First Abu Dhabi Bank Looking for VP- Corporate – Fraud Mitigation Strategy at Abu Dhabi Full Time

Job Description

JOB PURPOSE:

The Group Fraud Risk & Investigations function is part of the group’s Risk management function and provides second line Fraud Risk oversight for the firms’s front office and support / control functions.

The role holder is responsible for leading the identification, sourcing, implementation and operation of fraud systems / technology. This pivotal role is instrumental in supporting fraud detection and prevention initiatives across multiple Bank channels and products in support of fraud prevention strategies to ultimately ensure the protection of bank and customer assets.

The encumbent is tasked with defining system governance frameworks and processs, encompassing fraud trend identification and devising rule strategies to identify and prevent incidents of fraud.

KEY ACCOUNTABILITIES:

Strategic Contribution

• Provide guidance and on the job training for junior colleagues and conduct knowledge sharing to facilitate achievement of team objectives and completion of tasks in an efficient manner which is consistent with operating procedures and policy.
• Promote the organisation’s values and ethics in all activities within the team to support the establishment of a value drive culture within the bank.

Budgeting and Financial Performance

• Monitor the financial performance of a given area of activity versus budgets and ensure all activities are carried out in line with the approved guidelines while promptly reporting on any variances to management.

Policies, Systems, Processes & Procedures

• Provide inputs and implement policies, systems and procedure for the assigned team so that all relevant procedural/legislative requirements, fulfilled while delivering a quality, cost-effective service.

Continuous Improvement

• Participate in the identification of opportunities for continuous improvement and sustainability of systems, processes and practices considering global standards, productivity improvement and cost reduction.

Reporting

• Prepare sectional statements and reports timely and accurately to meet FGB-NBAD and department requirements, policies and quality standards.

Qualifications

Minimum Qualification

• Degree in Computer Science, Information Technology, Quantitative/Science/Enginering or similar discipline.

• Certified Fraud Examiner (CFE) preferable

Experience & Competencies

• 5 years fraud management experience within the financial industry.

• Demonstrated ability to strategically align technology solutions with fraud prevention strategies and overarching organizational goals.

• Proven expertise in defining end-state Fraud Management Solutions within financial institutions of comparable size, scale, and complexity.

• Track record of successfully formulating and executing fraud technology strategies in harmony with fraud prevention frameworks and organizational objectives.

• Experience in overseeing fraud monitoring with proficiency in utilizing fraud prevention technologies.

• Strong comprehension of fraud detection systems, authentication methods, risk-based authentication tools, and emerging technologies to strengthen defense.

• Exceptional analytical and problem-solving skills for evaluating fraud-related data, identifying patterns, and making data-driven decisions to fortify fraud prevention strategies.

• Expertise in designing and managing fraud detection rules, models and scenarios to efficiently detect and respond to potential fraud incidents.

• A sound understanding of Bank products and associated fraud risks assessment techniques.

• Excellent communication and presentation skills.

• Hands-on knowledge of application / transaction fraud systems is desirable.