Assistant Manager - Enterprise Fraud Risk

Role Overview

This role is responsible for shaping and executing an organization's anti-fraud strategy. This role oversees end-to-end fraud governance, forensic investigations, and the implementation and continuous optimization of enterprise-wide fraud detection systems.

The incumbent works to safeguard financial assets, ensure regulatory compliance, and foster a fraud-resilient culture.

Key Responsibilities

1. Governance & Oversight

• Policy Development: Design, implement, and periodically update enterprise-wide fraud risk policies, frameworks, and procedures aligned with global regulatory standards.
• Risk Assessment: Conduct comprehensive, periodic fraud risk assessments to identify vulnerabilities, assess inherent risks, and establish Key Risk Indicators (KRIs).
• Stakeholder Reporting: Prepare dashboards and detailed reports on fraud trends, loss metrics, and control effectiveness for the Board of Directors and senior executive leadership.

2. Investigation & Incident Response

• Investigative Protocols: Lead and oversee complex internal and external fraud investigations, ensuring swift, objective, and legally sound resolutions.
• Evidence Management: Maintain meticulous case documentation, forensic logs, and evidence handling in accordance with legal and regulatory standards.
• Regulatory Reporting & Recovery: Coordinate with legal, compliance, and law enforcement agencies for Suspicious Activity Report (SAR) filings and asset recovery efforts.
• Root-Cause Analysis: Execute remediation analyses post-investigation to strengthen internal controls, update policies, and prevent recurring fraud vulnerabilities.

3. System Implementation & Updates

• System Design & Integration: Spearhead the evaluation, selection, and enterprise-wide implementation of AI/ML-driven fraud detection tools, analytics platforms, and continuous monitoring systems.
• Model Governance: Continuously tune and update fraud detection algorithms to catch emerging global fraud trends while minimizing false positives and avoiding customer friction.
• Vendor Management: Oversee relationships with third-party fraud solution vendors to ensure system performance, API integrations, and optimal ROI.
• Continuous Monitoring: Utilize data analytics and visualization tools to provide real-time surveillance of transactions and continuous system health evaluations

Qualifications & Skills

• Education: Finance, Accounting, Business Administration. Master’s degree preferred.
• Languages: English/Arabic
• Experience: 3-5+ years of progressive experience in fraud risk management, forensic accounting, or financial crime compliance in the Banking indsutry, with 1-2 years in a managerial capacity (preferrable).
• Certifications: Certified Fraud Examiner (CFE) or Certified Anti-Money Laundering Specialist (CAMS) highly desired.