Associate Vice President - Fraud Risk Management

Job Description

What You Will Be Doing

• Lead the full Fraud Risk Assessment lifecycle, ensuring annual coverage across products, channels, and critical processes.
• Maintain and enhance the Fraud Risk Governance Framework in alignment with Group FRM policies and regulatory expectations.
• Oversee identification and assessment of emerging fraud risks, trends, and intelligence insights.
• Strengthen enterprise fraud governance by maintaining policies, standards, methodologies, and control frameworks.
• Deliver structured fraud risk reporting and insights to senior governance forums (FMC, MRC, BRC).
• Develop and maintain comprehensive fraud MI dashboards and reports using SAS VA, Power BI, and SAP BO.
• Formulate and drive the bank’s counter‑fraud strategy, ensuring process efficiency and digital transformation.
• Manage the annual Fraud Risk Assessment plan and coordinate effective execution with business stakeholders.
• Ensure timely, accurate regulatory and internal reporting in line with CBUAE and relevant compliance requirements.
• Conduct structured FRA workshops, including inherent risk scoring, control design testing, and residual risk evaluation.
• Maintain the Fraud Risk Register, track remediation actions, and ensure timely closure of gaps.
• Analyse fraud incidents, KRIs, losses, and thematic patterns to provide intelligence‑driven insights and recommendations.
• Oversee adherence to counter‑fraud standards and update fraud policies, procedures, and documentation accordingly.
• Collaborate with AFCU, BORM, Cybersecurity, Compliance, AML, and FIU to align fraud prevention and detection controls.
• Prepare and present fraud‑related MIS, dashboards, and thematic reports covering losses, KRIs, tolerance levels, and trends.

***What You Should Have***

• Strong understanding of fraud risk management, typologies and control frameworks. Track record of conducting structured Risk Assessments with attention to detail.
• Understanding of relevant laws, regulations, and compliance requirements related to financial fraud.
• The ability to collect, summarize and conclude data for reporting and creating dashboards.
• Familiarity with fraud detection systems, cybersecurity measures, and advanced technologies like machine learning and artificial intelligence for fraud prevention and detection.
• Excellent communication skills to effectively report findings, collaborate with other departments, and conduct interviews with individuals.
• Creative problem-solving skills to develop and implement effective fraud prevention strategies.
• A keen eye for detail to ensure the accuracy and completeness of data and alerts

***What We Are Looking For***

• Bachelor’s or master’s degree in Risk Management, Banking, or a related field.
• Minimum 8 – 10 years’ experience in governance or risk management within the banking or financial services sector.
• Strong understanding of banking products, digital channels, and associated fraud risks.
• Excellent problem-solving, communication, and stakeholder management skills.
• Professional certifications such as Certified Fraud Examiner (CFE) are highly desirable.