Fraud Monitoring Professional

3 weeks ago


Bengaluru, Karnataka, India First Abu Dhabi Bank Full time

Job Description

Job Purpose:

As part of First Abu Dhabi Bank's Risk Management function, the Group Fraud Risk & Investigations team provides second-line fraud risk oversight for the Bank's front office and support/control functions.

The Bank is committed to fighting financial crime and preventing the onboarding of fraudsters. The incumbent is responsible for ensuring the effective review of alerts assigned to their queue, including preparation of diary notes and the ability to analyze fraudulent patterns/behavior while making decisions.

Key responsibilities include reviewing and concluding alerts generated in the fraud prevention system to identify fraud and mitigate risk, collaborating with different departments to obtain data to assist in investigations, documenting research conducted to support decision-making, and ensuring the reporting analysts do the same.

The successful candidate will have a strong analytical, problem-solving, and decision-making skillset, with excellent report writing and communication skills.

Key Accountabilities:

  • Review and conclude alerts generated in the fraud prevention system to identify fraud and mitigate risk, as per agreed TAT.
  • Collaborate with different departments within FAB to obtain data that assists in investigation of fraud.
  • Document the research conducted to support the decision taken on alert closure.
  • Ensure the reporting analysts complete the agreed alert finalization per day, as well as be measured on decision accuracy.
  • Ability to handle alert reviews for all fraud monitoring systems used by the Bank.
  • Identification of new fraud typologies and risk on the basis of emerging trends.
  • Actively participate in the planning and execution of complex, sensitive, or high-risk related fraud monitoring alerts under the guidance of VP Fraud Monitoring and/or Head Governance and/or Group Head of Fraud Risk & Investigations.
  • Work with VP Fraud Monitoring to monitor efficiency and effectiveness of the team and take appropriate corrective action if monitoring output deviates from expected outcomes.
  • Collaborate with Bank's business teams and support functions such as Group Legal, Group HR, IT, etc., during the course of fraud monitoring.

Qualifications

Minimum Qualification

  • Bachelor's degree in criminal justice, Law, Finance, Business, or a related field.
  • ACFE certification preferred.

Minimum Experience & Competencies

  • Minimum of 5 years' experience in fraud monitoring, preferably in the banking sector.
  • In-depth understanding of banking operations.
  • Strong analytical, problem-solving, and decision-making skills.
  • Excellent report writing skills.
  • Excellent communication and presentation skills.


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