Assistant Manager - Enterprise Fraud Risk

Role Overview

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 And 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.