Senior Fraud Analyst

Highlight of the engagement opportunity:

§ Role: Full time role

§ Number of years of experience expected: 2 to 3 years

§ Areas of experience preferred: Fraud risk management & assessment, fraud analytics in BFSI Industry or Consulting in a client facing role for BFSI clients

§ Educational qualification expected: UAECA, ACCA (UK), Qualified CA (India)

§ Additional qualifications/ certifications required: None

§ Preferable additional certifications: CFA, FRM, MBA

§ Preferred geography of previous work experience: UAE, other countries in Middle East

§ Language requirements: Ability to write and speak fluently in English.

Key responsibility areas:

Fraud risk management & fraud analytics engagements with BFSI companies in UAE, with a focus on:

• Transaction Monitoring: Monitor real-time and non-real-time transactions and customer accounts for suspicious patterns or anomalies using fraud prevention/monitoring systems.
• Alert Management: Review and resolve triggered alerts generated by fraud detection tools within agreed service levels (SLAs). Contact cardholders, merchants, or internal teams to verify transactions and take necessary actions.
• Investigation and Reporting: Conduct in-depth investigations into potential and confirmed fraud cases, gathering facts, analyzing evidence, and coordinating with relevant departments (e.g., Legal, IT, Compliance) and external bodies (e.g., law enforcement, CBUAE). Prepare and submit comprehensive investigation reports to management and regulatory bodies.
• Fraud Strategy and Prevention: Monitor current fraud trends, identify vulnerabilities in existing controls, and recommend enhancements. This may include proposing new fraud rules or fine-tuning existing ones in the fraud management systems
• Data Analysis and Modeling: Utilize data analysis, statistical modeling, and data analytics tools (e.g., SAS EG, Power BI, SQL) to uncover fraudulent activities and predict future risks.
• Regulatory requirements: Address regulatory requirements (e.g., AML, KYC) to proactively address emerging threats.

Key performance metrics:

§ Adherence to project delivery timelines

§ Adherence to the firm’s standards for processes and quality

§ Project profitability

§ Client feedback

§ Feedback from counselor and other team members

Other expectations:

§ An “ownership attitude” whose passion for solving issues and creating value

§ Strong analytical and logical skills

§ Strong business writing and oral communication skills

§ Collaborative and partnership-oriented and ready to work as a team member.

§ Demonstrated ownership over deliverables and project engagement.

§ Ability to handle highly challenging and time-bound projects with a positive mindset.

Other important information:

§ Work permit requirements: Either UAE Citizen or having valid work permit to work in UAE.

§ Period of engagement: Full time role

§ Probation period: 6 months

§ Compensation: Compensation varies depending on the skill, fitment and role played by the person. Compensation discussions will take place post the selection process.

§ Performance incentives: Typically, all roles at Acies have a performance incentive. Specific aspects will be discussed during the compensation discussion.

§ Leave: National holidays, sick leaves, maternity and paternity, bereavement and studies vary based on the city and country of engagement.

§ Other benefits: Other employment benefits including medical insurance will be informed during the compensation discussion.

§ Career growth for full-time roles: Acies believes in a transparent and data-based performance evaluation system. You are encouraged to clarify any questions you have with respect to career growth with Acies personnel you interact with during the selection process.

§ Career opportunities for part-time roles: Conversion of part-time roles to full-time roles depends on both performance of the individual and business needs. You are encouraged to ask about the prospects as you interact with Acies personnel during the selection process.

§ Global mobility: Acies encourages mobility across our offices. Such mobility is, however, subject to business needs and regulations governing immigration and employment in various countries.

Selection process:

We seek to be transparent during the selection process. While the actual process may vary from the process indicated below, the key steps involved are as follows:

§ Interview:

§ There are expected to be at least two rounds of interviews with the Acies team.

§ Following the above, there are expected to be at least two rounds of interviews with the respective client team.

The number of interview rounds may vary depending on the criticality and seniority of the role.

§ Final discussion on career and compensation: Post final selection, a separate discussion will be set up to discuss compensation and career growth. You are encouraged to seek any clarifications.

Job Types: Full-time, Permanent, Contract
Contract length: 12 months

Pay: AED72,000.00 - AED96,000.00 per year

Ability to commute/relocate:

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

Education:

• Bachelor's (Required)

Experience:

• fraud risk management, assessment & analytics: 2 years (Required)
• Banking or a banking client facing role based consulting: 2 years (Required)

Location:

• Dubai (Required)