Dubai Islamic Bank
Senior Officer ā Fraud Risk Monitoring
- Permanent
- Dubai, United Arab Emirates
- Experience 5 - 10 yrs
Report job as expired
Job expiry date: 19/06/2025
Job overview
Date posted
05/05/2025
Location
Dubai, United Arab Emirates
Salary
AED Undisclosed per month
Experience
5 - 10 yrs
Seniority
Senior & Lead
Qualification
Bachelors degree
Expiration date
19/06/2025
Job description
The position is responsible for assisting in activities related to Fraud Risk Monitoring and handling of related matters. The role focuses on proactive prevention of internal and external fraud, responding to fraud cases, training and awareness, reviewing alerts and incidents, implementing controls, and coordinating with internal departments and regulators.
Required skills
fraud risk monitoring
fraud prevention
enterprise fraud risk management system
EFRMS alerts review
IS alerts review
fraud STR reporting
payment fraud analysis
fraud detection
regulatory reporting
financial fraud investigation
internal audit review
fraud case resolution
risk system enhancement
data analysis
fraud alert management
Key responsibilities
- Ensure Effective Fraud Risk Monitoring.
- Leads proactive prevention of internal and external frauds while balancing customer experience, fraud risk and regulations.
- Identify requirements of tools and equipment to cop-up with latest industry fraud trends.
- Liaise with concerned for internal watch/black listing of customerās involved/suspected to be involved in fraudulent activities (both from EDD and payment filterās perspective).
- Fraud Awareness including class room trainings, E-learnings and onsite.
- Response/advise on staffs queries related to fraud risk/incidents.
- Response to fraud cases in a timely manner including initial review, fraud loss preventions etc.
- Suggest controls on the latest industry fraud trends/threats.
- Assist and provide feedback in implementation and enhancement of Enterprise Fraud Risk Management System (EFRMS) in the bank.
- Review and closure/resolution of EFRMS alerts.
- Review of IS alerts (In house fraud alert mechanism set by Information Security team) and recommendation of appropriate actions to mitigate the fraud risk.
- Provide feedback to IS team for enhancement to existing IS alert scenarios/rules.
- Review of Call Center fraud referrals and provide advice for appropriate actions if any.
- Provide advice to GBO Remittance team on fraud cases involving payment frauds.
- Review of FRM-RCD investigation reports and provide/share review findings.
- Review of Internal Audit investigation report and provide/share review findings.
- Regulatory Reporting of fraud incidents (Fraud STR through CB online portal) and response to regulatorās queries.
- Review fraud referrals from different channels and share review findings.
Experience & skills
- Bachelorās Degree (Minimum) in Finance/Accounting. Any additional professional qualifications like Management/Chartered/Public Accountant preferred.
- Certified Fraud Examiner (CFE) is preferred.
- Any other certification in relevant fields is preferred.
- Minimum of 4-6 years of experience in Fraud Risk Management in banking covering major dimensions of fraud risk i.e. Prevention, Monitoring & Detection and Response.
