Fraud Investigation Manager

ADIB - Abu Dhabi Islamic Bank; Abu Dhabi; On-site; AED 200,000 - 250,000; Full time

Job summary

A leading Islamic financial institution in Abu Dhabi is seeking a Fraud Investigation Manager to oversee and execute fraud investigations, ensuring compliance with policies. The ideal candidate has over 7 years of experience in fraud investigations or related fields, strong analytical skills, and proficiency in Arabic and English. This role offers opportunities to impact the organization's integrity and promote an anti-fraud culture.

Qualifications

• Minimum 7 years of experience in Fraud Investigations, Audit, or related control functions within financial services.
• Understanding of banking operations and regulatory requirements.
• Extensive knowledge in fraud examination, management, internal control, and risk management.

Responsibilities

• Lead and participate in fraud investigations and examinations in line with the Fraud Investigation Policy & Procedure.
• Investigate fraud cases assigned by the Head of Level 2 Fraud Investigation.
• Coordinate with HR, Business Lines, Legal, Operations & Technology, Risk Management, Compliance, and Corporate Governance.

Skills

Excellent communication and interpersonal skills to manage stakeholders

Strong analytical, reasoning, and judgment skills

Proficiency in Arabic and English

Education

Bachelor's or Master's degree in Business Administration, Economics, Accounting, or Finance

Certifications such as CFE, CFCI, or CIA

Job description

Fraud Investigation Manager Job Description

Role : Fraud Investigation Manager

Location : Abu Dhabi

Role Purpose :

The Fraud Investigation Manager is responsible for supporting the Head of Level 2 Fraud Investigation and the Fraud Investigation Team in performing their responsibilities with fairness, objectivity, and independence.

The Fraud Investigation Manager also plans, leads, and participates in fraud investigations in accordance with the Fraud Investigation Policy & Procedure, under the guidance of the Head of Level 2 Fraud Investigation and the Head of Fraud Investigations.

Key Accountabilities of the role

1. Lead and participate in fraud investigations and examinations in line with the Fraud Investigation Policy & Procedure and ACFE Code of Ethics.
2. Investigate fraud cases assigned by the Head of Level 2 Fraud Investigation, referred by various entities.
3. Conduct investigations regarding suspected fraud cases, ensuring collaboration with related departments within ADIB.
4. Lead and participate in investigations to determine the occurrence of fraud, exposure, root causes, involved parties (internal & external), and provide recommendations to stakeholders.
5. Prepare case files and report suspected fraudulent claims to the fraud manager.
6. Assist in conducting fraud & misconduct investigations, special reviews, and in fostering an anti-fraud culture within ADIB.
7. Support in preparing reports for senior management when required.
8. Maintain an up-to-date Fraud Investigation Policy & Procedure to guide investigation processes.
9. Support in establishing a STR Reporting Framework and ensure accurate, timely reporting of FID cases.
10. Identify and discuss control issues found during investigations with relevant stakeholders.
11. Coordinate with HR, Business Lines, Legal, Operations & Technology, Risk Management, Compliance, and Corporate Governance to facilitate investigations.
12. Perform peer reviews of investigation reports before final review by the Head of Level 2 Fraud Investigation and Head of Fraud Investigations.
13. Document evidence supporting investigation conclusions and legal processes.
14. Follow up on investigation recommendations and monitor corrective actions by management.
15. Oversee actions proposed by the FID team and escalate as necessary.
16. Safeguard the integrity of evidence and documentation related to fraud cases.
17. Perform additional tasks as assigned by senior management.
18. Attend court sessions to give evidence when required.
19. Maintain accurate records, case files, and disclosure documents.
20. Participate in special assignments and consultancy services related to Fraud Investigations.
21. Maintain knowledge of relevant legislation and investigation practices.
22. Assist in implementing a robust anti-fraud framework and promoting an anti-fraud culture.
23. Stay updated on developments in banking, fraud examination, and investigation techniques.
24. Communicate effectively with internal and external partners regarding fraud issues, including advising and training.
25. Work with partners to promote fraud prevention in a corporate setting.

Skills and experiences required :

• Bachelor's or Master's degree in Business Administration, Economics, Accounting, or Finance from a recognized institution.
• Certifications such as CFE, CFCI, or CIA are advantageous.
• Understanding of banking operations and regulatory requirements.
• Excellent communication and interpersonal skills to manage stakeholders.
• Minimum 7 years of experience in Fraud Investigations, Audit, or related control functions within financial services.
• Extensive knowledge in fraud examination, management, internal control, and risk management.
• Strong analytical, reasoning, and judgment skills.
• Proficiency in Arabic and English; additional languages are a plus.

Specialist Skills / Technical Knowledge :

• Same as above skills and qualifications listed.

Job ID 300002398136137