Anti-Fraud and Location Control Manager

J.P. Morgan; Riyadh; On-site; SAR 200,000 - 300,000; Full time

Job summary

A major financial institution in Riyadh seeks an Anti-Fraud and Location Control Manager to oversee operational risk management and chair key governance committees. The ideal candidate will possess in-depth knowledge of fraud risks in the financial sector and be fluent in Arabic. Responsibilities include coordinating risk assessments and ensuring compliance with regulatory requirements.

Qualifications

• In-depth understanding of fraud risks in the financial sector.
• Ability to design and implement controls based on fraud use-cases.
• Strong team player with solid influencing skills.

Responsibilities

• Coordinate Legal Entity Risk Assessments.
• Oversee operational risk controls and escalations.
• Provide coverage of Legal Entity control matters.
• Partner with BCMs for audits and regulatory inquiries.

Skills

Fraud risk understanding in financial sector

Knowledge of digital fraud threats

Data analytics for fraud prevention

Fluent Arabic language

Strong organizational skills

Excellent communication skills

Tools

Microsoft Office

Job description

If you are interested in working in a fast-paced and dynamic environment, aiming to identify emerging themes and adequately addressing those apply for the role! The Saudi Anti-Fraud Location Control Management is responsible for the implementation and execution of governance and controls over operational risk. The Controls group works in close partnership with the Business Control Managers (BCMs) and Operation Control Managers (OCMs) and other JP Morgan Control teams that support activities locally, regionally, and globally and is functionally aligned to CIB Finance and Business Management and EMEA Regional Control Management.

As Anti-Fraud and Location Control Manager you will manage operational risk for the Riyadh Branch Legal Entity and chair Counter Fraud Governance committee (CFGC), LORCCs (Location Operational Risk Committees), and Regulatory Change Forums (RCFs). You will have to report and elevate to the Regional Governance committees and be a member of the Location Management Committee (LMC).

Job responsibilities

• Supports country control initiatives which include the coordination of the Legal Entity Risk Assessments (LERA) for operation and fraud risk assessment and appetite
• Oversees the location control environment and provide a consolidated view of operational risk controls for the location to ensure problems are promptly escalated and remediated; ensure appropriate governance, coordination and execution of Global Control Projects and cross LOB Programs
• Is a part of the LORCC, CFGC, RCF and Outsourcing Forums and participates in applicable location and regional committees
• Provides coverage of Legal Entity control matters and coordinate internal control regulatory deliverables across local and regional aligned functions (includes management of regulatory request and interaction with the Regulator)
• Facilitates review for Legal Entity attestations and works in partnership with Business Controls Managers (BCM’s)/Central Control Office to advise on and coordinate responses to regional/local regulatory inquiries and exams
• Partners with the business to prepare for location specific audits and support the implementation of Corporate owned polices in country, including review and identification of local gaps. Supports Internal and External Audits, Operational Risk Management and Compliance work in the execution of reviews
• Partners with the BCMs to review results from the risk and control self-assessment process to identify issues and themes impacting the local control environment.
• Managing Counter fraud regulatory inspection, reporting and control environment.
• Conduct fraud relation investigation and ensure managing information internally and reporting to the regulator on a timely manner.

Required qualifications, capabilities, and skills

• An in-depth understanding of fraud risks in the financial sector
• Strong knowledge of digital fraud threats and common typologies, along with emerging trends impacting financial sector organizations and their customers
• Ability to design and implement technology and controls based on use-cases to mitigate fraud risks and threats
• The use of data and analytics to proactively prevent fraud and protect customers
• Fluent Arabic language
• Take ownership of issues and lead them to resolution, highly motivated self- starter
• Strong team player with solid influencing skills, able to partner with departments in a global organization
• Strong organizational skills, ability to effectively manage tasks under time pressure and constraints
• Analytical mind-set, able to identify high-level but also detailed issues
• Shows good judgment, maturity, and experience to identify risks and elevate where required
• Excellent written and verbal communication skills with the ability to present information in different forms and details based on the audience
• Strong in Microsoft Office