Lead, Fraud Risk & Investigations - Risk

United Arab Bank; Sharjah; On-site; AED 300,000 - 500,000; Full time

Job summary

United Arab Bank seeks a seasoned Fraud Risk professional to strengthen monitoring, prevention and control of internal and external fraud in the UAE.

You will lead investigations, implement fraud detection systems, conduct awareness programs, and report to senior management and regulators.

The role requires 10 years in risk, a Bachelor's degree in finance/BA/law, and ACFE certification, with strong liaison to authorities and experience in fraud audits.

Qualifications

• 10 years of experience in risk domain.
• Bachelor's in finance, business administration or law.
• Certified Fraud Examiner (ACFE).
• Must have worked in the Fraud Risk / Audit.
• Experience in implementation of application fraud and transaction fraud detection systems.

Responsibilities

• Monitor fraud risk to prevent and mitigate incidences of internal and external fraud.
• Develop and launch fraud awareness programs to foster an anti-fraud culture.
• Investigate incidences of actual, attempted or suspected fraud and significant control breaches.
• Timely reporting to concerned parties on all operational risk and fraud matters.
• Liaise with law enforcement and government officials; support audits and regulatory reviews.

Skills

Fraud risk management

Investigations

Regulatory reporting

Education

Bachelor's degree in finance

Bachelor's degree in business administration

Bachelor's degree in law

Certified Fraud Examiner (ACFE)

Job description

Job Purpose

• Ensure adequate fraud monitoring is in place to prevent and mitigate incidence of both Internal & External Frauds, with a view to enhance controls.
• Develop an anti-fraud culture by creating and launching fraud awareness programs.
• Conduct investigations relating to incidences of actual, attempted or suspected Fraud, and all instances of major control breaches.
• Timely reporting to concerned parties on all Operational Risk & Fraud related matters.

Principal Accountabilities

• Investigate all cases referred to the Fraud Risk Department.
• Leverage existing systems and processes to mitigate and/or prevent the risk of fraud.
• Report Fraud cases to Central Bank. (SAR/STR)
• Devise specific training modules for areas, wherein the risk of potential/actual loss is of higher propensity
• Liaison with law enforcement & government officials.
• Internal Audit, External Audit and Regulatory reviews.
• Enhance and implement Fraud Risk Assessment (FRA) and Fraud Risk related thematic review with adequate sampling and provide recommendations to implement additional controls, if needed.
• Prepare and present reports as per requirements from HOD for onward submission to Senior Management, ORMC, RC & BRCC.
• Participate in fraud conferences and trainings.

Experience & Qualifications

• 10 Years of experience in Risk domain
• Bachelor's in finance, Business Administration or Law or any related fields
• Certified Fraud Examiner (ACFE)
• Must have worked in the Fraud Risk /Audit
• Experience in implementation of Application Fraud and Transaction Fraud detection systems