Fraud Risk Analyst

Fraud Investigations And Mitigation

1. Reviewing credit card, personal loan, and auto loan applications is necessary to spot fabricated documents, document forgery, and inconsistencies in applicant profiles.
2. Early identification of potential fraud cases and the implementation of preventive measures are essential to decline such applications.
3. Attention to detail on documentation & customer transactions, good understanding of market dynamics and strategic planning of identification of potential threat occurrence in the card’s portfolio.
4. Work closely with the third-party vendor/intermediary channel to verify information in the field and adhere to the established turnaround time.
5. Conduct thorough investigations into reported fraud cases across the enterprise to establish facts and mitigate risks.
6. Advise on effective strategies to mitigate fraud incidents and recover financial losses.
7. Analyze business data and update the case register for statistical purposes and future analysis.

Regulatory Compliance And Reporting

1. Compile Suspicious Activity Reports (SARs) in accordance with UAE Central Bank regulations to ensure compliance.
2. Collaborate with the Legal and Compliance team, police, and external agencies to manage fraud incidents effectively.
3. Ensure adherence to departmental and corporate policies, processes, and Standard Operating Procedures (SOPs).

Management And Reporting

1. Prepare monthly and quarterly Management Information System (MIS) reports detailing investigated cases.
2. Create and present dashboards summarizing fraud investigations and mitigation efforts to internal stakeholders.
3. Maintain accurate records and documentation to support regulatory audits and internal reviews.