Senior Fraud Analyst / Manager

Job description / Role

Job Grade: Assistant / Deputy Manager/ & Senior Manager
Salary Range: AED 15,000 – AED. 24,000/month plus benefits

STRATEGIC
- Champion the development, definition and communication of an enterprise-wide fraud risk management Strategy.
- Lead the redefinition, approval and communication of Fraud Risk Policy, to include definitions of fraud risk, communicate executive and senior management oversight organizational structures and identifying and assigning specific fraud risk management responsibilities in relation to:
- Defining fraud risk appetite & framework
- Identifying, analyzing & assessing fraud risks
- Identification & implementation of cost effective fraud deterrent, prevention, detection, response (investigation and remediation), mechanisms & controls
- Ensure that fraud risk framework and policies satisfy and exceed all appropriate location regulatory requirements in relation to Fraud Risk Management.
- Build and continually develop close relationships with Business Unit counterparts for fraud risk management

OPERATIONAL
- In collaboration with other business stakeholders, develop and implement business plans and strategies to ensure a comprehensive fraud control environment within the Bank.
- Provide and manage a robust, cost effective and efficient fraud management operation and ensure that best practices in fraud management are implemented to protect the businesses reputation, revenues and operations.
- Lead and promote an enterprise culture of Fraud Risk awareness and training within the Bank.
- Ensure coordination of appropriate Fraud Investigation activities through agreed structures to ensure appropriate and timely initial responses to Fraud incidents / events and longer term remediation efforts to reduce likelihood / impact by ensuring the implementation of relevant control / process enhancements.
- Actively participate in selection of systems / tools used for Fraud Risk Management, ensuring enterprise requirements are met and support enterprise framework and policy.
- Support whistle-blowing & sound ethical culture which will in turn support Fraud Risk Management framework.
- Provide appropriate and regular assurance reporting and awareness of new trends in relation to Fraud Risk to the Head of Operational Risk & IT Security, Operational Risk Manager and Senior / Executive Management.
- Actively assist the Operational Risk and IT Security employees in identifying, assessing, appropriately controlling, monitoring of Fraud events as part of existing Business Unit RCSA’s.
- Develop operational control measures and analytical practices detect, prevent and control fraud losses while maximizing loss avoidance and recoveries.
- Participate in appropriate business meetings, forums and committees.
- Identify opportunities to improve Anti-Fraud controls and reduce impact / likelihood of Fraud risk.
- Improve standards and promote innovative thinking / initiatives in relation to Fraud Risk Management.
- Assess emerging fraud risks, including those related to new products, regulatory requirements or significant processes.
- Work closely with line and business managers to understand the business, identify risk issues, and promote solutions to manage relevant Fraud risks

Requirements

- At least total 8 years experiences where 4 years at in monitoring suspected fraudulent transactions
- Familiar with automated systems in banking
- Capable to take critical decisions such as stoppage of suspected transactions
- instructing other stakeholders to conduct investigation
- Certificate in Fraud Risk Management/Compliance/Financial Crime

About the Company

Building businesses, changing lives

At Tandem, we’ve built a vast network of top-tier professionals across the globe. We empower businesses to thrive by delivering unmatched talent solutions. With our global reach, collaborative approach, and unwavering commitment to excellence, we drive transformative growth and shape exceptional teams.

Who we are.

We are a team of industry experts, driven by a passion for innovation and excellence. We are dedicated to providing unique talent solutions and nurturing collaborative partnerships that redefine success.