Executive Manager Fraud Risk Management

Job Details:

    • Safeguard the reputation and financial viability of MMBL through effective Fraud Risk Management by strengthening MMBL internal controls as well as established effective reporting mechanism.
    • To apply the principles of sound risk management for fraud prevention, deterring, detection and reporting under board approved risk appetite and ensure that adequate controls are applied consistently and clearly throughout MMBL.
    • Develop and integrate organization-wide policies and procedures governing FRM to meet current regulatory requirements and best market practices and to disseminate the approved policies to the staff.
    • Conduct fraud investigations, partner with various stakeholders including fraud management team, liaison with relevant stakeholders, minimizing losses from internal fraud and misconduct, improving internal controls and transparency for the management.
    • Ensure to identify and implement digital fraud risk controls through risk assessment exercise, and implementation of fraud controls and measuring the effectiveness of these controls and regular reporting to management committees.
    • JOB PURPOSE
    • • Safeguard the reputation and financial viability of MMBL through effective Fraud Risk Management by strengthening MMBL internal controls as well as established effective reporting mechanism as required under SBP Circulars.
    • • To apply the principles of sound risk management for fraud prevention, deterring, detection and reporting under board approved risk appetite and ensure that adequate controls are applied consistently and clearly throughout MMBL.
    • RESPONSISBILITIES
    • General
    • • Develop and integrate organization-wide policy and procedures governing fraud risk management operations to meet current industry regulatory requirements and best market practices.
    • • Keep up to date with rules, regulations, laws and industry that have an impact on fraud risk management domain.
    • • Manage relationship with business partner/s engaged by MMBL for undertaking tasks related to FRM.
    • • Strive for high ethical standard and promotes a good fraud awareness culture within organization through regular training.
    • • Perform gap analysis based on investigations, recommend appropriate detective and preventive controls for managing/mitigating risk of fraud.
    • • To promote awareness for fraud risk across MMBL and to ensure minimizing potential financial, reputational and operational risks arising from legal and regulatory non-compliance while ensuring all employee adhere to the policy
    • • Perform follow up actions against observations highlighted by auditors.
    • • Support Head Fraud Risk for management of FRM.
    • Fraud Incident Reporting to SBP, Management and Board
    • • Ensure timely periodic and urgent reporting of data to SBP.
    • • Prepare information required as part of reporting to management and board.
    • • Perform annual review of frauds for submission to board.
    • Management Digital Frauds
    • • Improvising and implementing analytical tools and Enterprise Fraud Risk Management System and other technologies for detecting, preventing, and investigating internal or external fraud, risk-based rules through machine learning and deep neural network algorithms, which enable the system to learn from the data to achieve and refine recognition of patterns, trends, and relationships.
    • • Ensure all digital banking fraud incidents are reviewed/investigated and closed in a timely manner.
    • • Recommend preventive/ detective controls to curtail digital frauds. Collaborate and support stakeholders in development/deployment of fraud prevention/ detection controls.
    • • Produce reports or presentations that outline findings, explain risk positions, or recommend changes.
    • Field Investigation
    • • Investigations of fraudulent cases.
    • • Provide support to subordinates in planning and execution of investigations.
    • • Perform quality review of fraud reports.
    • Fraud risk Liaison with LEAs
    • • Provide support pertaining to any enquiry or order received from the relevant competent authorities, including LEAs and FMU for supply of information and records as per law.
    • • Manage requisitions/ requirements of Law Enforcement Agencies and relevant government entities with regards to frauds.
    • Monitoring and Analysis
    • • Manage case/ complaint management portals and manage timely closure of tagged cases.
    • • Conduct fraud risk portfolio assessments and fraud control reviews for services, products and procedures.
    • • Manage on-going monitoring and alert generation mechanism to assess and evaluate abnormal, out of pattern and suspicious transaction through systems
    • • Conduct entity level Fraud Risk Assessment including emerging risks while considering the results of significant reported incidents of financial crimes that have probability of posing fraud risks to MMBL to ensure the effectiveness of existing controls.
    • Job Requirement
    • • Hold a Bachelor’s degree from a reputable Institution
    • • Have 6 - 8 years of relevant experience
    • Essential Skills
    • • Proficient in MS Office
    • • Strong analytical skills
    • • Time and team management
    • • Negotiation skills
    • • Ability to work under pressure
    • • Implementation of Fraud Risk Management Program
    • • Investigation planning, execution and closure.
    • • Problem-solving
    • • Critical thinking
    • • Decision-making
    • • Adaptability
    • • Conflict management
    • • Creativity
    • • Resourcefulness
    • • Persuasion
    • • Openness to criticism
    • Desired Skills
    • • Excellent Report writing & presentation skills.
    • • Sound communication and interpersonal skills
    • • Thorough understanding of compliance and regulatory requirements for bank

Job Locations:

  • Head Office

About MMBL:

Mobilink Microfinance Bank Ltd. is providing banking services to over 42 million registered users including 16+ million monthly active customers across Pakistan. With a hybrid model that combines traditional microfinance with mobile/digital banking technologies, the bank now operates with over 100 branches and 200,000 branchless banking agents and provides a USSD (GSM) based digital channel offering savings, micro enterprise (MSME) loans, small housing loans, remittances, collection (utility bills and loan installments), mobile wallets, insurance, G2P, B2B & B2P payments; thus, playing a leading role in the promotion of financial inclusion. MMBL is committed to fostering a positive and productive workplace, and our core values reflect this focus. These values include promoting innovation and entrepreneurship, encouraging teamwork and collaboration, and prioritizing a customer-centric approach in all aspects of our business.

Why Join MMBL ?

This is an opportunity for someone who is passionate about making a difference and playing a key role in driving transformative change. Our team is committed to empowering millions with the tools necessary to succeed in the digital age, and we're looking for a talented individual to join us in this endeavor.

Short Description
  • Job Type:

    Permanent
  • Positions:

    1
  • Posted On:

    Jun 11, 2024
  • Last Date:

    Jul 18, 2024
  • Grade:

    VP
  • Department:

    Regulatory Compliance