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Job Description
Develop Fraud Risk Management Framework bank wide, in order to effectively handle fraud cases/incidents.
Supervise and manage daily activities/KPIs of the Fraud Risk Management, GRM team.
Authorize blacklisting and blocking of accounts in order to prevent fraud losses for bank, customers and third parties.
Conduct fraud awareness trainings bank wide in order to proactively prevent fraud incidents.
Submit individual as well as periodic regulatory reports and respond to regulator’s enquiries in a timely manner to comply with local regulations.
Respond to enquiries from Law Enforcement Authorities (LEA) on fraud incident in a timely manner to comply with local laws.
Approve messages to be sent to other banks in response to other banks’ enquiries as well as to get additional information from other banks on fraud incidents.
Analyze and suggest controls against the latest industry fraud trends/threats and identify requirements of tools and equipment to cop-up with latest industry fraud trends.
Engage with other internal departments on fraud related matters or processes to appropriately mitigate the fraud risks.
Build relationships with fraud risk teams of other banks (Industry Fraud Forum) in order to proactively handle incidents and / or prevent fraud losses.
Incorporate and comply with the bank's core values in day to-day activities.
Competencies/Skills
Minimum of 6 to 8 years of experience in banking industry mainly covering areas of Fraud Risk Management, Compliance, Audit.
Bachelor Degree (Minimum) in Finance/Accounting. Any additional professional qualifications like Management/Chartered/Public Accountant preferred.
Certified Fraud Examiner (CFE) is preferred.
Any other certification in relevant fields is preferred.
