The incumbent will be responsible for implementing assurance programs and tools to make sure the strategy of the anti-fraud activities within QNB Group Compliance are working efficiently in preventing and detecting all the fraud, (except cards fraud).
In addition you will act pro-actively manner to feed up the
Design a fraud risk assessment strategy of QNB Group that takes into consideration all business segments, customers categories and locations.
Assess the Fraud risk exposure periodically to identify specific potential schemes and events that the business needs to mitigate
Test, based on the fraud control matrix the different procedures, key control indicators and key risk factors the efficiency and adequacy of the fraud control tools and procedures.
Assist in designing prevention techniques to avoid potential key fraud risk events to mitigate possible impacts on the Group.
Implement detection techniques to uncover fraud events when preventive measures fail or unmitigated risks are realized.
Suggests new testing and monitoring techniques covering all the fraud risk models
Establish the priorities within the annual plan of the anti-fraud for the areas that require most focus using a risk based approach
Liaise with Group divisions, departments, zone and branch management and other entities in identifying and confirming suspicious behavior and attempted fraud activity, thereby contributing to the Group’s goal of reducing and preventing losses incurred to the customer.
Build and maintain strong and effective relationships with all related departments and units to achieve the Group’s goals and objectives.
Liaise with Information Security personnel on issues pertaining to enhancements in, and problem-resolution of the Enterprise Fraud Management system
Identify on timely basis, the regulatory changes (locally / International) that impact the Group’s compliance risk to enable timely update of the referenced charter, plan and policy manuals.
Report on a regular basis to the Head of Fraud Control regarding non-compliance risks, identified Frauds and corrective action taken pertaining to the Group’s activities, for onward reporting to the Group Board Audit & Compliance Committee and Group Management Risk Committee.
Forward all fraud suspicious incidents to the fraud investigations team for appropriate investigations.
Maintain a track of all the fraud suspicious cases and follow up on the conclusions provided by the investigations team.
Assist the Chief Financial Crimes Compliance & Governance in identifying and selecting the Fraud Control systems to facilitate the Group’s Compliance efforts and ensuring proper implementation of the selected systems.
Bachelor degree with professional qualifications such as CAMS / CFE / CIA.
A minimum of 11 years’ experience in a major banking institution or regulatory agency out of which 6 years should be in a supervisory role relating to Anti -Fraud.
Legal background / experience is a plus