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Anti-Fraud Manager

2.00 to 4.00 Years   Riyadh, Saudi Arabia   28 Jul, 2022
Confidential Company
1 Jobs Openings
Job LocationRiyadh, Saudi Arabia
EducationBachelor's degree / higher diploma
SalaryNot Mentioned
IndustryFinancial Services
Functional AreaNot Mentioned

Job Description

Fraud Prevention and Detection Officer/Manager:

  • A fraud prevention and detection Officer/Manager is in charge of reviewing financial and non-financial documents besides monitoring business and financial transactions to ensure accuracy and prevent potential fraudulent activities,
  • Designs and implements programs to prevent such activities and to recover any incurred losses,
  • Reports directly to the Anti-Fraud Management Control Head/Director and will be a member of the Fraud Response Team.
Key Responsibility:
  • Development and execution of a pro-active anti-fraud strategy within the company as per SAMA Anti-Fraud Rules, for effective prevention, initial investigation of suspected internal & external frauds across the company and perform as an advisory & consultative officer that include evaluation & assessment of fraud risk and recommend for mitigation.
  • Ensuring effective down the line communication of the anti-fraud policy and anti-fraud program of the company
  • Review all policies, procedures, job structures, and authorization levels with fraud risk perspective and take up the gaps with concerned business/operational units for closure.
  • Proactively monitor and review any activities, transactions and data suspected of possible fraud by utilizing appropriate analytical techniques.
  • Establish clear communication flow on actual or attempts of fraud and suspicions threats from Branch/business/ operational units on individual incidents/significant attempts to the management and provide recommendations for loss mitigation as needed.
  • Ensure periodic monitoring on all the frauds and report to the management, Risk Management committee and Board of Directors.
  • Maintain confidentiality and discretion in carrying out all the duties and keep detailed records of all the suspicious activity.
  • Identify frauds requiring investigation by Internal Audit. Co-ordinate with internal auditors for extended investigation of fraud incidents.
  • Identify business areas requiring increased security controls to protect the company?s rights from future fraudulent incidents and assist in developing and implementing of controls to prevent fraud.
  • Identify and recommend policy, procedure and system change to enhance investigation outcomes and performance.
  • Encourage and participate in and provide training to other staff of the Anti-Fraud Unit and the company.

Keyskills :

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