Regional Head of Fraud Risk Management

Location
Bahrain
Salary
Competitive
Posted
18 Feb 2021
Closes
25 Feb 2021
Ref
123842/001
Contact
Faisal Saqallah
Job role
Compliance/risk
Contract type
Permanent
Hours
Full time
Experience level
Manager

A reputable global firm in Bahrain is looking to add a Head of Fraud Risk Management to run theinr Middle East and Africa operations. The succesfull candidate will be tech savvy with strong knowledge of the fintech and digital world preferrable coming from financial services and card payments.

Key Responsibilities:

  • Define, Develop, implement and Maintain a comprehensive Fraud Detection & Prevention strategy for both issuer and acquirer fraud risk designed to minimize the firm's potential fraud losses stemming from New Applications or Existing Accounts

  • Continuously Scope all regional markets to Identify & Implement Digital fraud awareness framework and controls for new accounts bespoke to each market

  • Continuously monitor physical & digital/online transaction flows from CM journey perspective to remove control redundancies

  • Ensure the firm's compliance to BOP [scheme] rules, company And Regulatory policies

  • Define, Develop, implement and Maintain exhaustive control over Fraud rules and models. Continually develop and kill rules to ensure optimal effectiveness of the rule matrix

  • Ensure stakeholders are fully informed on optimal effectiveness of Fraud Rules. Accurate and timely reporting of Fraud events to Mgmt, Regulators and industry players or any other stakeholders

  • Complete Ownership & management of in house Fraud Management Systems and their ongoing improvements and customizations