Associate/ Assistant Manager (Fraud Risk Management)

Job Description

Title: Associate/ Assistant Manager (Fraud Risk Management)

Company Name: A reputed Private Commercial Bank

Vacancy: Not specific

Job Location: Anywhere in Bangladesh

Employment Status: Full-time

Educational Requirements:
∎ Bachelor degree in any discipline
∎ BBA/MBA is preferred

Experience Requirements:
∎ At least 5 year(s)
∎ The applicants should have experience in the following area(s): Fraud risk management

Job Responsibilities:
∎ Operate, monitor and manage FRM unit within the assigned fraud loss budget and support business to meet the expected target by determining fraud cases without attenuating the core objective in terms of monitoring the card transactions and necessary fraud investigation.
∎ Assist the line Manager & manage the overall activities of the unit to achieve the common goal.
∎ Overall supervision of 24*7 transaction monitoring team and provide them instant guidance as needed.
∎ Assist the Unit Head in decision making to resolve day-to-day fraudulent and suspicious incidents related to card transaction.
∎ Manage overall operations of FRM unit and maintain effective control over the processes to respond to regular and any emergency needs of the management of overall bank.
∎ Ensure regular Fraud related Reporting.
∎ Ensure fraudulent activities are timely tracked and mitigating steps initiated to preempt further fraud losses and future risks of the similar nature or fraud to the bank
∎ Review and reinforce the effectiveness of existing fraud detection toots and prevention methods.
∎ Analyze different strategies and new dimensions of fraud activities in light of the investigation reports to develop required mitigating controls.
∎ Supervise investigations with utmost due diligence and escalate the fact findings (reports) of the applications with its recommendations to the respective department for their further actions as well as take remedial steps to avoid such recurrence.
∎ Conduct necessary analysis based on the fraud detection and alerts received from relevant system / report and take relevant mitigation steps.
∎ Fraud losses and recovery highlight in relevant risk report/KRI and its proper control to ensure the risk management.
∎ Supervise daily activities of FRM Units and other related to investigation as & when needed and ensure smooth operations.

Additional Requirements:
∎ Ability to manage complexities is a must, given the portfolio dynamics. Analytical ability with high level of management and leadership skills is needed.
∎ Develop and familiarize with the existing systems/software and build thorough knowledge of the front and back office processes of the products to ensure smooth running of the card portfolio

Salary: Negotiable

Job Source: Online Job Posting.

Application Deadline: 27 Oct 2021

Company Information:
∎ 17 Oct 2021
∎ A reputed Private Commercial Bank
∎ Business : Private Commercial Bank

Category: Bank/Non-Bank Fin. Institution