Job Description
Data Analytics and Intelligence
Conduct Counter-Fraud data analytics to enable the analysis of large volumes of transactions and proactive identification of fraud threats.
2. Conduct counter-fraud data analysis to facilitate the proactive and reactive tuning of Counter-Fraud systems.
Performing comprehensive reviews on alerts decisions, fraud investigations outcome and recommend system enhancements.
4. Execute manual review or monitoring processes for transactions that couldn't come under the scope of existing Fraud detection system due to limitation, data synchronization, technical reasons.
5. Analysis of intelligence and data to identify fraud trends, typologies and the root cause of fraud incidents related to the products (e.g., payment fraud; scams; and social engineering) and delivery channels (digital channels such as online and mobile) offered by the Bank.
6. Usage of Counter-Fraud technology, process, mechanism to ensure systems are operating effectively with scenarios relevant to the risks faced by the Bank.
Aiding enhancement of Fraud Detection System and supporting Financial Crime & Cyber Security alignment:
1. Assist Fraud Detection Manager in enhancing Fraud Prevention/Detection System (EFMS, Cyber fraud Behavior system) with new scenario, rules, and its associated parameters - thresholds, values, amount etc.
2. Assist Fraud Detection Manager in setting up an alignment / coordination via appropriate counter-fraud data analysis, intelligence to supporting Financial Crime & Cyber Security alignment.
3. Coordinate with Information Technology team for IT related issues.
Database/Register and Reporting:
1. Record and Maintain case register on alerts and its statuses according to bank's policy / procedure.
2. Assist Fraud Detection Manager in preparing reports as when required for submission to management committee, CFGC, Board or other forums and meetings.
3. Assist Fraud Monitoring Manager in preparing and report SAMA and other regulatory/supervisory authorities' requests pertaining to Fraud Detection.
4. Adhoc - Regulatory mandates & Special projects
Assist fraud Detection Manager in collaboration with business/support stakeholder for execution of new projects, products, services in order to have resilient fraud risk management framework.
Skills
Qualifications, Experience & Skills
Qualifications:
Holder of graduate / post graduate degree from a reputable institution
Professional Certifications:
Preferably CIA / CFE or other directly related Fraud or other Professional Certification
Experience:
2 years of banking experience in area of fraud risk, fraud investigation, fraud detection or relevant. (Background of Accounting/IT/Systems is a significant advantage).
Skills:
Problem solving and analytical skills.
Good interpersonal, communication and presentation skills with fluency in English and Arabic.
Ability to communicate with and gain confidence of senior management.
Ability to multi-task and work independently on initiatives.
Understanding of relevant Regulatory Requirements and Guidelines with special focus in KSA
Good working knowledge of technology systems, e-commerce, on-line / electronic payments, accounting / Finance Analytical Skills with proven ability to identify and develop solutions to improve fraud stabilization, reduction, and avoidance.
