Fraud Prevention and Risk Officer

 Job Publishing Date:23 July 2023 

• Responsible to design, implement and manage an appropriate Anti-Fraud Framework.
• Maintain Fraud Incident Register.
• Manage all fraud detection & prevention for an organization.
• Coordinate with Internal auditor & Compliance Officer for reporting the fraud incidents to police authorities, FID, BSD & Board of Directors in a timely manner as per the standards.
• Must stay current with new fraudulent activities that may breach the organization's security measures.
• Understanding of risk methodologies or other complex financial risk modelling.
• Design & Maintain an integrated risk framework for the organization.
• Maintain a risk register based on the identified applicable laws and regulations, fraud schemes and AML considerations.
• Assist in the development and monitoring of key risk indicators (KRIs) that are mapped to various risks to determine elevations in risk and proactively implement risk mitigation measures.
• Identify emerging risk that prevent new regulatory, fraud, or money laundering risks.
• Coordinate the collection of risk information from source systems, departments and reporting.
• Analyze the data and apply to various key areas to update the risk profile.
• Monitor the progress of risk mitigation activities.
• Assist in the execution of the corporate compliance, fraud, and risk assessments by identifying the key risks and assessing mitigating controls to determine the risk profile for the organization.
• Identifying the key risks and assessing sanction screening process.
• Develop and implement systems, policies, and procedures for the identification, collection, retention and analysis of risk related information.
• Conduct interview, interrogation and provide objective, fair, unbiased and timely investigation report on the allegations of fraud.
• Coordinate with HR for sorting anti-fraud training materials and aspects coverd in the training.

Job Type: Full-time

Ability to commute/relocate:

• Dubai: Reliably commute or planning to relocate before starting work (Required)

Education:

• Bachelor's (Preferred)

Experience:

• similar job: 3 years (Preferred)

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