AVP- Fraud Risk- International
First Abu Dhabi BankThis job is no longer accepting applications
Job Description
Job Description
Core Responsibilities
- Frauds are prevented at the bank by conducting proactive checks.
- Interact with law enforcement agencies, insurance companies, regulator etc to discuss/brief about the incidents
- Be aware about the regulatory requirements for fraud reporting in all the Internationals countries where the Bank operates. Ensure regulatory reporting's for fraud incidents are done in line with requirements
- To ensure best practices are implemented in the fraud investigations area to support appropriate legal/disciplinary action
- To support the automation of investigation process for reducing manual effort and improve efficiency and effectiveness of the investigation unit
- Present investigation findings and trends to stakeholders on periodic basis in the form of investigation newsletter
- Fraud awareness.
- Ensure all reported incidents are objectively reviewed in line with group fraud risk & investigation policy for launch of investigations
- Logical closure of fraud incidents in line with best practices
- Maximize recoveries by coordinating quick action with internal teams/external entities including other banks, insurance and legal teams
- Minimize losses by taking switch action to contain the incident
- Writing of investigation reports
- Should guide the First Line of Defense to conduct investigations appropriately
- Should be able to challenge and be ready to get challenged to ensure fair and objective investigations
- Should lead by example to demonstrate professionalism, ethics and integrity
- Ability to analyze data to identify frauds and validate investigation findings
- Should work closely with other teams in Fraud Risk & investigation to ensure learnings are identified and relevant controls implemented for preventing reoccurrence of fraud incidents
- Identify areas for conducting fraud awareness and use digital/in person channels to raise fraud awareness.
Qualifications
Threshold Qualifications
- Graduate
- Certified Fraud Examiner, AML related certification
- Minimum of 8 years of experience in fraud risk investigations
- Experience of using technology to prevent//detect frauds
- Should have conducted investigations related to bribery and corruptions, trade finance frauds, digital channels, procurement fraud schemes and treasury products
Technical Competencies
- Knowledge of banking products and channels
- Knowledge of fraud schemes
- IT knowledge to ensure technology is used to aid the investigations, improve the effectiveness and efficiency
- Excellent Oral and written Communication skill
Additional Information
This role is responsible for supporting Head of Internationals FRI in all International Fraud Risk activities including but not limited to conducting fraud investigations and initiating recoveries for fraud loss incidents on all cases in Internationals, fraud prevention, detection, and awareness. Job holder should work closely with International Risk Team and Group FRI including Investigations, Fraud Prevention & detection team to ensure learnings from investigations are converted in the practical controls to prevent reoccurrence of incidents. Job holder is responsible to support Internationals to conduct spot checks, coordinate mystery shopping activities with the vendor and support fraud awareness activities.
More Info
About Company
FAB, the UAE’s largest bank and one of the world’s largest financial institutions offers a an extensive range of tailor-made solutions, and products and services, to provide a customised banking experience. Through its strategic offerings, it looks to meet the banking needs of customers across the world via its market-leading Corporate and Investment Banking and Personal Banking franchises.
Headquartered in Abu Dhabi, in Khalifa Business Park, the bank’s international network spans over 19 countries, across the world, providing the global relationships, expertise and financial strength to support local, regional and international businesses seeking to do business at home and abroad. In line with its commitment to put customers first, to Grow Stronger, FAB will continually invest in people and technology to create the most customer-friendly banking experience and will support the growth ambitions of its stakeholders across the global network in which the bank operates.