VP- Credit Application
1 week ago
Sub Division:
Operational, Technology, Fraud Risk, Risk Assurance, and Model ValidationCompany DescriptionFAB, the UAE's largest bank and one of the world's most secure financial institutions, is dedicated to creating value for its employees, customers, shareholders, and communities.
Through innovation, agility, and differentiation, FAB is committed to fostering growth. We are looking for top talent and your success is our success. Accelerate your growth as you help us reach our goals and advance your career.Be ready to make your mark a top company, in an exciting and dynamic industryJob DescriptionJOB PURPOSE:
The Group Fraud Risk & Investigations function is part of the group's Risk Management function and provides second line Fraud Risk oversight for the firm's front office and support / control functions.
The primary responsibility of this role is to conduct in-depth research on both local and international best practices concerning fraud strategies, particularly focusing on high-risk bank products, channels, and services, including Credit Application Frauds.
The Fraud Strategy Manager will work collaboratively with various bank business departments to create and implement effective fraud strategies as well as leading focussed fraud risk assessments, with specific focus on credit application frauds.
The objective is to identify fraud risks to ensure that controls are adequately embedded into existing products while working with the business to integrate controls during the design and development phases of new products, services and channels, in alignment with the bank's fraud risk appetite.
KEY ACCOUNTABILITIES:
Core Responsibilities:
Strategic ContributionEnsure effective cascading of the functional strategy on credit application frauds into department business plans to ensure vertical alignment and horizontal integration with other interfacing departmental strategies.
Budgeting and Financial PerformanceMonitor the financial performance of a given area of activity versus budgets and ensure all activities are carried out in line with the approved guidelines while promptly reporting on any variances to management.
Provide inputs and implement policies, systems and procedure for the assigned team so that all relevant procedural/legislative requirements, fulfilled while delivering a quality, cost-effective service.
Participate in the identification of opportunities for continuous improvement and sustainability of systems, processes and practices considering global standards, productivity improvement and cost reduction including a specific focus on credit application frauds.
ReportingPrepare sectional statements and reports timely and accurately to meet FAB and department requirements, policies and quality standards.Job ContextSpecific AccountabilitiesCollaborate with multiple bank business departments to develop comprehensive fraud strategies tailored to specific channels, products, and services, including specific focus on credit application frauds.
Engage with the business during the product or channel development phase to ensure the incorporation of appropriate fraud controls in support of agile project methodology.
Assist the business in implementing fraud strategies through close co-operation with Business, Fraud Tech, Training & Awareness, Risk Review, and other functions that provide elements of support or execution of the overall strategy.
Conduct fraud risk assessments for all new products; existing high-risk products, channels, and services to identify vulnerabilities and recommend appropriate controls, including specific focus on credit application frauds.
Review and assess new and revised standard operating procedures and processes to ensure the inclusion of adequate fraud controls, including specific focus on credit application frauds.
Work closely with the fraud monitoring and analytics team to leverage data insights for enhancing fraud strategies, including specific focus on credit application frauds.
Monitor the performance of fraud strategies to ensure they align with predetermined metrics and objectives.Provide stakeholders and related parties with recommendations for remediation when performance falls short of expectations, including specific focus on credit application frauds.
Provide input to the Governance function to facilitate monitoring of strategy individual performance to ensure overall alignment to departmental and organization fraud management objectives and targets, including specific focus on credit application frauds.
Collaborate in creating fraud strategies for international operations, considering regional variations and challenges including specific focus on credit application frauds.
Act as subject matter experts on fraud strategy including specific focus on credit application frauds, to provide support during the course of investigations.
Present comprehensive reports on fraud strategy performance and recommendations to senior management and other relevant stakeholders, including specific focus on credit application frauds.
Develop and maintain strong relationships with key stakeholders to ensure adoption and integration and execution of fraud strategies.Stay up to date with industry trends, regulatory requirements, and emerging fraud threats to enhance the effectiveness of fraud strategies, including specific focus on credit application frauds.
Participate in cross-functional projects and initiatives to contribute fraud strategy expertise as required, including specific focus on credit application frauds.
Conduct extensive research on local and global best practices related to fraud strategies for various high-risk bank products, channels, and services, including specific focus on credit application frauds.
Foster a culture of fraud awareness and compliance across the organization through collaboration and communication initiatives.Provide well-informed recommendations to the business on effective fraud mitigation strategies including specific focus on credit application frauds, taking into account the organization's objectives and overall risk-reward profile.
Regularly review and revise fraud strategies to ensure their continuous alignment with business objectives and risk-reward profile, including specific focus on credit application frauds.
QualificationsMinimum QualificationsBachelor's degree in Business, Finance, Economics, Law or a related field.ACFE certification preferred.
Years & Nature of Experience10 years' experience in fraud risk management, in the banking sector.
Minimum of 5 years' experience in reviewing and developing fraud strategies for core banking products such as Cards, Transactional Banking, lending and/or Corporate products such as corporate finance, trade finance etc including specific focus on credit application frauds.
In depth knowledge of banking products, channels, services and associated fraud risks.Experience in the application of technology to mitigate fraud risks.
Analytical skills and ability to translate data insights into actionable fraud strategies.
Strong, communication and presentation skills to engage and influence diverse stakeholders effectively.
Understanding of industry regulations and compliance requirements related to fraud risk management.
Strategic thinking and the ability to align fraud strategies with business objectives and risk appetite.
#J-18808-Ljbffr
-
VP- Real Estate Credit
1 week ago
Abu Dhabi, Abu Dhabi, United Arab Emirates First Abu Dhabi Bank (FAB) Full timeVP- Real Estate Credit | First Abu Dhabi Bank (FAB) Abu DhabiFAB, the UAE's largest bank and one of the world's largest financial institutions offers a an extensive range of tailor-made solutions, and products and services, to provide a customised banking experience. Through its strategic offerings, it looks to meet the banking needs of customers across the...
-
VP- Governance
1 week ago
Abu Dhabi, Abu Dhabi, United Arab Emirates First Abu Dhabi Bank (FAB) Full timeVPGovernance & Oversight | First Abu Dhabi Bank (FAB) Abu DhabiFAB, the UAE's largest bank and one of the world's largest financial institutions offers a an extensive range of tailor made solutions, and products and services, to provide a customised banking experience. Through its strategic offerings, it looks to meet the banking needs of customers across...
-
Credit Analyst
1 week ago
Abu Dhabi, Abu Dhabi, United Arab Emirates ENMA Recruitment LLC Full timeThe job posting is outdated and position may be filled Job Alert You will be updated with latest job alerts via email Valid email field required Send jobs Job Alert You will be updated with latest job alerts via email Valid email field required Send jobsCredit analysts assess and make decisions about customer credit applications using a range of criteria...
-
Credit Analyst
1 week ago
Abu Dhabi, Abu Dhabi, United Arab Emirates Al Sahraa Recruitment Services Full timeThe job posting is outdated and position may be filledAnalyze and assess the financial statements and credit history of existing and potential clients.Review credit applications and perform credit checks.Structure deals and perform risk assessments.Ability to make informed decisions backed by sound assessment.Consult and negotiate with clients regarding...
-
Credit Analyst
1 week ago
Abu Dhabi, Abu Dhabi, United Arab Emirates United International Group L.L.C Full timeThe job posting is outdated and position may be filled Analyze and assess the financial statements and credit history of existing and potential clients.Review credit applications and perform credit checks.Structure deals and perform risk assessments.Ability to make informed decisions backed by sound assessment.Consult and negotiate with clients regarding...
-
Credit Controller
1 week ago
Abu Dhabi, Abu Dhabi, United Arab Emirates Apparel Group Full timeContribute to the development of a high quality, efficient, and effective credit control organization. Support the implementation of any local variations to global processes and policies covering billing, credit management and collections Meet all the operational and financial performance targets and obligations, including delivering on collection and credit...
-
VP - Telecommunications Regulatory Strategy
1 week ago
Abu Dhabi, Abu Dhabi, United Arab Emirates Michael Page Full timeVP Telecommunications Regulatory Strategy VPTelecommunications Regulatory StrategyDevelop and execute a comprehensive regulatory affairs strategy aligned with the organisation's overall objectives.Analyze the impact of regulatory developments, conduct economic analysis and research, and compare similar cases in international markets to identify potential...
-
CRD Sales and Relationship Management VP
1 week ago
Abu Dhabi, Abu Dhabi, United Arab Emirates Talent Pal Full timeCRD Sales and Relationship Management VP - State Street CRD Sales and Relationship Management VP - State Street Design of Jigs and fixtures for VMC, HMC & Turning Center (3, 4 & 5axis machines) Knowledge of Quick changing elements in Jigs and fixtures. => SMED techniques Knowledge of pneumatic and hydraulic fixturing elements. 5s, Kaizen, Poka-yoke/Mistake...
-
Credit Controller
1 week ago
Abu Dhabi, Abu Dhabi, United Arab Emirates Apparel Group Full timeContribute to the development of a high quality, efficient, and effective credit control organization. Support the implementation of any local variations to global processes and policies covering billing, credit management and collections Meet all the operational and financial performance targets and obligations, including delivering on collection and credit...
-
Sales Executive
1 week ago
Abu Dhabi, Abu Dhabi, United Arab Emirates Credit card sales Full timeProven working experience in credit card sales. Solid understanding of direct/indirect lending products and practices Excellent communication and interpersonal skills Customer satisfaction orientation and sales competencies Ability to work in a goal oriented environmentSalary: AED3, AED6,000.00 per monthAbility to commute/relocate: Abu Dhabi: Reliably...
-
Abu Dhabi, Abu Dhabi, United Arab Emirates First Gulf Bank PJSC Full timeVP, Technology Risk Management for Global MarketsFull-timeDivision: GCOOReady to join our exciting transformation at the biggest bank in the Middle East? Now is your chance By being part of our journey here at FAB, you can make a real impact on customers, employees, shareholders and communities. In return, you'll have everything you need to be part of the...
-
Manager, Credit Governance
1 week ago
Abu Dhabi, Abu Dhabi, United Arab Emirates ADIB - Abu Dhabi Islamic Bank Full timeManager, Credit Governance & Control ADIB - Abu Dhabi Islamic Bank Abu Dhabi, United Arab Emirates Manager, Credit Governance & Control ADIB - Abu Dhabi Islamic Bank Abu Dhabi, United Arab Emirates Posted 2 days ago Permanent Competitive Manager, Credit Governance & Control Job DescriptionRole : Manager, Credit Governance & ControlLocation : Abu...
-
Abu Dhabi, Abu Dhabi, United Arab Emirates bankfab Full timeAVP & Credit Lead- Credit Management (UAE Nationals Only)Full-timeSub Division: Credit Investment BankingFI, NBFI & GMDivision: Group CreditAre you a highly driven Emirati banker with 3+ years of experience? The FAB " Future leaders program – FLP " is tailor made for you.The 2-year learning and development journey offers personalized coaching, hands-on...
-
Credit Products Specialist
1 week ago
Abu Dhabi, Abu Dhabi, United Arab Emirates Turning Point HR Solutions Full timeCredit Products Specialist Jobs in Abu Dhabi, UAE by Turning Point HR Solutions | Credit Products SpecialistTurning Point HR Solutions - Abu Dhabi, UAE Posted In 4/10/2013 Apply For JobApplicants 11 Views 5797 Job Description ONLY GCC NATIONALS APPLY"« Structuring of loans & trade credit (including Letters of Credit, Letters of Guarantees, Bonds etc)...
-
Specialist- Credit Control
1 week ago
Abu Dhabi, Abu Dhabi, United Arab Emirates First Gulf Bank PJSC Full timeNow it's your time to join the #1 bank in the Middle East and one of the most prestigious financial companies in the region. Shaking up the world of banking requires a lot of smarts and skill. We're looking for the brightest and best to help us reach our goals and we'll also help you reach yours. Your success is our success as you grow stronger in your...
-
VP- Head of Compliance Risk Assessments
1 week ago
Abu Dhabi, Abu Dhabi, United Arab Emirates First Gulf Bank PJSC Full timeVP- Head of Compliance Risk Assessments & AdvisoryFull-timeSub Division: Regulatory ComplianceDivision: Group ComplianceFAB, the UAE's largest bank and one of the world's most secure financial institutions, is dedicated to creating value for its employees, customers, shareholders, and communities. Through innovation, agility, and differentiation, FAB is...
-
Senior Credit Analyst
1 week ago
Abu Dhabi, Abu Dhabi, United Arab Emirates Brentford LLC Full timeThe job posting is outdated and position may be filled senior credit analyst is a finance professional who isresponsible for evaluating the credit history of individuals or organizations to identify the risk level of loaning them money. They make recommendations based on the results of their assessments using credit agency tools. Disclaimer: is only a...
-
Audit Manager- Ccb- Ib
1 week ago
Abu Dhabi, Abu Dhabi, United Arab Emirates bankfab Full timeFull-time Sub Division: Audit CCB, IB, Credit & International Division: Group Internal AuditCompany Description:FAB, the UAE's largest bank and one of the world's most secure financial institutions, is dedicated to creating value for its employees, customers, shareholders, and communities. Through innovation, agility, and differentiation, FAB is committed to...
-
Relationship Officer(Credit Cards)
1 week ago
Abu Dhabi, Abu Dhabi, United Arab Emirates Smart Union Commercial Brokerage LLC Full time#Hiring for Relationship Officer for Banking Products (Credit Cards )Requirement: Immediate joining.Experience: Min 6 months - 1 year in Credit Card (UAE experience or Home country).Location: Abu DhabiSurani group is urgently looking for Relationship Officer for Banking Products direct sales for a reputed bank in UAE.Job description: Contact potential or...
-
Abu Dhabi, Abu Dhabi, United Arab Emirates Salient Fidelity Full timeVP Organisational Development Jobs In Abu Dhabi | Salient FidelityApply AlsoHVAC Technician Jobs In Abu Dhabi | TASC Outsourcing· Drafting project briefs, reports and proposals.· Assisting with the monitoring of the project implementation.· Supporting the team with the administrative tasks needed to manage program and research grants.Apply Also SW...
