Fraud Prevention Manager

Job Purpose:

Responsible to manage and deliver business wide reporting (financial and non-financial) and data analysis to support key analytics initiatives for detecting fraud & corruptions potentials.
This position is responsible for assisting the Head of Compliance in order to maintain an effective system of internal controls across the organization to mitigate fraud risks. Duties will be performed in accordance with acceptable audit standards

 
Job Responsibilities:

PLANNING

Lead the preparation of Fraud Prevention Unit based on fraud risks assessment to set out the priorities of the business monitoring dashboard (Business KPIs), consistent with the organizational objectives.

OPERATIONAL

Develop a methodology to investigate potential occurrences of fraud by developing business intelligence analytics reports to improve and strengthen forensic analytics and partner with various departments and stakeholders on risks and controls, in identifying and assessing fraud and service related risks.

Ensure data integrity and investigating data mapping to the main data warehouse for BI analytics

Coordinate with business partners in Enhancing and Developing Retail & Business Analytics: Basket Analysis, Customer Management Analysis, Sales Analysis, Category and Events Analysis, Event Analysis Supply Chain related Analysis.

Manage the pre-identified business KPIs-dashboard to support activities and techniques that promptly recognize timely whether fraud has occurred or is occurring.

Providing periodic evaluation of anti-fraud controls based on the detailed fraud risk management

Implementing technology to aid in continuous monitoring and detection activities

Assists the Head of Compliance in the assignment’s field planning and the development.

Conducts interviews, reviews documents, develops and administers surveys, composes summary memos, prepares working papers, identifies and defines issues, reviews and analyses evidence, documents processes and procedures, and documents issues and recommendations.

Maintains productive business unit and staff relationships through individual contacts and group meetings.

Maintains the Company’s standard for the Professional Practice and the Code of Ethics developed by ACFE and Panda standards.

Administer the assessment of fraud risks and internal controls within the audited area; identification of process weaknesses and inefficiencies and operational issues, evaluation of Risks and Controls and preparation of fraud Risk and anti-fraud Control matrix

Work closely with the other departments’ managers (IT, Finance, Operations, etc.) on Compliance -internal audit matters to achieve the company objectives and ensure implementation of the agreed remediation plans

Stays abreast of general business/economic developments and new professional announcements & standards to gain an understanding of their links and impact on the organization. Understands and applies technical standards.

Maintains a positive, professional relationship with staff and management at all levels, including maintaining a professional appearance at all times.

Coordinate with other Audit Division’s units and activities so that it effectively utilises its resources, manages its priorities, and is able to be both responsive and proactive.

REPORTING

Communicate and discuss analytics studies reports results via written reports and oral presentations to the CAE and Head of Compliance

Report Business KPIs red flags to Head of Compliance timely and prepare for the root analysis

Report to Head of Compliance on monthly basis on the related pending remediation plans

Follow up

Ensure that all agreed remediation plans are subsequently implemented.

Perform follow-up procedures timely to determine whether agreed remediation plans have been implemented.

PEPOLE MANAGEMENT

Keep abreast with all the latest updates in the ACFE, audit, risk management and fraud field and improve the abilities of the department abilities.

Provide clear direction, priorities tasks, assign and delegate responsibility and monitor the workflow

Plan, manage and review individual performance and provide regular feedback, development, and coaching, taking prompt action where necessary

Education

University degree in IS (information security, data mining) from a recognized university.

Professional certification such as CFE/CISA/ CISSP is required

Master’s degree in Business Administration is considered beneficial

Experience, Skills & Competencies

A minimum of 7 years of relevant Experience, retail sector is preferred, and 2 years in a leadership position, Previous GCC experience is considered beneficial

TECHNICAL COMPETENCIES

• Advance in Information Systems Audit Process

• Business Continuity & Disaster Recovery

• IT Service Delivery & Support

• IT Governance

• Excellent Data/ Financial & Risk Analysis

• Protection of Information Assets

• Systems & Infrastructure Life Cycle Management

• Audit Reporting

• Good verbal and written communication and presentation skills.

• Strong interpersonal skills—ability to work closely with people at all levels of the organization and facilitate the implementation of corrective action.

• Quality Inspection

• Knowledge of Laws and Regulations

• Project management experience would be a plus.

• Proficient in MS Word, Excel and PowerPoint.