Vice President - Fraud Prevention and Intelligence - UAE National Only

Job Purpose

• Head of the Enterprise Fraud Management (EFM) system - responsible for system development and managing real-time alerts to prevent Fraud losses.
• Enterprise level role - Responsible for implementing a world-class Fraud Risk framework/strategy through cutting-edge Fraud Prevention/Detection technologies like Data Forensics and Social Media investigations. The role is Bank-wide, including direct responsibility of anti-fraud function in Egypt .
• Planning & organizing both internal & external financial investigations dealing with the identification, seizure of personal & business assets/monies fraudulently obtained. Maintain a confidential Whistle-Blowing program to enable stakeholders to confidentially report fraud/misconduct.

Conduct Fraud Risk Assessments & provide expert advice on new products/initiatives (Digital Products, Mashreq Neo, etc), prior to launch to safeguard Fraud risk.

Key result Areas

• Independently manage the entire EFM system with over 50 scenarios and alert volumes of over 2000 alerts/day and EFM team of 7. Ensure actions on alerts within TAT to protect bank from fraud losses. Responsible for developing/refining new scenarios.
• Implementation of Fraud Prevention & Detection strategies through Data Forensics and Fraud Risk Assessments.
• Initiate, lead large investigations and people/asset tracing efforts involving Data analytics and Social Media investigations. Directly responsible for IBG locations FP&I teams. Ensure tracking of fraudulent transactions for use in court to establish evidence of illegal activity. Maintain a confidential Whistle-Blowing program to enable stakeholders to confidentially report fraud/misconduct.
• Provide expert advice in a consultative role in areas of Fraud prevention relating to new Bank wide initiatives, especially Digital.
• Raise awareness of fraud risk concerns, anti-fraud awareness & education efforts through training, E-Learning, periodical nuggets and sharing of fraud news/alerts.
• To apply independent judgment, specialized skills, plans and initiates the appropriate course of action for the purpose of resolution and restitution of large/complex frauds involving large amounts at stake. Ensures people/asset tracing in order to avoid/minimize fraud losses for the Bank.
• To interact with both the local and international regulatory and other authorities i.e. Police, Central Banks, law enforcement authorities and legal law firms.
• Ensure application of professional forensic skills (including interviewing techniques) in conduct of investigations. Provide timely professional investigation reports including recommendation for process improvements to the stakeholders.

Knowledge, Skills and Experience

• Expert knowledge & skills in conduct of both internal & external investigations and AML. Sound knowledge of fraud monitoring systems, Information Security tools and practices.
• Forensic accounting techniques, analysis of financial documents & Advanced Accounting/Auditing techniques.
• Capable of steering the division into an industry leading Centre of Excellence.
• Strategic management skills and visionary qualities.
• Written communication for both administrative and technical purposes. Oral communications in both one-on-one and group situations.
• Multi-disciplinary capabilities: analytical, qualitative, and quantitative.
• Self-motivated & takes initiative.
• At least 15 years’ experience of which at least 10 years in Fraud prevention/Internal Audit functions in a large bank.
• Master’s Degree in Accounting & Auditing, Criminal Justice, or related field and the CFE professional qualification.