Fraud Manager (ADCB Subsidiary)

Abu Dhabi Commercial Bank; Abu Dhabi; On-site; AED 120,000 - 200,000; Full time

Job summary

A leading bank in the UAE is seeking a Fraud Manager to develop and implement fraud prevention strategies. This role involves conducting assessments, managing investigations, and ensuring compliance with regulations. The ideal candidate will have substantial experience in fraud management within the banking sector and will be a key player in enhancing the bank's risk management framework.

Benefits

Competitive Salary

Comprehensive Benefits Package

Flexible and Remote Working Options

Learning and Development Opportunities

Qualifications

• At least 6 years of experience with Fraud.
• Exposure to Banking transactions.
• Understanding of Banking systems, reports and workflows.

Responsibilities

• Support the Head of FRM in developing fraud prevention strategies.
• Conduct comprehensive fraud risk assessments independently.
• Lead the end-to-end management of the Enterprise Fraud Risk Management project.

Skills

Fraud risk management

Fraud detection

Analytical skills

Report writing

Relationship management

Education

Bachelor’s degree in related field

Job description

Fraud Manager (ADCB Subsidiary)

Embark on a journey where your unique contributions are celebrated, and your professional growth is embraced. At ADCB, we nurture a diverse, inclusive community where every voice is valued.

About the business area - Group Risk Management

ADCB prioritises a disciplined approach to risk, recognising its fundamental importance to the Bank’s long-term organisational and financial resilience. Group Risk Management oversees the implementation of ADCB's risk objectives, identifying and addressing gaps in the bank's risk infrastructure/framework. Their responsibilities include nurturing the independence of the risk function, establishing provisioning policies, and introducing changes to energies risk awareness among front office personnel and decision-makers. Continuously tuning the risk organisation in line with market best practices, they manage ADCB's portfolio and associated risks to international standards, while establishing a clear risk culture across all areas of operation.

In this role, your key responsibilities include:

• Support the Head of FRM in developing fraud prevention and detection strategies aligned with the bank’s overall Risk Management framework. This includes active involvement in the digital bank implementation.
• Adhere to the established fraud risk management framework, policies, and minimum standards, and escalate any necessary revisions to the Head of FRM.
• Conduct comprehensive fraud risk assessments independently or in collaboration with group staff, using appropriate tools and techniques to identify key risks and recommend effective controls.
• Develop and maintain a digital fraud register, continuously updating fraud risk indicators through proactive assessments.
• Lead the end-to-end management of the Enterprise Fraud Risk Management (EFRM) project, ensuring successful implementation within agreed timelines and performance metrics (e.g., low false positives, high prevention/detection rates).
• Independently manage fraud investigations and prepare final reports in accordance with minimum standards.
• Monitor the implementation of recommended action plans, ensuring timely closure and escalating delays or non-compliance to the Head of FRM and relevant stakeholders.
• Maintain accurate and reliable MIS updates via case tracker and share insights with senior management.
• Ensure timely submission of Fraud STRs (Suspicious Transaction Reports) in line with Central Bank guidelines.
• Conduct staff transaction monitoring and initiate investigations as needed, with approval from the Head of FRM.
• Build and maintain professional relationships with regulators, peer banks, and industry forums to enhance fraud detection and mitigation efforts.
• Follow the fraud response plan during incidents to minimize exposure and conduct root-cause analysis to prevent recurrence.
• Review and recommend changes to control environments or business practices to maintain fraud risk exposure within the bank’s risk appetite.
• Continuously develop subject matter expertise in fraud-related regulatory requirements within the banking sector.
• Recommend system and process improvements for efficiency, including drafting Business Requirement Documents and collaborating with IT to implement changes.

The ideal candidate should have the following experience

• At least 6 years of experience with Fraud
• Bachelor’s degree in related field
• Exposure to Banking transactions
• Understanding of Banking systems, reports and workflows

What we offer:

• Competitive Salary & Additionally, all employees are eligible to participate in one of our rewarding variable pay plans.
• Comprehensive Benefits Package: This includes market-leading medical insurance, group life and personal accident insurance, paid leave and leave airfare, employee preferential rates on loans and finance facilities, staff discounts and offers, and children education assistance (for certain job levels).
• Flexible and Remote Working Options: We understand the importance of work-life balance and offer flexible working arrangements, subject to eligibility and job requirements.
• Learning and Development Opportunities: We value and facilitate continuous learning and personal development through a variety of exciting learning opportunities, such as structured instructor-led courses, a comprehensive e-learning catalog, on-the-job training, and professional development programs.

At ADCB, we are dedicated to creating a respectful, caring and disciplined work environment that aligns with your career ambitions.