12 days ago
Assistant Manager, Fraud Prevention
Mashreq
On Site
Full Time
AED 150,000
Bengaluru, Karnataka, India
Job Overview
Job TitleAssistant Manager, Fraud Prevention
Job TypeFull Time
CategoryCommerce
Experience5 Years
DegreeMaster
Offered SalaryAED 150,000
LocationBengaluru, Karnataka, India
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Job Description
About the Role
As an Assistant Manager, Fraud Prevention at Mashreq, you will play a crucial role within the Fraud Prevention & Intelligence Division. This position requires meticulous attention to detail and a proactive approach to mitigating financial crime, ensuring timely resolution of investigations, and safeguarding the bank's assets.
Key Responsibilities
- Participate actively in the investigation of fraud cases, assisting management in bringing them to a timely and effective closure.
- Initiate all FFT (Financial Fraud Transaction) cases and ensure that all stipulated actions are completed within one working day of case receipt.
- Monitor the 'Fraud Report mailbox' diligently on all working days, ensuring that all incoming emails and calls are actioned on the same day without any omissions.
- Maintain comprehensive documentation for all cases in the designated shared folders, including:
- Extraction of Statements of Account (SOA), Advice of Debit (AOD), SWIFT messages, ATM/Branch clippings, and identification of potential linkages, all within one working day of case initiation, where applicable.
- Ensure the immediate placement of R.M. Freeze / Debit, Credit, and amount blocks on mule or suspicious accounts, along with undertaking other relevant steps on the same day of case initiation.
- Carry out Internal Negative-Listing and Black-listing procedures within one working day, strictly adhering to maker/checker controls to maintain robust security.
- Conduct thorough Link Analysis searches using the EFM system for all applicable cases to identify patterns and connections.
- Draft detailed closure notes for assigned investigation cases, including all pertinent facts and findings, for review and closure by the Investigation in-charge within seven days of case initiation.
- Support senior managers with urgent, time-sensitive tasks as required, demonstrating adaptability and responsiveness.
Key skills/competency
- Fraud Investigation
- Risk Management
- Financial Crime Prevention
- Compliance Adherence
- Data Analysis
- Report Writing
- Communication Skills
- Attention to Detail
- Stakeholder Management
- Problem-Solving
How to Get Hired at Mashreq
- Research Mashreq's culture: Study their mission, values, recent news, and employee testimonials on LinkedIn and Glassdoor.
- Tailor your resume: Customize your resume to highlight experience in fraud prevention, financial crime investigation, and compliance, using keywords found in Mashreq's job descriptions.
- Showcase analytical skills: Prepare to discuss your experience with data analysis, link analysis, and case documentation, emphasizing your ability to identify patterns and mitigate risks effectively.
- Prepare for behavioral questions: Practice answering questions that demonstrate your integrity, attention to detail, ability to handle sensitive information, and commitment to deadlines in a fraud prevention context.
- Network strategically: Connect with Mashreq employees in fraud prevention, risk management, or compliance departments on LinkedIn to gain insights and express your interest.
Frequently Asked Questions
Find answers to common questions about this job opportunity
01What does an Assistant Manager, Fraud Prevention at Mashreq typically do?
02What systems are used for fraud analysis in the Assistant Manager, Fraud Prevention role at Mashreq?
03How quickly are fraud cases expected to be actioned in this Mashreq role?
04What type of documentation is required for fraud cases handled by an Assistant Manager, Fraud Prevention at Mashreq?
05What is Mashreq's approach to preventing internal fraud activities?
06How important are communication and reporting skills for the Assistant Manager, Fraud Prevention role at Mashreq?
07Does Mashreq value proactive measures in fraud prevention for this role?
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