Manager, Fraud Risk Job Vacancy in (Dubai)

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Vacancy : Manager, Fraud Risk
Company Location : Dubai

Job Description

The purpose of this job is to establish an enterprise fraud governance and control framework for the bank including the testing of existing fraud controls.
Principal Accountabilities
Develop an enterprise fraud risk controls framework, fraud risk assessment standards, RCSA and KRI working in conjunction with the Head of Fraud Risk Management
Knowledge of banking products, operations and systems
Risk assess business and operations activity to identify fraud risks and implement mitigating controls
Assess the design and effectiveness of the banks fraud prevention program
Provide the required support and guidance to the business to embed and implement fraud policy requirements and control measures within their business areas
On a risk based approach undertake fraud risk control assessment to test the effectiveness of existing controls
Develop fraud detection rule strategy to be implemented in the fraud detection system
Analyze rule performance on an ongoing basis and manage the exercise to fine tune rules on an ongoing basis to improve detection rates
Assess risks associated with launch of new products and services to ensure appropriate controls are there in place to mitigate fraud risks
Understand business strategy and fraud risk priorities and work closely with the business units to implement best practice guidelines and controls to enable proactive detection and prevention of fraud
Plan and undertake annual fraud risk assessment partnering with audit, operational risk and other control functions as applicable
Prepare management dashboard for Operational Risk Committee meetings and periodic reporting to management
Provide oversight on the monthly fraud cases investigated
Review investigations reports prepared by the investigators to ensure the reports are clear and concise
Maintain internal blacklist of confirmed fraud cases
Develop content for fraud awareness training and campaigns
Manage the roll-out and completion of fraud awareness training program across the bank
Prepare monthly fraud reports for Head of Fraud Risk and Head of Operational Risk
Support the Head of Fraud Risk to track, manage and minimize fraud losses across all products, segments and service lines
Develop and maintain strong working relationship with internal stakeholders and act as a point of contact for subject matter expertise on topics related to fraud prevention

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