Closed or Expired Job Posting This job posting is closed or has expired and is no longer open for applications.
Upload
Banque Saudi Fransi
Riyadh, Saudi Arabia
Posted 2022/10/27 16:19:05
Expires 2022-11-06
Ref: JB1100028124
Job Description
- This role is responsible for analysing, designing, managing and implementing entity wide fraud risk management activities which are aligned to its risk strategy as a part of robust fraud risk management program. This role reports to Head of AFMD.
- Support AFMD Head in development the Anti-Fraud policy, programs and systems thereby ensure of the adequacy of fraud risk assessment versus regulatory requirements
- Works with senior management to refine the Fraud risk profiles and Fraud risk appetite.
- Provide the periodic report to the Audit Committee AC, Compliance Committee (CC), and SAMA on fraud cases, potential fraud risk and mitigation measures.
- Lead team in the identification, quantification and aggregation of internal and external fraud risks using analytical methodologies and determine the required mitigation techniques.
- Lead root cause analysis to identify key risk indicators and early warning signals to prevent and mitigate potential fraudulent activities.
- Lead end-to-end standardization of fraud risk identification and detection processes.
- Identify gaps and recommend enhancements to Anti–Fraud control measures related to deficiencies in the current policies processes and systems.
- Coordinating with the Insurance company and Finance Department in lodging insurance claims, compiling all required documents and answering all queries and following up for pending settlements
- Create a culture of fraud awareness within the Bank by ensuring formal trainings for all employees on Fraud and embezzlement risks.
- Perform other duties as directed by AFMD Head
Skills
- At least 7 years of experience in Fraud Risk Management for large banks in the Kingdom
- Bachelor’s/Master’s degree in Banking, Finance, Economics, Risk Management, Accounting or other related field
- CFE and other professional qualifications such as CPA, ACA,CAMS, or other relevant certifications will be value added
- Previous experience of managing fraud risk in other financial institutions is a plus.
- Strong knowledge of fraud management lifecycle from both process and technology perspectives.
- Awareness and understanding of the regulatory framework, in which the firm operates, and the regulatory requirements and legislations in the Kingdom.
- Experience with anti-fraud data analytics testing techniques for detecting and investigating financial crimes
- Exceptional problem solving, critical thinking, and troubleshooting skills
- Strong leadership capabilities and management skills with the ability to create effective work relationships within and across functions
- Able to communicate well, both orally and in written form (both Arabic and English).
Job Details
Job Location
Riyadh, Saudi Arabia
Job Role
Banking
Preferred Candidate
Career Level
Management
Banque Saudi Fransi
Other
Saudi Arabia
500 employees or more
+966.5.077.77777