Job Description
We are currently looking for Specialist - Internal Audit & Fraud Investigation for our UAE operations with the following Skill set and terms & conditions.

Education:

• Graduate in Accountancy or a business-related field, preferably Finance or Economics

Professional / Technical Qualifications / Diplomas:

• Internationally recognized accounting / auditing qualifications like CPA, CIA, CFE.

Experience:

• 5-8 years professional experience in fraud risk management and audit in Financial Institution or large Organization.
• Must have relevant Internal Audit experience in the Banking Sector.
• Should have experience in Corporate Credit Audit and Financial Risk (Risk Modeling) Audit AND / OR
• Should hold an AML/CFT-related professional certification (i.e., ACAMS) and have experience auditing AML in banks AND / OR
• Should possess a Fraud Investigation qualification and have experience conducting Fraud Audits and Investigations.

Other Skills Required for the Job:

• Intricate knowledge of overall banking operations and processes. Analysis and planning skills
• Negotiation and convincing skills
• Excellent report writing skills.
• Leadership and organizing skills.
• Interpersonal / communication skills
• Proficient in the use of Microsoft Excel, PowerPoint, Word, and bank systems

Duties and Responsibilities:

• Responsible for analyzing fraud data and providing end-to-end consolidated MI reporting for all Fraud Reporting matters.
• Flags any potential critical High-Risk trends emanating from the analytics process, report such
• instances to the AVP Internal Audit and Fraud Investigation and provide general guidance on proposed action plans.
• Recommends preventive measures, new tools / software to improve fraud detection, prevention, investigation, and reporting activities in collaboration with Fraud Risk Management.
• Validates and ensures that internal and external stakeholders provide accurate and sustainable MI.
• Interacts with business and the Risk management functions involving all Fraud Risk related
• reporting, Key Risk scenarios and Fraud risk event reporting.
• Interacts, where applicable, with external partners such as law enforcement agencies, regulatory
• bodies, CBUAE, vendors, banks to validate information in relation to fraudulent activities.
• Conducts Conformance testing as per the unit’s plan and reports the results of the Conformance testing in accordance with the approved SOP.
• Maintains a tracker of all investigation results to closure stage, any remediation activities
• undertaken by business units in respect of fraud related control failures and/or Policy breaches
• identified during investigations, conformance reviews or any other detection method.
• Recommends amendments to policies and SOP’s where it is deemed necessary to improve
• counteraction of Fraud Risk. with the Investigations Standard Operating Procedure as per the instructions.
• Accountable for preparation of investigation reports in accordance with the SOP as may be required under the direction of Audit & Fraud Investigation Management.

Joining time frame: 2 weeks (maximum 1 month)

• Responsible for analyzing fraud data and providing end-to-end consolidated MI reporting for all Fraud Reporting matters.
• Flags any potential critical High-Risk trends emanating from the analytics process, report such
• instances to the AVP Internal Audit and Fraud Investigation and provide general guidance on proposed action plans.
• Recommends preventive measures, new tools / software to improve fraud detection, prevention, investigation, and reporting activities in collaboration with Fraud Risk Management.
• Validates and ensures that internal and external stakeholders provide accurate and sustainable MI.
• Interacts with business and the Risk management functions involving all Fraud Risk related
• reporting, Key Risk scenarios and Fraud risk event reporting.
• Interacts, where applicable, with external partners such as law enforcement agencies, regulatory
• bodies, CBUAE, vendors, banks to validate information in relation to fraudulent activities.
• Conducts Conformance testing as per the unit’s plan and reports the results of the Conformance testing in accordance with the approved SOP.
• Maintains a tracker of all investigation results to closure stage, any remediation activities
• undertaken by business units in respect of fraud related control failures and/or Policy breaches
• identified during investigations, conformance reviews or any other detection method.
• Recommends amendments to policies and SOP’s where it is deemed necessary to improve
• counteraction of Fraud Risk. with the Investigations Standard Operating Procedure as per the instructions.
• Accountable for preparation of investigation reports in accordance with the SOP as may be required under the direction of Audit & Fraud Investigation Management