Assistant Manager - Fraud Risk Management (UAE National Only - Al Hilal Bank)

About the business area - Group Risk Management

AHB prioritises a disciplined approach to risk, recognising its fundamental importance to the Bank’s long-term organisational and financial resilience. Group Risk Management oversees the implementation of AHB's risk objectives, identifying and addressing gaps in the bank's risk infrastructure/framework. Their responsibilities include nurturing the independence of the risk function, establishing provisioning policies, and introducing changes to energise risk awareness among front office personnel and decision-makers. Continuously tuning the risk organisation in line with market best practices, they manage AHB's portfolio and associated risks to international standards, while establishing a clear risk culture across all areas of operation.

Responsibilities

• Develop, implement, and oversee strategies and policies to prevent fraudulent activities within the bank.
• Ensure that appropriate fraud prevention measures are integrated into the bank’s operations, systems, and processes.
• Work with business units to assess fraud risk and recommend preventative actions or enhancements to controls
• Lead the fraud detection process by identifying patterns and monitoring for potential fraud activities.
• Oversee the use of fraud detection tools and analytics to proactively identify suspicious transactions and behaviors.
• Conduct regular monitoring and review of transactions and systems to ensure potential fraud risks are flagged in a timely manner.
• Oversee investigations into suspected fraud cases, ensuring that they are conducted efficiently and in accordance with legal and regulatory guidelines.
• Manage the collection of evidence, conduct interviews, and collaborate with internal teams, law enforcement, and external partners when necessary.
• Provide guidance and recommendations on resolving fraud cases, including corrective actions and policy updates.
• Ensure the timely and accurate preparation of fraud-related reports for internal stakeholders, including senior management and regulatory authorities.
• Oversee quarterly, annual, and significant fraud reports as per regulatory requirements, ensuring compliance with local and international standards.
• Maintain a robust reporting framework to track fraud incidents, trends, and mitigation actions taken.
• Act as the primary contact for regulatory inquiries related to fraud, ensuring the bank’s compliance with fraud reporting obligations.
• Lead the development and maintenance of the fraud risk register, documenting identified risks, their potential impact, and mitigation strategies.
• Review and update the fraud risk register regularly to ensure it reflects the latest trends, vulnerabilities, and regulatory changes.
• Report on significant changes to the fraud risk register to senior management and stakeholders.

Qualifications

• Bachelor’s degree in Business Administration, Finance, Risk Management, or a related field.
• Certification in fraud examination (CFE, ACFE, etc.) or equivalent is preferred.
• 5+ years of banking experience of which 2-5 years' Fraud Risk Management experience within Financial Services.
• Strong experience in handling complex fraud investigations and dealing with fraud detection and prevention tools.
• Solid understanding of Islamic banking principles and regulations, along with compliance and reporting requirements.