Fraud Risk Analyst

Dicetek LLC; Sharjah; On-site; AED 60,000 - 120,000; Full time

Job summary

A financial services company in Sharjah is seeking a professional to conduct fraud investigations and ensure regulatory compliance. The role involves reviewing loan applications, preparing monthly reports, and collaborating with legal teams to manage fraud incidents. Candidates should have strong analytical skills and attention to detail. Experience in fraud investigations is preferred.

Qualifications

• Attention to detail in documentation and customer transactions.
• Good understanding of market dynamics.
• Experience in fraud case investigations.

Responsibilities

• Review applications to spot fabricated documents and inconsistencies.
• Identify potential fraud cases and implement preventive measures.
• Collaborate with vendors to verify information and maintain compliance.

Job description

Fraud Investigations And Mitigation

• Reviewing credit card, personal loan, and auto loan applications is necessary to spot fabricated documents, document forgery, and inconsistencies in applicant profiles.
• Early identification of potential fraud cases and the implementation of preventive measures are essential to decline such applications.
• Attention to detail on documentations & customer transactions, good understanding of market dynamics and Strategic planning of identification of potential threat occurrence in the card’s portfolio.
• Work closely with the third-party vendor /intermediary channel to verify information in the field and adhere to the established turnaround time.
• Conduct thorough investigations into reported fraud cases across the enterprise to establish facts and mitigate risks.
• Advise on effective strategies to mitigate fraud incidents and recover financial losses.
• Analyze business data and update the case register for statistical purposes and future analysis.
  
  

Regulatory Compliance And Reporting

• Compile Suspicious Activity Reports (SARs) in accordance with UAE Central Bank regulations to ensure compliance.
• Collaborate with the Legal and Compliance team, police, and external agencies to manage fraud incidents effectively.
• Ensure adherence to departmental and corporate policies, processes, and Standard Operating Procedures (SOPs).
  
  

Management And Reporting

• Prepare monthly and quarterly Management Information System (MIS) reports detailing investigated cases.
• Create and present dashboards summarizing fraud investigations and mitigation efforts to internal stakeholders.
• Maintain accurate records and documentation to support regulatory audits and internal reviews.