Job Description

Job Title VP & Head of Fraud Prevention & Vigilance

Description

VP & Head of Fraud Prevention & Vigilance (UAEN Only)
First Abu Dhabi Bank (FAB) Al Qurm Business Park, Abu Dhabi, United Arab Emirates
Full-time
Company Description
Now it's your time to join the #1 bank in the Middle East and one of the most prestigious financial companies in the region. Shaking up the world of banking requires a lot of smarts and skill. We're looking for the brightest and best to help us reach our goals and we'll also help you reach yours.
Your success is our success as you grow stronger in your career. Join us and leave a legacy o f your own, as a pioneer in both the company and the industry.

Core Responsibilities
Ensure Fraud prevention systems are implemented per the plan and approved budget
Ensure efficient and effective anti-fraud controls are inbuilt in the products and processes before they get launched
Fraud Risk RCSA are conducted to create FR profile
Plan and execute vigilance strategy for proactive fraud prevention & detection
Staff, customers & other stakeholders are made aware about frauds and prevention techniques
Ensure First Line of Defense work effectively for fraud prevention & detection
Specific Accountabilities
Fit for purpose Anti-fraud systems are implemented & used appropriately for fraud prevention
Rule effectiveness review and making necessary changes to improve efficiency and effectiveness
FRA-RCSA are reviewed and risk scenarios along with mitigating controls and residual risks are accurately documented
All new product, process, Business Requirement Documents are reviewed to identify fraud risk and mitigating controls are inbuilt in the processes
Tracking of process recommendations made by Investigation team to ensure such frauds do not reoccur
Close coordination with fraud investigation and fraud governance units to ensure gaps identified are addressed immediately and losses are contained
Conduct periodic generic/customized fraud awareness sessions for bank staff
Alerts generated by anti-fraud systems/received from other channels (which are not part of FLOD) are reviewed and timely action is taken
Lead the fraud prevention initiatives for the FAB group by working with internal/external entities
Lead and conduct spot check, executive vigilance activities etc to detect fraudulent practices.
FRAMEWORKS, BOUNDARIES, & DECISION MAKING AUTHORITY
Internal
Personal Banking Group
Corporate & Investment Banking Group
IT Team
Digital
Internal Audit Group
Operations
HR
Legal
International branches
External
Peers in Banking Industry
Government bodies and licensing authorities
Law enforcement/regulatory authorities
Qualifications
Threshold Qualifications
Post graduate
Years & Nature of Experience
Minimum of 12 years of experience in fraud risk/AML
Experience of using technology to prevent//detect frauds
Value-based Behaviors
Knowledge of banking products and channels
Knowledge of fraud schemes
IT knowledge
Oral and written Communication skills
Additional Information
This role is responsible for fraud prevention and detection thereby protecting FAB, customers and stakeholders against frauds globally.
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