Senior Manager Fraud Prevention - Banking

We are currently looking for a Senior Manager Fraud Prevention for our UAE operations with the following Skill set and terms & conditions.

Professional / Technical Qualifications / Diplomas:

CFE ACFE FRM or other similar qualification.

Experience:

Minimum of 10 years of senior Fraud risk management/investigations experience in banking, forensic intelligence, police, or consulting, with at least 5 years of which in banking. Previous experience in leading and managing fraud units/teams and a whistleblowing function is preferential. Experience in interaction with the police and other authorities in fraud matters.

Specialist Skills Required for the Job:

1. Analytical and Investigation: Excellent analytical and investigation skills and attention to detail.
2. Project Management: Develops project plans, coordinates projects, communicates changes and progress, completes projects on time and within budget, manages project team activities.
3. Communications Skills: Strong verbal and written communication skills.
4. Teamwork: Balances team and individual responsibilities, exhibits objectivity and openness to others' views, gives and welcomes feedback, contributes to building a positive team spirit, puts success of team above own interests, supports everyone's efforts to succeed.
5. Planning/Organizing and Control: Prioritizes and plans work activities, uses time efficiently.
6. Management and People Skills: Ability to manage a team, provide guidance and mentoring.

Desired Education Level:

Completion of a tertiary qualification from a reputable institution, preferably in Risk Management / Finance / Accounting / Law Management or relevant experience and proven track record.

Duties and Responsibilities:

1. Assist in developing Fraud prevention & Detection program and standards for fraud monitoring detection and case management in line with Risk Management divisions corporate strategy.
2. Ensure that an appropriate fraud prevention & risk management framework policy and procedures are in place and updated as required.
3. Ensure that the fraud risk management framework is effectively embedded and communicated across the Bank.
4. Assist in the development of fraud risk assessments for the Bank, fraud monitoring capabilities, Fraud Risk Indicators (FRIs), MIS, etc.
5. Ensure that fraud risk issues identified are monitored, reported, and escalated to the Head of Operational Risk Management.
6. Provide qualitative fraud risk status reporting with accurate and reliable business information together with analyzing trends and data to Head of Operational Risk Management.
7. Report emerging fraud threats and risks in a timely manner to the Head of Operational Risk.
8. Continuously research advanced fraud prevention techniques and methodologies.
9. Provide input into and maintain the risk maturity profile of the organization.
10. Ensure that appropriate risk assessments are done across all Business Units by facilitating the identification and assessment of all key fraud risks utilizing appropriate tools and techniques.
11. Continuously improve the operational efficiency and effectiveness of fraud prevention processes.
12. Develop a collaborative relationship with regulators, peer banks, and fraud risk industry forums to help detect and mitigate fraud.
13. Ensure that effective management response plans are in place to respond to extreme but plausible fraud scenarios across the Bank.
14. Recommend changes to the process control environment or to process reengineering where necessary to reduce the level of fraud risk exposure to within the agreed appetite.
15. Provide regular Fraud awareness training to all critical functions of the bank.
16. Assist the Head of Operational Risk in the implementation of the enterprise level Fraud Monitoring system.
17. Liaise with the Fraud Investigation team and other heads of Frauds at banks to exchange views and gain insights into the fraud risk management practice.

Joining time frame: 2 weeks (maximum 1 month)

Remote Work : No

Employment Type : Fulltime