AVP, Fraud Investigations – External Liaison

First Abu Dhabi Bank (FAB); Abu Dhabi; On-site; AED 300,000 - 480,000; Full time

Job summary

First Abu Dhabi Bank (FAB) is seeking an experienced professional for the Group Fraud Risk & Investigations function to provide second line fraud risk oversight for front office and control functions in Abu Dhabi. The role focuses on conducting risk assessments, reviewing processes of high-risk business, and performing vigilance on loans and cards to mitigate fraud.

The incumbent will implement fraud risk strategies, collaborate with SMEs across Investigations, Technology and Strategy, and

Qualifications

• Bachelor's degree in business, Finance, Law, or a related discipline.
• 5 years' relevant experience in the banking sector.
• In depth understanding of bank products, channels and services.
• In depth understanding of fraud risk in the banking sector.
• Excellent administrative skills.
• Strong communication and presentation skills.

Responsibilities

• Assist in the implementation of bank-wide fraud assessment and mitigation strategies covering the bank's key products/channels/segments to provide specific and tailored approaches to managing individual and unique fraud risks.
• Assist in talent development initiatives for the assigned department, collaborating with technical/discipline experts and thereby ensure the availability of talent to fit business requirements.
• Act as a role model and drive adherence to organizational values and ethics by employees of the assigned department to foster a value-driven culture within the bank.
• Ensure effective review of functional policies, procedures and controls covering all areas of the function so that all relevant procedural/legislative requirements are fulfilled while delivering a quality, cost-effective service.
• Assist in process of the identification of opportunities for continuous improvement and sustainability of systems, processes and practices considering global standards, productivity improvement and cost reduction.
• Ensure that all unit reports are prepared timely and accurately and meet FAB requirements, policies, and quality standards.
• Engage in review of all amendments to group-wide, high-risk, standard operating procedures.
• Engage business to conduct walkthroughs on new initiatives in order to understand business process and customer journeys with the aim of identifying fraud risk.
• Ensure that SME's from the Investigations, Technology and Strategy verticals are consulted to obtain input to risk assessments.
• Conduct review of group-wide, Risk and Control Self Assessments for business units subjected to elevated levels of fraud risk.
• Work closely with Line Manager to ensure that all fraud risks have been identified and adequately mitigated, or else risk-accepted by the business.
• Conduct vigilance sampling reviews on customer applications for credit and other Bank products to pinpoint fraud controls, policy deviations and potential fraud.
• Assist line manager to act as GFRI SPOC to actively participate and conclude key BRD's and UAT testing as and when required.
• Ensure that Business adopt control recommendations made by business alternatively that the risk in question is accepted by the appropriate risk committee.
• Conduct and conclude timely review of Dynamic Risk Profile report to ensure key findings are shared with Key Risk function stakeholders.
• Act as GFRI SPOC and engage with Digital teams to ensure effective checks and controls are implemented in key digital journeys.
• Ensure that detailed MI and evidence of Vigilance activities is maintained.
• Support & collaborate with other GFRI activities as/when require.

Skills

Administrative skills

Communication skills

Presentation skills

Education

Bachelor's degree in business, finance, or law

Job description

First Abu Dhabi Bank (FAB) is seeking an experienced professional for the Group Fraud Risk & Investigations function to provide second line fraud risk oversight for front office and control functions in Abu Dhabi. The role focuses on conducting risk assessments, reviewing processes of high-risk business, and performing vigilance on loans and cards to mitigate fraud.

The incumbent will implement fraud risk strategies, collaborate with SMEs across Investigations, Technology and Strategy, and