Assistant Manager Fraud Risk

؜ - ؜Dubai ؜ -

Job details

DESCRIPTION


Operating in the UAE for over ‎50 years, CBD manages the financial requirements
of some of the largest corporates and businesses operating in the country,
driving the UAE economy. Over the years, CBD has transformed into a
progressive and modern banking institution winning multiple awards for its
digital initiatives, credit cards, bank accounts, mobile app features and
services.


CBD has been recognized as the number one bank in the UAE on the Forbes list
of The World's Best Banks ‎2022.


As we continue to build upon our successes, we are looking for ambitious
individuals who are passionate about the banking and finance industry and the
markets in which CBD operates. Just as important to us is your ability to
demonstrate a talent for dealing with people - your colleagues and our
customers - and delivering service that really goes the extra mile.

Job Purpose:


Assist Head of Fraud Risk Management in achieving the overall objective of
improved visibility and effective fraud prevention for all Banking channels,
with initial focus on Cards and Online channels.

Principal Accountabilities:


Responsible for identifying, analyzing, and developing containment and
remediation plans for fraud incidents impacting CBD


Regular monitoring of emerging threats to gain insight into the evolving
threat landscape affecting Banking channels


Ensure ‎100% of cases created in Falcon and FN are actioned the same day by the
card fraud monitoring team


Perform the analysis of confirmed fraud cases to identifying root cause and
develop corrective measures


Work with cross-functional teams across CBD for collaboration on fraud risks
and investigations


Continuously monitor the performance of the fraud detection rules in Falcon
and FN systems and suggest changes to existing rules wherever applicable to
minimize false positive rates.


Undertake monitoring of transaction originating from digital channels to
identify any suspicious patterns that may result in a fraud and take
corrective action to proactively prevent fraud


Provide periodic feedback to Head of Fraud Risk Management to enhance fraud
detection rules to improve detection rates


Identify new and emerging patterns of fraud and make recommendations for new
controls and improved monitoring


Provide the required support and assistance to fraud investigator to complete
investigations in a timely manner


Prepare monthly reports covering key metrics on the fraud monitoring
activities for management reporting

Job Summary

  • Advertiser: Commercial Bank of Dubai
  • Announcement date: 16/05/2023
  • Type of employment: -
  • Experience level: -
  • Educational level: -
  • Job location: Dubai
  • Salary: -
  • Phone number: -
  • Email:

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