AVP - Fraud Data Analytics

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RAKBANK, also known as the National Bank of Ras Al-Khaimah, is a Public Joint Stock Company based in the United Arab Emirates (UAE). It was founded in 1976 and is one of the oldest banks in the UAE. The Bank operates within retail and corporate banking, offering a range of services including personal and business banking, credit cards, loans, investment services, and wealth management

In the recent years, the Bank has achieved significant milestones which includes being named as one of the world's best banks by Forbes ME (2022) and was awarded UAE's SME Bank of the year by the Asian Banking and Finance Awards. The Bank has been successful in achieving the highest profitability and lowest cost of risk since 2015. It has also seen significant growth in its acquiring business, card spending, and business loans

Being on a transformational journey, in partnership with Honeywell, RAKBANK has also taken steps towards sustainability by reducing its overall energy consumption

We are a diverse team comprising of over 3,000 employees from across 58 countries. We make conscious efforts to build talented and diversified teams and encourage people to develop their full potential. We are committed to providing a working environment that promotes work-life balance, career development, recognition and security for the future

In line with our strategy, a major part of our transformation journey is to future proof our bank and establish ourselves as a ‘Digital bank with human touch’, for our customers

So, join us in co-creating the future of RAKBANK!

RAKBANK, also known as the National Bank of Ras Al-Khaimah, is a Public Joint Stock Company based in the United Arab Emirates (UAE). It was founded in 1976 and is one of the oldest banks in the UAE. The Bank operates within retail and corporate banking, offering a range of services including personal and business banking, credit cards, loans, investment services, and wealth management

In the recent years, the Bank has achieved significant milestones which includes being named as one of the world's best banks by Forbes ME (2022) and was awarded UAE's SME Bank of the year by the Asian Banking and Finance Awards. The Bank has been successful in achieving the highest profitability and lowest cost of risk since 2015. It has also seen significant growth in its acquiring business, card spending, and business loans

Being on a transformational journey, in partnership with Honeywell, RAKBANK has also taken steps towards sustainability by reducing its overall energy consumption

We are a diverse team comprising of over 3,000 employees from across 58 countries. We make conscious efforts to build talented and diversified teams and encourage people to develop their full potential. We are committed to providing a working environment that promotes work-life balance, career development, recognition and security for the future

In line with our strategy, a major part of our transformation journey is to future proof our bank and establish ourselves as a ‘Digital bank with human touch’, for our customers

So, join us in co-creating the future of RAKBANK!

Job Description

We are seeking an experienced and analytical Assistant Vice President (AVP) of Fraud Data Analytics to join our team in Dubai, United Arab Emirates. In this key role, you will spearhead our fraud detection and prevention efforts using advanced data analytics techniques.

Job Propose :

The role involves oversight and assessment of fraud risks at RAKBANK by developing, implementing, and maintaining fraud detection systems and analytics processes. Collaborate with IT, compliance, risk management, and operations to ensure system integrity and security. Analyze large datasets to identify fraudulent behavior and design automated systems for real-time monitoring. Stay updated on fraud trends and technologies to enhance fraud prevention strategies. This position involves excellent problem-solving skills, a high level of integrity, and the ability to communicate complex technical information to non-technical stakeholders.

What you will do :

Strategic Responsibilities

• Developing and Implementing Fraud Prevention Strategies : This involves creating comprehensive strategies to prevent fraud, including the use of advanced analytics, machine learning models, and real-time monitoring systems to improve the bank's defences.
• Regulatory Compliance and Risk Management : Ensuring that all fraud detection and prevention activities comply with relevant laws and regulations. This includes working closely with legal and compliance teams to manage risk and ensure that the bank's practices are in line with industry standards.
• Cross-Functional Collaboration and Leadership : Leading a team of fraud analysts and collaborating with other departments such as IT, legal, and customer service to ensure a coordinated approach to fraud management. This also involves communicating effectively with senior management and stakeholders to align fraud prevention efforts with the bank's overall strategic goals.

Operational Responsibilities :

1. Reporting & Data Insights

2. Fraud Rules & Model Management

3. Analytics & Stakeholder Engagement

4. Governance & Continuous Improvement

Qualifications

What you will bring :

Additional Information

Competencies :

Seniority level

Seniority level

Mid-Senior level

Employment type

Employment type

Full-time

Job function

Job function

Other

Industries

Banking

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