Emirates Islamic Hiring for Assistant Manager, Fraud Prevention Job at Dubai Full Time

The Unit is tasked with measuring and controlling Consumer Risk This is done through the development of Credit Risk Policies that follow the UAE Market dynamics but also incorporate the specific Risk Appetite of the Bank in order to acquire and maintain healthy and diversified Credit Portfolios
The Unit is also tasked with performing Risk Analytics ranging from core Risk MIS to advanced analytics inclusivebut no exhaustive of Scorecards Econometric Models IFRS 9 expected loss measurement loss forecasting stress tests
Finally yet importantly the Unit is responsible for the Underwriting of the Consumer exposures both upfront but also for the subsequent qualitysample review and the constant vigilance of Fraud Prevention

Brief Description:

The job holder is responsible to ensure all retail credit applications are screened from a fraud angle to avoid booking of any bad applications This roleplays a very vital point of interaction between the Credit Department Fraud Sampling Unit and Fraud Investigation Unit to ensure the full cycle on potential application fraud cases are early identified and necessary preventive measures are put in place to decline such applications The role greatly involves attention to detail on documentations customer transactions good understanding of market dynamics customercompany profile and strategic planning of identification of potential threat occurrence in the credit portfolio
Detailed Description:

Workflow system Develop triggers in the application workflow to escalate cases to fraud queue for review eg velocity rules profileincome mismatch etc
If there is no automated workflow based fraud queue apply triggers to daily production volumes to intercept highrisk application for subsequent review
Additional Triggersbased programs Additional capabilities to be developedvia SAS etc to trigger application frauds based on application data stored in data warehouse
Based on a sampling criteria defined by the unit live applications are randomly picked up by the fraud team on a daily basis for fraud review These sampling criteria can be dependent on nature of the product volumes and highrisk segments
Recommend visits In case of requirement of visits for sampled cases visit by the team or Field visit agencies depending on volumes
Ensure turnaround time is met In all of the above applications will be on hold until there is a clearance from fraud unit
On suspected frauds complete preliminary investigation and submit to investigation team
Review current retail financing endtoend process to identify gaps and suggest controls to address them and prevent frauds
Provide feedback on any new processes polices to address potential gaps
Create a fraud prevention handbookmanual which will be a ready reference for Bank Staff covering all processes controls etc
Periodic training of underwriters operations frontline new joiners to ensure that they are aware of trends and look out for potential frauds
In addition to above conduct refresher trainings based on recent experience to share key learnings
Liaising with Visa Master if and when required
Review triggers and reviews done by Network International and suggest improvements changes
Coordinate with IT for all system enhancement projectsrelated to streamlining and automation of the fraud management processes
Provide specification requirements for f
Job Requirements:

Retail Credit Primarily focus on Retail Credit Application Sampling
FP I Liaise with Investigation team to take identified fraudulent documentation cases to closure

Additional Details:

Min 34 years of Banking Experience preferred

Experience in the fraud risk discipline in Credit CardsRetail Bank
UAE experience is desirable but not mandate
Candidate to have experience in MS Office Package MS

Excel MS PowerPoint MS Word
Proven analytical skills
Should hold a valid UAE DL and show willingness to travel within UAE
Excellent problem solving conflict resolution and change management

skills
Detail oriented with high level of accuracy
Excellent organization skills
Strong verbal and written communication skills
Selfmotivated with ability to actively lead and implement ideas

Effectively in a collaborative and cross functional working environment
Ability to maintain confidential details of customers
Good Team Player with customer centric focus

Qualifications

AS Mentioned in the JD

Primary Location: United Arab Emirates-Dubai-Dubai – Health Care City, Emirates Islamic, Building 16

Job: Risk Management

Organization: Risk

Schedule: Regular

Shift: Standard

Job Type: Full-time

Day Job

Job Posting: Feb 20, 2023, 5:39:47 AM