Fraud Prevention Snr Officer (UAE National)

Job Details

JOB PURPOSE:

The role is responsible for supporting the Fraud Prevention Manager in preventing and detecting fraud through the use of appropriate fraud risk management controls and systems. Coordinate and lead fraud related matters to ensure appropriate and timely longer term remediation efforts are implemented to reduce likelihood and impact.

KEY ACCOUNTABILITIES:

  • Assist in the fraud risk assessment process, preparation of Risk review report and recommend an appropriate action plan to address control weaknesses and mitigate fraud risk.
  • Assist in the development and implementation of the Anti-fraud control activities, both preventive and detective controls
  • Follow standard procedures to document a fraud and prepare a summary report and reconciliation.
  • Identify areas that need enhanced controlled processes and guidelines.
  • Perform Daily transaction monitoring, effectively identify suspicious cases, and promptly escalate and follow up on suspected cases for validation.
  • Conduct and draft fraud assessment reports for all reported incidents of fraud, and recommend remedial actions when applicable
  • Flag any potential critical High-Risk trends emanating from the analytics process and provide general guidance on proposed action plans.
  • Keep abreast of latest Fraud trends and activity in the market.
  • Interact with business and the Risk management functions involving all Fraud Risk related reporting, Key Risk scenarios and Fraud risk event reporting.
  • Maintain close oversight of card-related fraudulent transactions, conduct fraud assessments, monitor the financial outcomes of card fraud cases, and promptly update the Card Fraud tracker.
  • Proper recording and maintenance of Fraud Incident logs and database
  • Conduct the necessary coordination with Legal and Compliance for filing the fraud cases with CBUAE, Policy, blacklisting etc

Minimum Experience:

3-6 years professional experience in the fraud risk management, fraud Prevention or fraud detection arena