12 days ago
Assistant Manager, Fraud Prevention
Mashreq Corporate & Investment Banking Group
On Site
Full Time
AED 180,000
Bengaluru, Karnataka, India
Job Overview
Job TitleAssistant Manager, Fraud Prevention
Job TypeFull Time
CategoryCommerce
Experience5 Years
DegreeMaster
Offered SalaryAED 180,000
LocationBengaluru, Karnataka, India
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Job Description
About the Role
As an Assistant Manager, Fraud Prevention at Mashreq Corporate & Investment Banking Group, you will play a crucial role in safeguarding the bank's assets and clients from fraudulent activities. This position is within the CXC-Fraud Prevention & Intelligence Division, focusing on meticulous investigation and timely resolution of fraud cases.
Key Responsibilities
- Participate actively in the investigation of fraud cases and support Management in achieving timely closures.
- Initiate new FFT cases and ensure all stipulated actions are completed within 1 working day of case receipt.
- Monitor the 'Fraud Report mailbox' diligently on all working days, ensuring all incoming emails and calls are actioned within the same day without any misses.
- Maintain comprehensive documentation of cases in shared folders, including extraction of SOA, AOD, SWIFT messages, ATM/Branch clippings, and potential linkages, all within 1 working day of case initiation where applicable.
- Execute R.M.Freeze, Debit, Credit, and amount blocks on mule/suspicious accounts, along with other relevant steps, on the same day of case initiation.
- Perform internal Negative-Listing and Black-listing procedures within 1 working day, ensuring robust maker/checker controls are in place.
- Conduct thorough Link Analysis searches using the EFM system for all applicable cases to identify connections and patterns.
- Draft detailed closure notes for assigned investigation cases, including facts and findings for the Investigation in-charge's review and closure, within 7 days of case initiation.
- Adhere strictly to stipulated timelines; missed actions for investigated cases will result in deductions from achievement percentages.
- Provide support to senior managers on urgent, time-sensitive tasks as required.
Key Skills/Competency
- Fraud Investigation
- Case Management
- Risk Management
- Financial Crime Prevention
- Compliance
- Link Analysis
- EFM System
- Documentation Management
- Timeliness
- Stakeholder Communication
How to Get Hired at Mashreq Corporate & Investment Banking Group
- Research Mashreq's culture: Study Mashreq Corporate & Investment Banking Group's mission, values, recent news, and employee testimonials on LinkedIn and Glassdoor to understand their commitment to ethical banking and innovation.
- Tailor your resume: Customize your resume to highlight experience in fraud prevention, financial crime investigation, compliance, and risk management, using keywords relevant to banking security.
- Showcase analytical skills: Emphasize your proficiency in case management, data analysis, and problem-solving, particularly in identifying fraudulent patterns and executing preventative measures.
- Prepare for scenario-based questions: Be ready to discuss past experiences with complex fraud cases, tight deadlines, ethical dilemmas, and how you ensured meticulous documentation and reporting.
- Network effectively: Connect with current and former Mashreq employees on LinkedIn to gain insights into the company's hiring process and departmental focus for fraud prevention roles.
Frequently Asked Questions
Find answers to common questions about this job opportunity
01What are the core responsibilities of an Assistant Manager, Fraud Prevention at Mashreq Corporate & Investment Banking Group?
02How quickly are fraud cases expected to be actioned by an Assistant Manager, Fraud Prevention at Mashreq?
03What systems are used for fraud detection and link analysis within Mashreq's Fraud Prevention & Intelligence Division?
04What is the process for documenting fraud cases as an Assistant Manager, Fraud Prevention at Mashreq?
05What qualities does Mashreq Corporate & Investment Banking Group seek in candidates for the Assistant Manager, Fraud Prevention role?
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