Fraud Risk Manager

7 months ago

Manama, Bahrain Arab Banking Corporation Full time

**Job Purpose**:
This is a middle management risk role within Group Fraud Risk Management responsible for supporting the fraud risk management function and assisting in fostering a culture of fraud risk prevention, detection, and response across ABC Group. The incumbent will be asked to:

- Support the Head of FRM in the continual design, implementation and improvement of a sound fraud risk management program, policies, procedures, and fraud monitoring activities including systems to manage fraud risk throughout ABC Group,
- Contribute toward the alignment of fraud risk management strategies across the Group in accordance with the enterprise-wide Risk Management, Internal Control including Operational Risk Management Policies.
- Enhance Fraud Risk Dashboard, MIS reporting and.
- Engage with Group stakeholders and provide support as appropriate to enhance their abilities to anticipate and manage fraud events effectively.
- Support and oversee the adequacy and strength of the Internal Control throughout the Group
- Recommend in consultation with the Head of Fraud Risk Management adequate fraud risk management framework implementation in order to ensure the fraud risk profile supports the achievement of business objectives.

**Principal Responsibilities, Accountabilities and Deliverables of Role**:
1) Strategy, Policy, Framework and Governance
- Support the design and implementation of Fraud Risk Management program, tools, and culture.
- Contribute toward ensuring Fraud Risk Management Framework and policies are in compliance with the Group, Local, and Industry regulatory requirements and standards.
- Ensure that all major fraud risks are identified, properly mitigated, and monitored.
- Drive continuous enhancement of FRM Program Group for more efficiencies and effectiveness.
- Support Head of Fraud Risk Management establishing and enhancing sound FRM governance group-wide.

2) Process Management
- Support standardization, automation and efficiency through re-engineering and process improvement initiatives across the Group to deliver desired client experience across all channels/ products.
- Ensure strong collaboration and concerted efforts with key stakeholders /partners by:

- Sharing information on fraud trends and identifying emerging fraud threats.
- Leveraging on common tools, information, and processes.
- Designing and implementing a fraud preventive strategy
- Supporting the 1st Line of Defense in strengthening their RCSAs and identifying, assessing, mitigating, and monitoring fraud risks.
- Strengthen Fraud Risk Management capabilities, skills, and infrastructure to enable swift detection and response to fraud attacks.
- Act quickly and decisively when any risk and control weakness become apparent and ensure they are addressed within an appropriate timeframe and escalated through the relevant committees.
- Support the implementation of the FRM Program and design/monitor the fraud risk metrics to identify potential control weaknesses.
- Build and coordinate appropriate fraud detection, deterrence, and investigation activities to limit the likelihood /impact of Fraud incidents/events
- Recommend and monitor the implementation of longer-term remediation action to reduce likelihood/ impact of known fraud trends.
- Manage fraud incidents and ensure a comprehensive root-cause analysis is completed.

3) Systems
- Support in Design and maintain the Group’s Fraud Risk Management Systems.
- Continuously enhance the rules for identifying/preventing suspicious transactions on cards and non-cards-based transactions.
- Monitor and ensure efficient functioning of fraud monitoring solutions in place.
- Identify and review emerging and current transactional fraud risk to fine tune the rules/parameters to enhance or improve detection rates and false positive rates.
- In collaboration with the bank’s IT Security team, proactively highlight the new and emerging Fraud Cyber threats.

4) Analysis and Reporting
- Prepare analyses reports for Senior Management on key findings as part of the Fraud Risk Management Framework.
- Drive standardization and ensure postmortem investigative recommendations are fully adopted across the Group.
- Ensure Lessons Learned are shared with all business units/countries on timely manner.
- Prepare Internal & External reporting.
- Set up a robust MIS deck that captures internal and external fraud trends

5) Training and Awareness

Work with HR and Management to design and deliver relevant fraud risk management training and guidance across the Group to promote robust fraud risk management culture.
Contribute toward designing Fraud Awareness and Prevention campaigns for internal and external audiences.

**Job Requirements**:
Knowledge
- Hands-on knowledge of fraud risk management in both Retail and Wholesale Banking including fraud risk assessments, fraud control testing, incident root-cause analysis etc.
- Proven expertise in fraud monitoring system such as ThreatMetrix, One Span, VRM, FRM,

  • Fraud Risk Manager

    6 months ago

    Manama, Bahrain Arab Banking Corporation Full time

    Arab Banking Corporation Manama, BahrainPosted 1 day ago Permanent competitive **Job Purpose**: This is a middle management risk role within Group Fraud Risk Management responsible for supporting the fraud risk management function and assisting in fostering a culture of fraud risk prevention, detection, and response across ABC Group. The incumbent will be...

  • Assistant Manager Fraud Risk

    4 months ago

    Manama, Bahrain Boot camp gym Full time

    a) Execute Fraud Risk Assessments as per methodology. b) Adhere to periodic fraud risk assessments plan. c) Identify, document and communicate fraud risks and control (preventive, detective and corrective) to stakeholders and obtain confirmation. d) Agree on control testing mechanism, frequency with stakeholders in alignment with bank’s operational Risk...

  • Fraud Specialist

    7 months ago

    Manama, Bahrain Arab Banking Corporation Full time

    **Job Requirements**: We are recruiting a Fraud Specialist to monitor the merchant's performance and patterns, monitor wallet behavior, initiate investigations when there is doubt, mitigate counterfeiting and fraud, keeping the fraud ratio within card schemes rate at the acquirer and merchant level. Responsible for reviewing daily fraud monitoring reports...

  • Fraud Monitoring Agent

    3 months ago

    Manama, Bahrain Boot camp gym Full time

    Required for one of the leading Banks in Bahrain, Fraud monitoring agents for newly established team. Required total of 6 agents. overview A fraud monitoring agent plays a crucial role in detecting and preventing fraudulent activities related to credit and debit cards, digital channels, and money transfers. Here are the main duties typically associated...

  • Cyber & IT Risk Manager

    7 months ago

    Manama, Bahrain Arab Banking Corporation Full time

    **Job Purpose**: To facilitate, monitor and oversee the management of Cyber & IT Risks (risks related to IT, Cyber/Information Security and Business Continuity) across ABC Group and to support the first line of defense (IT, Cyber/Information Security and Business Continuity) in their respective Risk domains. **Principal Accountabilities and Deliverables of...

  • Cyber & IT Risk Manager

    6 months ago

    Manama, Bahrain Arab Banking Corporation Full time

    Arab Banking Corporation Manama, BahrainPosted 1 day ago Permanent competitive **Job Purpose**: To facilitate, monitor and oversee the management of Cyber & IT Risks (risks related to IT, Cyber/Information Security and Business Continuity) across ABC Group and to support the first line of defense (IT, Cyber/Information Security and Business Continuity) in...

  • Fraud Manager

    7 months ago

    Manama, Bahrain Alter Domus Full time

    **Education/Certifications**: - Bachelor’s degree in finance, business management, IT or any relevant field **Experience**: - 5+ years’ experience in risk management, specifically in the payments industry **Knowledge/Skills/Attributes**: - Excellent team leadership skills - Excellent communication skills in both Arabic and English

  • External Auditor

    6 months ago

    Manama, Bahrain Talent Pal Full time

    Minimum 4 year post qualification work experience in external audit - Plan effective auditing processes - Audit financial statements and assess accounts for accuracy and regulatory compliance - Inspect internal systems and controls - Assess risk management tactics - Report systematic errors or fraud indicators - Investigate specific issues regulatory bodies...

  • Operational Risk Manager

    8 months ago

    Manama, Bahrain Emprego BH Full time

    **Reports to**:Group Head of Operational Risk **Job Purpose**: To assist and facilitate the management of operational risk across ABC Group. This includes: - Engaging with the first line on risk management (identification of risks and appropriate mitigation strategies) starting from a good understanding of the business processes & products -...

  • Market Risk Manager

    7 months ago

    Manama, Bahrain Arab Banking Corporation Full time

    **Job Purpose**: This is a senior position within the independent Market Risk team with responsibility to act as the back-up to the Head of Group Market Risk, providing quantitative analysis and insight, giving assurance to the bank’s senior management that all risks are being measured accurately and managed/controlled in line with risk appetite, meeting...

  • Risk Officer

    1 month ago

    Manama, Bahrain Bitoasis Full time

    **Company Description** Founded and headquartered in Dubai, the United Arab Emirates, BitOasis is a leading venture-backed, regulated virtual assets retail trading and custody platform for the GCC and wider Middle East and North Africa region. We are seeking a highly skilled and experienced Risk Officer to join our team in Manama, Bahrain. As a Risk...

  • Internal Assistant Auditor

    6 months ago

    Manama, Bahrain Habara Hotel & Restaurant Management W.L.L. Full time

    INTERNAL AUDITOR RESPONSIBILITIES - Inform, any identified areas of significant business risk to upper management. - Obtain, analyze and evaluate accounting documentation and previous reports. - Implement best audit and business practices in line with applicable internal audit statements. - Manage audit assignments as per team lead’s direction. - Identify...

  • Deputy Money Laundering Reporting Officer

    4 months ago

    Manama, Bahrain Wosool Consultancy Full time

    The Deputy Money Laundering Reporting Officer (“DMLRO“) role will report and provide support to the MLRO and management. **What you’ll do** - Reviewing client KYC/CDD documents individually, corporations and FIs assess the quality of customer KYC documentation and raise any concerns to the MLRO. - Conduct regular risk assessments of the company's...

  • Compliance Officer

    7 months ago

    Manama, Bahrain Arab Banking Corporation Full time

    ABC seeks to recruit a Compliance Officer - Governance and Risk Management in the Group Compliance Department. The Compliance Officer - Governance and Risk Management will be responsible for supporting the operationalization group-wide of the Bank ABC Compliance Framework and Compliance Methodology, including amongst others the Compliance Universe,...

  • Operational Risk Manager

    8 months ago

    Manama, Bahrain Talent Pal Full time

    **Reports to**: Group Head of Operational Risk **Job Purpose**: To assist and facilitate the management of operational risk across ABC Group. **This includes**: Engaging with the first line on risk management (identification of risks and appropriate mitigation strategies) starting from a good understanding of the business processes &...

  • Assistant Risk Manager

    2 months ago

    Manama, Bahrain Bank ABC Full time

    Assistant Risk Manager - Bank ABC Islamic Bank ABC seeks to recruit an Assistant Risk Manager in Bank ABC Islamic based in our Head Office, in Bahrain. The Assistant Risk Manager will be responsible to assist the Head of Risk & Credit Support to perform the role of the second line of defense through the governance, oversight,development and management...

  • Risk Management Lecturers

    6 months ago

    Manama, Bahrain BIBF Full time

    **The Banking & Finance Centre at the Bahrain Institute of Banking & Finance is seeking a **Part Time Lecturers to deliver Risk Management related courses**: - Bachelor’s degree in Banking & Finance or equivalent is required - Membership of a related professional body such as PRM/FRM is required - Minimum 5 years industry experience specifically in...

  • Compliance Specialist

    2 months ago

    Manama, Bahrain stc bahrain Full time

    **Job Objective**: Primarily responsible for support implementation of the compliance program, ensuring that the Company is in compliance to regulatory requirements and internal procedures. **Job Specifications**: Monitors performance of the AML/CFT program and related activities on a continuing basis, taking appropriate steps to improve its...

  • Associate Partner Risk

    7 months ago

    Manama, Bahrain Think Global Recruitment Full time

    Are you ready to embark on an invigorating journey in the world of Risk Advisory? We have a rare opportunity for you to elevate your career with a globally renowned Big Four practice in the enchanting land of Bahrain! Step into a world where rich history meets cutting-edge progress, and where you, as an Associate Risk Partner, will leverage your expertise...

  • Compliance Specialist

    2 months ago

    Manama, Bahrain Stc Full time

    **Business Unit** stc **Sector** **STC PAY** **Location** Bahrain - Manama **Contract Type** Full Time **Closing Date** 17-Nov-2024 Job Objective: Primarily responsible for support implementation of the compliance program, ensuring that the Company is in compliance to regulatory requirements and internal procedures. Job Specifications: Monitors...