Fraud Prevention Manager

Nair Systems is currently looking for Senior Manager Fraud Prevention for our UAE operations with the following Skill set and terms & conditions. 

Professional / Technical Qualifications / Diplomas: CFE , ACFE , FRM, or other similar qualification.

Experience: 

• Minimum of 10 years of senior Fraud risk management/ investigations experience in banking,
• forensic, intelligence, police or consulting with at least 5 years of which in banking. Previous experience in
• leading and managing fraud units/teams and a whistleblowing function is preferential. Experience in
• interaction with the police and other authorities in fraud matters.

Specialist Skills Required for the Job:

• Analytical and Investigation–Excellent Analytical and Investigation skills and attention to detail. Project Management - Develops project plans, coordinates project, communicates changes and progress,completes projects on time and within budget, manages project team activities.
• Communications Skills - Strong verbal and written communication skills.
• Teamwork - Balances team and individual responsibilities, exhibits objectivity and openness to others'views, gives and welcomes feedback, contributes to building a positive team spirit, puts success of team above own interests, supports everyone's efforts to succeed.
• Planning/Organizing and Control- Prioritizes and plans work activities, uses time efficiently.
• Management and People skills – Ability to manage a team, provide guidance and mentoring.

Desired Education Level :

Completion of a tertiary qualification from a reputable institution, preferably in Risk Management / Finance/ Accounting/ Law Management, or relevant experience and proven track record

Duties and Responsibilities: 

• Assist in developing Fraud prevention & Detection program and standards for fraud monitoring, detection, and case management in line with Risk Management division’s corporate strategy
• Ensure that an appropriate fraud prevention & risk management framework, policy and procedures are in place and updated as required.
• Ensure that the fraud risk management framework is effectively embedded and communicated across the Bank.
• Assist in the development of fraud risk assessments for the Bank, fraud monitoring capabilities, Fraud Risk Indicators (FRIs), MIS etc.
• Ensure that fraud risk issues identified are monitored, reported and escalated to the Head of Operational Risk Management.
• Provide qualitative fraud risk status reporting with accurate and reliable business information together with analyzing trends and data to Head of Operational Risk Management.
• Report emerging fraud threats and risks in a timely manner to the Head of Operational Risk.
• Continuously research advanced fraud prevention techniques and methodologies.
• Provide input into and maintain the risk maturity profile of the organization.
• Ensure that appropriate risk assessments are done across all Business Units by facilitating the identification and assessment of all key fraud risks, utilizing appropriate tools and techniques.
• Continuously improve the operational efficiency and effectiveness of fraud prevention processes.
• Develop a collaborative relationship with regulators, peer banks and fraud risk industry forums to help detect and mitigate fraud.
• Ensure that effective management response plans are in place to respond to extreme but plausible fraud scenarios across the Bank.
• Recommend changes to the process control environment or to process re-engineering, where necessary, to reduce the level of fraud risk exposure to within the agreed appetite.
• Provide regular Fraud awareness training to all critical functions of the bank
• Assist the Head of Operational Risk in the implementation of the enterprise level Fraud Monitoring system 
• Liaise with Fraud Investigation team and other heads of Frauds at banks so as to exchange views and gain insights into the fraud risk management practice. 

 Job Description

• Accountable for fraud case management data and assurance and for escalating significant issues to senior management. 
• Initiate and follow up enforcement procedures to apply necessary actions against fraudsters and their associates, in coordination with Legal Department. 
• Apply measures to recover bank’s misappropriated assets, including but not limited engage with and negotiate with insurers, loss adjusters, professional asset tracers and recovery agents. 
• On Card fraud: (a) work with the business and Card Operations, to advise on the appropriate card-related limits, systems, call-backs and other procedures so as to balance customer satisfaction and risk; (b) in the event of a major incident, to assist and advise the business and Card Operations on appropriate steps to mitigate the risk / impact on the Bank while maintaining optimal customer usability. 
• Report Card fraud incidents as part of regular reporting, analyzing trends and providing industry comparisons with any recommendations to address changing threat environments\