Specialist Fraud Investigations Full-time Job

KEY ACCOUNTABILITIES:

Strategic Contribution

Provide guidance and on the job training for junior colleagues and conduct knowledge sharing to facilitate achievement of team objectives and completion of tasks in an efficient manner which is consistent with operating procedures and policy.

Promote the organization’s values and ethics in all activities within the team to support the establishment of a value drive culture within the bank.

Budgeting and Financial Performance

Monitor the financial performance of a given area of activity versus budgets and ensure all activities are carried out in line with the approved guidelines while promptly reporting on any variances to management.

Policies, Systems, Processes & Procedures

Provide inputs and implement policies, systems and procedure for the assigned team so that all relevant procedural/legislative requirements, fulfilled while delivering a quality, cost-effective service.

Continuous Improvement

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

Reporting

Prepare sectional statements and reports timely and accurately to meet FGB-NBAD and department requirements, policies and quality standards.

Job Context:

Job Specific Accountabilities

Assist the VP Fraud Investigations to execute the Functional Operating Model components of the Fraud Investigations capability.

Receive cases for investigation and conduct risk assessments to identify immediate loss mitigation and recovery actions required.

Take direction from AVP and VP fraud Investigations as to the investigation plan.

Where required ensure immediate escalation of the incident as per department escalation matrix.

Assess the preliminary facts of the incident to determine whether the incident qualifies as a potential insurance claim with appropriate escalation/reporting.

Gather information, documents, data, evidence required to determine the facts surrounding the incident. Interview suspects and witnesses (including staff) where required.

Collaborate and coordinate investigation/actions with other Bank functions such as Internal Audit, IT, HR, Legal, Compliance dependent on the need of each case.

Assess investigations findings, interpret evidence, conduct a root cause analysis, quantify the loss or potential financial exposure, write a comprehensive investigation report containing appropriate risk mitigation and remedial recommendations.

Utilize available data analysis and forensic tools and techniques to identify patterns, anomalies and potential areas of concern.

Ensure that CBUAE STR or SAR reports are filed timeously and that any requests for additional information are responded to within prescribed timelines.

Proactively identify and anticipate potential systemic risk, evolution of, or new versions of fraud trends to facilitate preventative action.

Act as subject matter expert and provide input to the creations of fraud awareness and training material as well as participating in the delivery of the material when required.

Network with industry peers to share intelligence and best practices.

Stay updated with latest trends in banking fraud, technology, and investigation techniques.

Promote a culture of risk awareness across the organization within the team.

FAB, the UAEs largest bank and one of the worlds largest financial institutions offers a an extensive range of tailor-made solutions, and products and services, to provide a customised banking experience. Through its strategic offerings, it looks to meet the banking needs of customers across the world via its market-leading Corporate and Investment Banking and Personal Banking franchises.
Headquartered in Abu Dhabi, in Khalifa Business Park, the banks international network spans over 19 countries, across the world, providing the global relationships, expertise and financial strength to support local, regional and international businesses seeking to do business at home and abroad. In line with its commitment to put customers first, to Grow Stronger, FAB will continually invest in people and technology to create the most customer-friendly banking experience and will support the growth ambitions of its stakeholders across the global network in which the bank operates.
To empower its customers and clients to Grow Stronger, FAB is initiating a powerful movement, which goes beyond banking. The Grow Stronger movement represents the banks promise to support its stakeholders goals and growth ambitions, providing ideas, tools and expertise to help them become stronger, today and in the future. Through a strong, diversified balance sheet, leading efficiency and a solid corporate governance structure in place, FAB is set to drive growth forward.