Job Summary: The Fraud Analyst will extract, collate interrogate & analyze data from BO/SAS or other sources within the bank to identify/detect fraud/unusual patterns/trends. Perform advanced statistical analysis of customer, sales, and expenses data to determine hidden relationships or trends. To assist F&I managers in Fraud Prevention, Detection & investigations by setting up of BO/SAS reports, monitoring reports, identification of trends through data analytics. To obtain, link and analyse data from different sources/dimensions for checking underlying pattern.
Key Duties and Responsibilities:
To extract, collate interrogate & analyze data from BO/SAS or other sources within the bank to identify/detect fraud/unusual patterns/trends
Perform advanced statistical analysis of customer, sales, and expenses data to determine hidden relationships or trends.
To present findings to the F&I managers with logical conclusions.
To setup extraction and analysis of periodic reports with inputs from F&I Managers for fraud prevention & detection on SAS & BO.
To understand requirements from F&I managers, analyse system capabilities/constraints and in consultation with different stakeholders define the various reports which can aid fraud prevention & detection activities.
Should be able to help in scoping out the data analytics requirements related to investigations.
Standardize the investigation steps to ensure all aspects related to investigations are consistently covered without any lapses.
Should create different scenarios with regard to process note review to identify fraud risk and mitigating controls.
Should be able to connect the dots within the specific investigation or across the spectrum of investigations.
Contribution should be made towards implementation of Fraud Prevention/ Detection measures through active participation/ and assisting the Manager towards launch of new initiatives such as roll out of fraud awareness training, fraud risk assessments and use of forensic technology to detect frauds across the Mashreq entities.
Should be a team player and demonstrate the willingness to play an active role in complex fraud investigations.
Provides accurate & timely MIS reports relevant for the division including investigation, weekly updates and monthly submissions.
Up-to date with relevant job-specific procedures, laws, rules and regulations through professional development courses, meetings, research and job-related publications.
Maintains & update Auto Audit repository for all data analytics work related to the investigations and central bank reporting.
Should be able to generate alternatives, test different hypothesis related ti investigations and particular scenarios
Qualifications, Skills and Experience:
The applicant must hold a Bachelor’s Degree in Accounting & Auditing, Criminal Justice, or related field.
Previous experience in Anti-Fraud function or related field and with at least 4 years of experience
Excellent command over data analytics & data mining tools including the use of SAS and BO reports
Advanced knowledge of MS Excel is required to conduct complex calculations, slicing of data as per requirements of F&I managers.
Ability to handle pressure and tough situations
Good presentation skills
Self motivated & takes initiative.
Should be very good with computers and knowledge of banking systems is must.
Should be able to work on large quantity of data and be able to co relate various forms of data to identify trends.
Mashreq Bank has been providing banking and financial services to millions of customers and businesses since 1967. We are one of UAE's leading financial institutions with a growing retail presence in the region including Egypt, Qatar, Kuwait and Bahrain. We focus on providing our customers access to a wide range of innovative products and services. Mashreq is invariably among the highest performing banks in the Gulf region.