Associate Manager - Fraud Monitoring

Overview

Associate Manager - Fraud Monitoring at D360 Bank . The role is responsible for monitoring fraud across the bank, mitigating risks and protecting assets. The incumbent will detect unusual and suspicious account activity, financial transactions, and related documents, and analyze data to identify potential fraudulent activity.

Responsibilities

• Implement SAMA’s CFF detection standards.
• Develop clear guidelines to handle various fraud alerts including false positives and positive alerts.
• Comply with the bank’s code of conduct within the fraud monitoring process and uphold high ethical standards.
• Ensure timely clearance of fraud alerts and closures via the appropriate system and escalation channel.
• Analyze fraudulent transaction data and alerts to identify, investigate, and take appropriate action on suspicious activities.
• Provide required reports to the Governance Committee and related stakeholders, with timely reporting to SAMA including corrective actions taken.
• Manage and lead the team to ensure effective fraud monitoring across products and departments.
• Review potential fraud alerts to protect customers and bank assets.
• Document research conducted to support decisions on alerts.
• Perform other duties as assigned by the line manager related to the nature of the work.
• Enforce and comply with controls, information security policies, procedures, and related practices.

Qualifications

About Us

D360 Bank is a shariah-compliant digital bank that aims to provide the best financial experience in the Kingdom. Our Vision is to reinvent finance through innovation and technology, making it convenient, accessible, and fair to all.

About The Team

Joining the D360 Bank Compliance team offers the opportunity to contribute to a vibrant, forward-thinking group committed to integrity and compliance. The department upholds rules and protocols that govern the bank’s operations.

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