2025
Professional media training
Jesper Klit & Partners
01.2023
Valcon Lean Leder Education
Nets
01.2011
Nets Talent Program
Nets
01.2009
Master Social Science - undefined
Roskilde University
01.2003
Skills
Entrepreneurship – ability to start and build, new departments, setting strategy, governance, and structure
Profound insight with Sanctions regimes and Fraud and Financial Crime
Excellent management and motivations skills
Excellent communication skills
Stakeholder management
Go do mentality
ABOUT ME
- Married to Helena
- Children; Vincent 2020, Lothar 2015, Flora 2008, and Carlos 2006
- Social contact with my friends
- Sport: Football, running and CrossFit
- Travelling; outside Denmark once a year
Timeline
Global Head of Fraud Strategy and Transformation
SEB
12.2022 - Current
FVP, Global Head of Fraud Management
Danske Bank
01.2019 - 11.2022
Director, Leading Fraud & Financial Crime Services
KPMG
03.2015 - 12.2018
Head of Nordic COE Fraud & Financial Crime
SAS Institute
01.2014 - 04.2015
Head of Risk Management Denmark and Sweden
Teller
06.2011 - 12.2013
Head of Risk Assessment Nordics
Nets
01.2009 - 06.2011
Senior Fraud Analyst
PBS
09.2007 - 05.2009
Fraud Analyst
PBS
01.2006 - 09.2007
Professional Football Player
B93 and BK Frem
01.1997 - 01.2006
ICA Advanced Certificate - Managing Fraud
Professional media training
Jesper Klit & Partners
Valcon Lean Leder Education
Nets
Nets Talent Program
Nets
Master Social Science - undefined
Roskilde University