Job Description

Job Title Head Fraud Prevention

Salary 1,250 AED (per month)

Description

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 lotof 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
• Risk-Op Risk, Fraud Risk, Credit Risk, Risk Analytics, CISO
• Digital
• Internal Audit Group
• Operations
• HR
• Legal
• Strategic Vendor Management
• International branches

External

• Peers in Banking Industry
• Government bodies and licensing authorities
• Law enforcement/regulatory authorities

Qualifications

Threshold Qualifications

Post graduate

Certified Fraud Examiner, Information security, AML related certification

Years & Nature of Experience

Minimum of 12 years of experience in fraud risk/AML

Experience of using technology to prevent//detect frauds

Value-basedBehaviors

Trusted, Knowledgeable, Collaborative

Technical Competencies

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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