About the Role:
Jameel Finance is seeking an experienced Anti Fraud Manager to
- Develop a fraud risk management program and standards for fraud monitoring, detection, prevention, case management, investigating and reporting.
- Take ownership for the execution of JF’s Fraud Risk Management Framework.
- Responsible for the overall coordination of the fraud risk management program (strategy/policy development, strategy/loss analytics, and Investigations, collaboration with Businesses, Operations and Legal/Compliance on execution of strategies/policies).
- Provide subject matter expertise on Fraud Risk Management, drawing on financial intelligence and law enforcement networks, professional qualifications, and experience.
- Liaise with other Heads of Control Functions to exchange views and gain insights into the fraud risk management practice.
- Acting as initial point of contact for law enforcement agencies, internal and external sources, receiving reports of data compromises and fraud related events and ensuring appropriate action taken.
- Work closely with line and business managers to understand the business, identify key issues and promote pertinent solutions.
- Assess the fraud risks faced by JF through the implementation of a fraud risk assessment and prevention process and ensure that an appropriate action plan is in place to address control weaknesses and mitigate fraud risk.
- Coordinate and lead fraud investigations to ensure appropriate and timely responses to fraud incidents and longer-term remediation efforts implemented to reduce likelihood and impact.
- Ensure that significant fraud investigations are concluded internally and externally where relevant.
- Ensure that appropriate fraud management controls (prevention, detection, recovery, deterrence) and monitoring processes are in place for existing products/services.
- Monitor fraud trends and the productivity / performance of the fraud unit to optimize fraud analyst and system performance based on appropriate indicators and risk-based strategy
- Review and approve (from fraud-risk perspective) all significant new products, new channels, credit changes and other significant high-risk (new/changed) to assess fraud risk.
- Develop strategies to counter different fraud types and take timely and appropriate response within detection process to mitigate the fraud risk exposure.
- Maintain acceptable fraud rates considering the risks, rewards, expense and operating environment and cultivate fraud awareness across JF and Report to the relevant authorities where appropriate and develop management information on the Fraud Portfolio.
- Good experience in the consumer finance and auto finance markets in terms of fraud behaviors
