Specialist & Internal Audit & Fraud Investigation

VAM Systems; Dubai; On-site; AED 120,000 - 200,000; Full time

Job summary

A leading IT solutions provider in the UAE is seeking a Specialist in Internal Audit & Fraud Investigation. The ideal candidate should have 5-8 years of experience in fraud risk management and auditing within the banking sector. Responsibilities include analyzing fraud data, providing consolidated reports, and recommending improvements for fraud detection. Applicants must possess relevant qualifications such as CPA or CIA and demonstrate excellent analytical and report writing skills. This is a full-time role with no remote work options.

Qualifications

• 5-8 years professional experience in fraud risk management.
• Experience in Internal Audit within the Banking Sector.
• Possess relevant certifications like CPA, CIA, or CFE.

Responsibilities

• Analyze fraud data and provide consolidated reporting.
• Flag potential high-risk trends to management.
• Recommend new tools to improve fraud detection.

Skills

Fraud risk management

Analytical skills

Excellent report writing

Interpersonal skills

Leadership skills

Education

Graduate in Accountancy or business-related field

Tools

Microsoft Excel

PowerPoint

Word

Job description

We are currently looking for Specialist - Internal Audit & Fraud Investigation for our UAE operations with the following skill set and terms & conditions.

Education

Graduate in Accountancy or a business-related field preferably Finance or Economics

Professional / Technical Qualifications / Diplomas

Internationally recognized accounting / auditing qualifications like CPA CIA CFE.

Experience

5-8 years professional experience in fraud risk management and audit in Financial Institution or large Organization.

Must have relevant Internal Audit experience in the Banking Sector.

Should have experience in Corporate Credit Audit and Financial Risk (Risk Modeling) Audit AND / OR

Should hold an AML/CFT-related professional certification (i.e. ACAMS) and have experience auditing AML in banks AND / OR

Should possess a Fraud Investigation qualification and have experience conducting Fraud Audits and Investigations.

Other Skills Required for the Job

Intricate knowledge of overall banking operations and processes. Analysis and planning skills

Negotiation and convincing skills

Excellent report writing skills.

Leadership and organizing skills.

Interpersonal / communication skills

Proficient in the use of Microsoft Excel PowerPoint Word and bank systems

Duties and Responsibilities

Responsible for analyzing fraud data and providing end-to-end consolidated MI reporting for all Fraud Reporting matters.

Flags any potential critical High-Risk trends emanating from the analytics process report such instances to the AVP Internal Audit and Fraud Investigation and provide general guidance on proposed action plans.

Recommends preventive measures new tools / software to improve fraud detection prevention investigation and reporting activities in collaboration with Fraud Risk Management.

Validates and ensures that internal and external stakeholders provide accurate and sustainable MI.

Interacts with business and the Risk management functions involving all Fraud Risk related reporting Key Risk scenarios and Fraud risk event reporting.

Interacts where applicable with external partners such as law enforcement agencies regulatory bodies CBUAE vendors banks to validate information in relation to fraudulent activities.

Conducts Conformance testing as per the units plan and reports the results of the Conformance testing in accordance with the approved SOP.

Maintains a tracker of all investigation results to closure stage any remediation activities undertaken by business units in respect of fraud related control failures and/or Policy breaches identified during investigations conformance reviews or any other detection method.

Recommends amendments to policies and SOPs where it is deemed necessary to improve counteraction of Fraud Risk. with the Investigations Standard Operating Procedure as per the instructions.

Accountable for preparation of investigation reports in accordance with the SOP as may be required under the direction of Audit & Fraud Investigation Management.

Joining time frame

2 weeks (maximum 1 month)

Remote Work :

No

Employment Type :

Full-time