Job Details
Job Description
Job Purpose:
- The Anti-Fraud and AML Manager will work as a member of the Operational Risk Management, Compliance and Corporate Governance team responsible for developing, implementing and validating fraud risk strategies to reduce losses across all business lines.
- Will also be responsible for ensuring that the bank meets its regulatory obligations for identifying and reporting suspicious activities and for reducing the probability of the bank being used for the Laundering of illegal monies, the financing of terrorist activities and the breaching of international sanctions.
Job Accountabilities:
- Establishing appropriate controls in the lending process and control validation with regular vigilance.
- Establish fraud triggers based on origination analytics, e.g. bulk sourcing from one employer, same sales officer/branch sourcing too many similar applications, too may applications with statements from same bank etc.
- Establish effective credit card authorization parameters based on established transactions. Effective credit card blocking and reissue process monitoring.
- Conduct sampling and checking of documents submitted for approval regularly to establish fraud and to educate evaluators to help them detect fraudulent applications e.g. font sizes, repetition of transactions, cheque serial numbers out of sequence, etc.
- Review first payment defaults to establish any trend in customers availing a loan.
- Review Branch procedures to ensure adequate preventative controls exist to ensure risk of fraudulent activities is minimized.
- Review centralized functions (such as finance, operational, procurement) procedures and activities to ensure minimal opportunities for fraudulent activity.
- Conduct fraud investigations in conjunction with Internal Audit and Operational Risk Management.
- Review anti-money laundering policies and procedures and ensure that all suspicious transactions identified are properly investigated and reported.
- Develop and implement monitoring of customer accounts for money laundering and terrorist financing activities.
- Develop and implement a training program to all bank staff covering money laundering, terrorist financing and fraud.
Desired Profile
- Qualifications/Certifications in areas such as fraud prevention, investigation techniques, fraud systems, criminology, employment law.
- Arabic Speaker.
- Minimum 5 years proven fraud investigation experience in a retail banking environment.
- Familiarity with Microsoft Office software.
- A clear understanding of AML / CTF and relevant UN, EU, OFAC etc. sanctions processes and procedures.
- Clear and effective communicator – written and spoken.
- Self-starter who can work on their own with minimal direct supervision.
- Keen attention to detail.
- Organised and well presented.
- Friendly, confident and positive in action.
- Good report writing.
- Ability to effectively communicate in English and Arabic.
- Good time-manager.
- Drive and perseverance.
Key Skills
A clear understanding of retail banking and branch network processes.
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Company Details
Contact Details
Contact Name
: TejasviEmail
: 125@gulfbankers.comContact Mobile
: n/a
Company Profile
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