Fraud Risk Officer

About the role

The Fraud Risk Officer identifies, investigates and mitigates fraudulent activity across the Bank. The role involves continuous monitoring of transactions, detection of suspicious patterns and implementation of anti-fraud measures, working closely with internal departments so the Bank stays protected from fraud risk and meets regulatory requirements.

Key responsibilities

• Monitor transactions across platforms to detect potential fraud, investigate and resolve fraud cases quickly, and develop fraud detection strategies, tools and techniques
• Analyze data to identify fraud trends and patterns and take proactive steps to mitigate risk
• Review alerts from fraud detection systems, follow up with other departments for information on suspected activity and escalate issues to the Fraud Risk Manager
• Prepare reports on fraud incidents and work with the compliance and legal team to ensure regulator reporting is accurate and timely
• Assist the Fraud Risk Manager with investigations, including root cause analysis, mitigation plans, investigation reports and correspondence with regulatory authorities
• Help develop fraud prevention policies and processes, and regularly update fraud detection procedures
• Collaborate with IT, compliance and legal teams, support fraud-related training for internal staff and act as a point of contact for fraud queries
• Ensure fraud detection and reporting comply with local regulations and stay up to date with fraud trends and regulatory changes
• Use data analytics to predict fraud patterns and contribute to improving fraud detection tools

Required profile

• Omani nationals only
• 5 years of experience in Risk Management, preferably Fraud Risk, or Audit