Senior Fraud Risk Analyst

Senior Fraud Risk Analyst

Senior Fraud Risk Analyst

Job Description

Role : Senior Fraud Risk Analyst

Location : Abu Dhabi

Role Purpose :

This is middle level Fraud risk management role within Group Operational Risk Management. This role takes responsibility for supporting the Fraud Risk Management framework across the group.

The holder of this role will ensure that fraud risk assessment & mitigating strategies are implemented across the group, This role requires a proactive and confident individual : with experience in Fraud Risk Management including assessing and responding to all fraud related risk.

The job holder of this position will be mainly asked to.

Support the implementation of fraud risk assessment framework throughout ADIB group,





ensuring alignment with the enterprises - wide fraud risk management strategy.

Oversee the adequacy and strength of the fraud related control environment through ADIB Group and recommend management action to ensure the fraud risk profile supports the achievement of business objectives.

Key Accountabilities of the role

Fraud Risk Assessment - Strategy, Policy, Framework & Governance

Under the guidance and direction of the direct manager / department head, drive the development, communication of an enterprise- wide Fraud risk management strategy with respect to fraud risk assessment.

Drive and lead the specific fraud risk management responsibilities in relation to : -

Identifying, analyzing, and assessing fraud risk through the means of workshop, questionnaire, process review, and other assessment tool across the ADIB group.

Implementation of cost-effective fraud risk response plan,







Assists business unit in identifying areas where process efficiency can be enhanced to mitigate fraud risk and recommends valuable process enhancement.

Build & continually develop close relationships with business unit's counterpart for fraud risk management.

Conduct fraud risk assessments including fraud risk scenarios, FRIs (Fraud Risk Indicators) of business units and ensuring that frauds risk is identified analyzed and reported.

Perform a reconciliation on periodically basis to ensure that fraud risk and control are embedded in all the business unit's RCSA.

And to ensure all business units having fraud risk indicators.

Help structure the governance forums for the appropriate fraud risk management oversight through the FRMC (fraud Risk Management Committee).

Where applicable provide support the existing forums (BRCC)





in coordination with the direct manager / department head.

Perform third party risk assessment by visiting to the vendor / third party premises.

Review and approve fraud related risk and control in GRC and provide advisory related to clear and applicable risk and controls.

Review and Review, analyze, conduct root cause analysis on fraud incidents and then provide feedback / approve in GRC system.

Review and bank wide Policy / PPG / SOPs and provide feedback in terms of fraud risk identification and its proper mitigation.

Analysis & Reporting

Prepare and circulate fraud risk assessment report to the business unit's head on key finding as part of fraud risk assessment.







Log the action plan in GRC system to closely monitor the implementation of the recommendation provided as a part of Fraud risk assessment / other review.

Monitoring and review the result of fraud risk indicators reporting of business units.

Monitoring of effectiveness of the fraud risk control's effectiveness.

Review and circulating the report on sufficiency and effectiveness of action plan for ineffective controls.

Laise with other business units to perform accurate root cause analysis and recommend the corrective action plan.

Prepare Presentation on Fraud Incidents / Fraud Risk & control for senior management presentation in committee's meeting.

Maintain the fraud risk dashboards for incident, risks, indicator, issue, and action, on real-time basis and provide the update as and when required.

Training & Awareness







Work with direct manager / department head and provide training and guidance across the ADIB Group to create awareness about fraud Risk assessment framework.

Assist in developing continuous lessons learned and sharing of best fraud control practices with business units / committees / other fraud forum.

General Management

Participate in appropriate business meetings, forums, and committees.

Identify opportunities to improve anti-fraud controls and reduce impact / likely hood of fraud risk.

Improve standards and promote Innovative thinking / initiatives in relation to fraud risk assessment.

Assess emerging fraud risks, including those related to new products or significant process / change as part of reviewing policies and procedures of business units.







Work closely with line and business managers to understand the business, identify risk issues and promote solutions to management relevant to fraud risks.

Other Tasks :

Carry out other tasks that may be assigned in consultation / direction from the group head of fraud risk prevention / head of department.

Specialist Skills / Technical Knowledge Required for this role :

Superior problem solving and analytical abilities.

Very good interpersonal, communication and presentation skill

Ability to communicate with and gain confidence of the bank's senior management.

Ability to multitask and work independently on initiatives.

Excellent knowledge about bank products and the risks associated.

Expert knowledge of GRC system for all modules for Operational Risk, Issue & Action,





Fraud Incident Management, Fraud Indicator (Metric Module)

Good knowledge of technology systems, accounting / finance analytical skills with proven ability to identify and develop solutions to improve fraud risk mitigation, reduction, and avoidance.

Overall experience of 10 years out of which 5 years must be specifically in Fraud Risk Management / Operational Risk Management.

Possess professional Qualifications i.e. (ACFE / CORP) etc.

Expertise and knowledge on market fraud trends

Working knowledge of leading operational and fraud risk practice and regulatory requirements.







Ability to collaborate with Senior Management-Level professionals.

Advance Computer skills (e.g., Microsoft Office Suite) / Power BI

Previous experience :

Fraud Risk Management

Operational Risk

Fraud Investigation

Internal Control

Internal Audit

Job ID 300002222195537