Associate Manager - Fraud Monitoring

D360 Bank

The role is responsible to monitor Fraud in banks acts as a crucial tool to mitigate risks and protect assets. He/she will detect unusual and suspicious account activity, financial transactions, accounting paperwork, and other financial documents promptly and analyze the data to identify any potential fraudulent activity.

i> Years & Nature of Experience /i>

• Recommended to be fresh graduate to 3 years of experience in the same or a similar domain in Fraud Monitoring
• If with experience, would have been accountable for completion of assigned tasks and project work and has developed a level of competence to carry out work independently

i> Technical Competencies /i>

• Fraud Monitoring
• Project Management
• Ethical Culture
• Risk Appetite

i> Behavioral Competencies /i>

• Proactive and self-directed
• Excellent communication skills
• Integrity and Agilitybr>

• Implementing the SAMA s CFF detection standards.
• Develop clear guidelines to deal with various fraud alerts including false positives, positive alerts etc.
• Comply with the Bank s code-of-conduct within the fraud monitoring process and ensure adherence with the highest standards of ethics.
• Responsible for ensuring the fraud alerts process is cleared in a timely manner and alerts are closed via the appropriate System and escalation channel.
• Analyze fraudulent transaction data and fraud alerts to identify, and investigate suspicious activities and take appropriate action.
• Provide required reports to Governance Committee, related stakeholders with the Bank after completion of investigation and timely reporting to SAMA on the results of fraud monitoring, investigation including corrective actions taken.
• Manage, lead, and oversee the team to ensure the effective fraud monitoring process across various products and departments of the Bank.
• Review potential fraud alert to protect our customers from fraud while also protecting the bank s assets.
• Documenting the research conducted to support the decision taken on alert.
• Perform any other duties assigned to by line manager related to the nature of the work
• Enforce, incorporate, and comply with all necessary controls and related information security policies, procedures, practices, training, reporting, personal due diligence and vigilance, within departmental/unit activities and operations. br>