Assistant Manager Fraud Risk & Investigations Invest Bank Sharjah
Full time @Invest Bank posted 10 months ago Shortlist Email JobJob Detail
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Job ID 8727
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Career Level Intermediate
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Experience Fresh
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Gender Female|Male
Job Description
Assistant Manager Fraud Risk & Investigations at Invest Bank Sharjah is responsible to manage fraud risk and conduct investigations to protect the bank from fraudulent activities and losses. This is full time role and it was announced by the company on February 21, 2024.
Responsibilities of Assistant Manager Fraud Risk & Investigations
- Prevent and detect fraud and introduce mitigating controls accordingly.
- Response to fraud, conduct investigation on the attempted or actual fraud cases being referred to Fraud Risk and provide report containing the findings, conclusion and recommendations to the management for action and mitigation.
- Timely reporting and escalation of fraud matters to the management, board and external authorities, wherever required.
- Training to staff on fraud matters and fraud awareness messages to staff and customers.
- Ensure regulatory compliance on Fraud Risk matters.
- Support in development or enhancement of Fraud Risk Policies and Procedures and conduct constant review on an annual basis.
- Initiate thematic reviews/ surprise checks around the critical functions in the bank in line with the Fraud Risk strategy.
- Assess the existing fraud monitoring rules both for debit and credit card monitoring and for other monitoring e.g. online banking and consider revisions as per fraud trends on semi annual basis.
- Develop and roll out staff training (e learning or face to face training) and awareness communication (both for staff and customers) on fraud risk management.
- Assess and conduct investigations of the cases being referred to Fraud Risk. Also, prepare investigation report for onwards review of the Line Manager and submission to the relevant stakeholders.
- Attend fraud matters and complaints from police, regulatory authorities, other banks and customers.
- Also, provide support in filing Police complaints, wherever required on fraud matters in conjunction with the Legal department.
- Ensure compliance with the CBUAE regulatory requirements (including the ones introduced and changed from time to time) on fraud matters including fraud suspicious transaction reporting, wherever required.
Requirements of Assistant Manager Fraud Risk & Investigations
- Bachelor’s Degree in Finance or Business Management.
- Certified Fraud Examiner ACFE.
- Minimum 7 years of banking experience out of which minimum 5 years’ experience in Risk and/or Control functions.
Skills and Knowledge Desired
- Strong analytical skills.
- Thorough and methodical in approach.
- Strong report writing skills.
- Strong communication and interpersonal skills.
- Ability to effectively communicate (in English language).
- Self starter who can work with minimal supervision.
- Attention to detail.
- Analytical thinking.
- Risk assessment initiative.
- Perseverance & Resilience.
- Organization.
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