Specialist- Governance
Full-time Sub Division: Operational, Technology, Fraud Risk, Risk Assurance, and Model Validation Division: Group Risk Management
Company Description
FAB, the UAE's largest bank and one of the world's most secure financial institutions, is dedicated to creating value for its employees, customers, shareholders, and communities. Through innovation, agility, and differentiation, FAB is committed to fostering growth. We are looking for top talent and your success is our success. Accelerate your growth as you help us reach our goals and advance your career. Be ready to make your mark a top company, in an exciting and dynamic industry
Job Description
JOB PURPOSE: The Group Fraud Risk & Investigations function is part of the group’s Risk Management function and provides second line Fraud Risk oversight for the firm’s front office and support / control functions.
The Specialist Governance & Oversight will support the VP in development, implementation and operation a robust fraud risk management governance framework. The incumbent will work closely with VP Governance & Oversight to support the Head of Governance & Oversight in ensuring alignment with the organization's strategic goals, manage departmental performance, and drive continuous improvement initiatives. Support in setting fraud policy, appetite threshold metrics, indicators and other mechanisms to monitor and measure the efficacy of the fraud value cycle and operational output to meet departmental objectives.
KEY ACCOUNTABILITIES:
Policies, Systems, Processes & Procedures
Follow all relevant departmental policies, processes, standard operating procedures, and instructions so that work is carried out in a controlled and consistent manner. Always demonstrate compliance to organisation’s values and ethics to support the establishment of a value drive culture within the bank.
Continuous Improvement
Contribute to the identification of opportunities for continuous improvement and sustainability of systems, processes and practices considering global standards, productivity improvement and cost reduction.
Reporting
Assist in the preparation of timely and accurate statements and reports to meet department requirements, policies and quality standards.
Job Context
Job Specific Accountabilities
Governance Framework Development
Provide input to the line manager to assist in developing a governance framework to support the effective and efficient execution of the various Fraud Capabilities to give effect to the Fraud Value Cycle.
Fraud Policy Execution and Process Management
Provide support in engaging Bank stakeholders, service providers, outsource agents and international operations to promote the adoption, implementation and adherence of policies and procedures.
Support in creating a fraud risk policy waiver and dispensation program.
Fraud Department Performance Metrics
Assist line management in setting performance targets and measurement metrics for the fraud department capability verticals.
First Line/Insourced & Outsourced/Hosted Fraud Risk Management Services
Assist the VP Governance & Oversight in development of a performance management framework for all insourced and outsourced functions providing services to GFRI.
Prepare reporting dashboards and other data submissions/reports.
Monitor performance metrics for service providers to ensure that performance meets predefined targets. Participate in conformance reviews of service providers, to ensure adherence to GFRI policies, procedures, and quality standards.
Business Continuity
Support the VP Governance & Oversight in the BCM risk assessment for GFRI as well as development of an appropriate Business continuity plan.
Participate in conducting periodic Business Continuity event simulations to test the BCP plan.
International Operations
Providing guidance to all international operations in support of their adoption of the Group’s governance framework.
Fraud Incident Data
Support the creation of an accurate, comprehensive, and up-to-date register/database of fraud incidents to serve as the department’s single data source for reporting purposes.
Fraud Department Data Standards and Management Reports
Provide input to and execute the annual reporting plan.
Prepare assigned GFRI reports for review by line management.
Conduct periodic reviews on the Department’s data and their sources to test veracity thereof.
Risk Assessments & Fraud Strategy
Participate in testing of the Fraud Department RCSA, and related activities.
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Qualifications
Minimum Qualification
Degree in Business, Economics, Law, Finance or similar field.
Relevant industry certifications e.g., CFA, FRM, CFE etc. are preferred.
Minimum Experience & Competencies
2 years’ experience in a governance/oversight type role. Experience in the Banking industry and fraud specific experience preferred.
Sound knowledge of the fraud related regulatory landscape in the UAE and preferred to have knowledge of the fraud related regulations applicable to the international operations.
Analytical mindset with the ability to identify opportunities for improvement.
A good understanding of Bank products and associated fraud risks.
Excellent communication and presentation skills.
Specialist- Governance
Abu Dhabi, United Arab Emirates * Full-time
