Assistant Manager Fraud Risk Management - Al Hilal Bank

About This Role

About the business area - Group Risk Management

ADCB 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 ADCB'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 ADCB's portfolio and associated risks to international standards, while establishing a clear risk culture across all areas of operation.

In this role, your key responsibilities include:

• The Fraud Risk Assistant Manager will be responsible for leading the bank's efforts in managing fraud risk across the organization. This includes overseeing the fraud prevention, detection, monitoring, investigation, reporting, and fraud awareness initiatives. The role involves ensuring the effectiveness of the fraud risk management framework, maintaining the fraud risk register, providing staff training, and ensuring compliance with regulatory reporting requirements.
• The Fraud Risk Assistant Manager will work closely with senior management and other departments to mitigate fraud risks and ensure alignment with the bank’s overall risk management strategy
• 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.
• Develop and implement fraud awareness programs across the organization to ensure all employees understand their role in fraud prevention.
• Organize and lead fraud risk management training sessions for employees at various levels.
• Ensure that the training materials are updated regularly to reflect emerging fraud trends, risks, and regulatory changes.
• Promote a fraud-aware culture within the organization by engaging with staff at all levels

The ideal candidate should have the following experience

• Bachelor’s degree in Business Administration, Finance, Risk Management, or a related field.(Mandatory)
• Certification in fraud examination (CFE, ACFE, etc.) or equivalent is preferred.
• 5+ years of banking experience of which 2-4 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.
• Experience in preparing and submitting reports to regulatory bodies.
• In-depth knowledge of fraud risk management processes, methodologies, and fraud detection systems.
• Excellent leadership and team management skills with a track record of developing and guiding high-performance teams.
• Strong analytical skills and attention to detail, with the ability to identify and mitigate fraud risks.
• Effective communication and presentation skills, with the ability to report and explain fraud findings to senior management and regulators.
• Proficient in MS Office Suite, fraud detection tools, and risk management software.
• Knowledge of relevant regulations, such as anti-money laundering (AML), combating the financing of terrorism (CFT), and other fraud-related regulatory frameworks.
• Strong ethical standards and high level of integrity.
• Excellent decision-making and problem-solving skills.
• Ability to work under pressure and handle sensitive information with discretion.
• Proactive and results-driven approach to fraud risk management.

What we offer:

• Competitive Salary & Additionally, all employees are eligible to participate in one of our rewarding variable pay plans.
• Comprehensive Benefits Package: This includes market-leading medical insurance, group life and personal accident insurance, paid leave and leave airfare, employee preferential rates on loans and finance facilities, staff discounts and offers, and children education assistance (for certain job levels).
• Flexible and Remote Working Options: We understand the importance of work-life balance and offer flexible working arrangements, subject to eligibility and job requirements.
• Learning and Development Opportunities: We value and facilitate continuous learning and personal development through a variety of exciting learning opportunities, such as structured instructor-led courses, a comprehensive e-learning catalog, on-the-job training, and professional development programs.

At ADCB, we are dedicated to creating a respectful, caring and disciplined work environment that aligns with your career ambitions.