AVP- Fraud Risk- International

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 of your own, as a pioneer in both the company and the industry.
Job Description

Core Responsibilities

• Frauds are prevented at the bank by conducting proactive checks.
• Interact with law enforcement agencies, insurance companies, regulator etc to discuss/brief about the incidents
• Be aware about the regulatory requirements for fraud reporting in all the Internationals countries where the Bank operates. Ensure regulatory reporting's for fraud incidents are done in line with requirements
• To ensure best practices are implemented in the fraud investigations area to support appropriate legal/disciplinary action
• To support the automation of investigation process for reducing manual effort and improve efficiency and effectiveness of the investigation unit
• Present investigation findings and trends to stakeholders on periodic basis in the form of investigation newsletter
• Fraud awareness.
• Ensure all reported incidents are objectively reviewed in line with group fraud risk & investigation policy for launch of investigations
• Logical closure of fraud incidents in line with best practices
• Maximize recoveries by coordinating quick action with internal teams/external entities including other banks, insurance and legal teams
• Minimize losses by taking switch action to contain the incident
• Writing of investigation reports
• Should guide the First Line of Defense to conduct investigations appropriately
• Should be able to challenge and be ready to get challenged to ensure fair and objective investigations
• Should lead by example to demonstrate professionalism, ethics and integrity
• Ability to analyze data to identify frauds and validate investigation findings
• Should work closely with other teams in Fraud Risk & investigation to ensure learnings are identified and relevant controls implemented for preventing reoccurrence of fraud incidents
• Identify areas for conducting fraud awareness and use digital/in person channels to raise fraud awareness.

Qualifications

Threshold Qualifications

• Graduate
• Certified Fraud Examiner, AML related certification
• Minimum of 8 years of experience in fraud risk investigations
• Experience of using technology to prevent//detect frauds
• Should have conducted investigations related to bribery and corruptions, trade finance frauds, digital channels, procurement fraud schemes and treasury products

Technical Competencies

• Knowledge of banking products and channels
• Knowledge of fraud schemes
• IT knowledge to ensure technology is used to aid the investigations, improve the effectiveness and efficiency
• Excellent Oral and written Communication skill

Additional Information

This role is responsible for supporting Head of Internationals FRI in all International Fraud Risk activities including but not limited to conducting fraud investigations and initiating recoveries for fraud loss incidents on all cases in Internationals, fraud prevention, detection, and awareness. Job holder should work closely with International Risk Team and Group FRI including Investigations, Fraud Prevention & detection team to ensure learnings from investigations are converted in the practical controls to prevent reoccurrence of incidents. Job holder is responsible to support Internationals to conduct spot checks, coordinate mystery shopping activities with the vendor and support fraud awareness activities.