Specialist, Risk Management First Abu Dhabi Bank FAB

Core Responsibilities

• To review high risk products and processes for identification of fraud risk and recommend mitigating controls
• To conduct FRA (fraud Risk Assessment) for fraud prone processes
• To review FRA part of the RCSAs(Risk & Control Self Assessment)
• To obtain and disseminate information about fraud modus operandi (MO)
• Review the process recommendations made by investigation team
• Maintain the Fraud Risk register in collaboration with other team members
• Support the line manager with other relevant activities such as continuous contact with the peers in Banking industry.

Strategic Contribution

• Develop and ensure the implementation of bank-wide fraud assessment & mitigation strategies covering the bank s key products/ channels/ segments in order to provide specific and tailored approaches to managing individual and unique fraud risks.
• Ensure effective cascading of the functional strategy into department business plans to ensure vertical alignment and horizontal integration with other interfacing departmental strategies.

People Management

• Act as a role model and drive adherence to organisational values and ethics by employees of the assigned department to foster a value driven culture within the Group.
• Train and develop the other team members on fraud risk assessment and mitigation techniques

Policies, Systems, Processes & Procedures

• Manage and ensure effective implementation of policies, procedures and controls covering all areas of assigned department activity so that all relevant procedural/legislative requirements, fulfilled while delivering a quality, cost-effective service.

Fraud Framework, Policy & Governance

• Develop and maintain Group Fraud prevention policy ensuring consistency, comprehensiveness, and adequacy to enable an effective fraud risk management process, and hence the achievement of strategy and objectives.
• The development, implementation, and maintenance of a bank-wide fraud risk assessment and mitigation framework that is fully integrated into the bank s overall risk management processes to ensure the effective assessment & prevention of fraud risk within established levels, regulatory requirements, and best standard practices.
• Oversee effective communication to ensure that stakeholders understand risk treatment options, and that different views are considered in evaluating risks to ensure effective Fraud risk management.

Fraud Risk Assessment & Prevention

• Develop, refine and ensure the implementation of set methodologies and processes to allow the bank to accurately assess and manage its exposure to fraud risk.
• Assess fraud risk exposure on a periodic basis to identify specific potential schemes and events that the organization needs to mitigate.
• Lead the review of all the operations, processes and procedures of the bank and ensure the effective identification of fraud risks/ areas that provide opportunities for fraud risk, as well as the assessment of these in terms of impact and likelihood.
• Develop, refine and ensure the implementation of prevention techniques to avoid potential key fraud risk events, and where feasible, to mitigate possible impacts on the organization.
• Ensure a post-mortem to identify the control weakness that contributed to the fraudulent act to lead to the remediation of any identified control deficiencies.
• Keep abreast of fraud prevention & mitigation techniques, methods, Basel requirements and international regulations, proposing and upon approval implementing new processes and improvements for supporting and enhancing the fraud prevention ability of the bank and the compliance level with standards.

Guidance, Support & Awareness

• Lead the development and delivery of enterprise-wide fraud assessment & prevention to ensure employees are provided with the necessary information to prevent fraud and promote a culture of risk awareness.
• Provide advice and guidance to Group and Business unit heads on fraud risk matters to promote and facilitate effective fraud prevention.

External Relationship Management

• Maintain an extensive network with Industry entities and governmental authorities in order to ensure the bank is optimally placed in dealing with fraud prevention

Continuous Improvement

• Lead the identification of opportunities for continuous improvement and sustainability of systems, processes and practices considering global standards, productivity improvement and cost reduction.

Specific Accountabilities

• Decrease in Fraud loss

• Count of NPAPs reviewed within a specific TAT

• Count of FRAs conducted and reviewed