About Us: (www.auronova.in) Auronova Consulting is a specialized Risk Management Consulting firm providing cutting edge financial consulting to BFSI segments inclusive of central banks, banks, fintech, investment banks, PE Firms, insurance firms, brokerage, fintech, non-banking finance companies and other financial institutions. We cover the entire Risk Management spectrum from Credit risk, Market risk and Operational risk along with regulatory consulting like Basel II/III, IFRS 9, FRTB, ICAAP, Stress Testing etc. We have served 50+ clients in multiple countries across the globe over the last 14 years with more than 500+ engagements in risk, analytics & compliance area, creating a niche for ourselves by providing our clients best in class solutions, while competing with the best in the industry. Our unique value proposition is to help our clients in designing and implementing a comprehensive analytics program customized to their requirements. We have gained valuable experience over time while working with leading banks and financial institutions across the globe. Responsibilities:
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Client facing onsite role in UAE
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Client Handling - Understanding client requirements, problems etc.
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Preparing presentation and presenting it to Senior Management (Client)
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Will be responsible of different project ranging from:
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Collaborate with multiple bank business departments to develop comprehensive fraud strategies tailored to specific channels, products, and services.
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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.
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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.
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Conduct fraud risk assessments for all new products; existing high-risk products, channels, and services to identify vulnerabilities and recommend appropriate controls.
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Review and assess new and revised standard operating procedures and processes to ensure the inclusion of adequate fraud controls.
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Work closely with the fraud monitoring and analytics team to leverage data insights for enhancing fraud strategies.
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Monitor the performance of fraud strategies to ensure they align with predetermined metrics and objectives.
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Provide stakeholders and related parties with recommendations for remediation when performance falls short of expectations.
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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.
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Collaborate in creating fraud strategies for international operations, considering regional variations and challenges.
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Act as subject matter experts to provide support during the course of investigations.
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Present comprehensive reports on fraud strategy performance and recommendations to senior management and other relevant stakeholders.
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Develop and maintain strong relationships with key stakeholders to ensure adoption and integration and execution of fraud strategies.
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Stay up to date with industry trends, regulatory requirements, and emerging fraud threats to enhance the effectiveness of fraud strategies.
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Participate in cross-functional projects and initiatives to contribute fraud strategy expertise as required.
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Conduct extensive research on local and global best practices related to fraud strategies for various high-risk bank products, channels, and services.
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Foster a culture of fraud awareness and compliance across the organization through collaboration and communication initiatives.
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Provide well-informed recommendations to the business on effective fraud mitigation strategies, taking into account the organization's objectives and overall risk-reward profile.
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Regularly review and revise fraud strategies to ensure their continuous alignment with business objectives and risk-reward profile.
About You:
• Bachelor's degree in Business, Finance, Economics, Law or a related field.
• ACFE certification preferred.
• 10 years’ experience in fraud risk management, in the banking sector.
• Minimum of 5 years’ experience in reviewing and developing fraud strategies for Corporate products such as corporate finance, trade finance etc.
• 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 Location: UAE