Job Description

JOB PURPOSE:

The purpose of the job is to ensure bank's policies, products, and processes are secured against risk of fraud. The job holder must design and implement fraud assessment & mitigation strategy and implement it across the bank.

KEY ACCOUNTABILITIES:

Core Responsibilities

To review high risk products and processes for identification of fraud risk and recommend mitigating controls

To conduct FRA (fraud Risk Assessment) for fraud prone processes

To review FRA part of the RCSAs(Risk & Control Self Assessment)

To obtain and disseminate information about fraud modus operandi (MO)

Review the process recommendations made by investigation team

Maintain the Fraud Risk register in collaboration with other team members

Strategic Contribution

Develop and ensure the implementation of bank-wide fraud assessment & mitigation strategies covering the bank's key products/ channels/ segments in order to provide specific and tailored approaches to managing individual and unique fraud risks.

Ensure effective cascading of the functional strategy into department business plans to ensure vertical alignment and horizontal integration with other interfacing departmental strategies.

Policies, Systems, Processes & Procedures

Manage and ensure effective implementation of policies, procedures and controls covering all areas of assigned department activity so that all relevant procedural/legislative requirements, fulfilled while delivering a quality, cost-effective service.

Fraud Risk Assessment & Prevention

Lead the review of all the operations, processes and procedures of the bank and ensure the effective identification of fraud risks/ areas that provide opportunities for fraud risk, as well as the assessment of these in terms of impact and likelihood.

Develop, refine and ensure the implementation of prevention techniques to avoid potential key fraud risk events, and where feasible, to mitigate possible impacts on the organization.

Continuous Improvement

Lead the identification of opportunities for continuous improvement and sustainability of systems, processes and practices considering global standards, productivity improvement and cost reduction.

Job Context

Specific Accountabilities

Count of NPAPs reviewed within a specific TAT.

Count of FRAs conducted and reviewed.

Support team in FRA's (Fraud Risk Assessment), document reviews to make sure all business units are abiding by the bank's policies/process.

Review of KRI (Key Risk Indicator) on periodic manner to identify Fraud incidences within business Units.

Support team in following up of process and other recommendations which were raised by fraud investigation team.

Updating/maintaining Fraud Risk Register.

Qualifications

Threshold Qualifications

Graduate

Certified Fraud Examiner, AML related certification

Years & Nature of Experience

Minimum of 5 years of hands on experience in fraud risk functions

Value-based Behaviours

Trusted, Knowledgeable, Collaborative

Technical Competencies

Knowledge of banking products and channels

Knowledge of fraud schemes

Oral and written Communication skills