Specialist - Internal Audit & Fraud Investigation (Emirati Talent)
Full time
na Commercial Bank International
no
UAE
Publicado em February 5, 2025
Detalhes do emprego
Specialist - Internal Audit & Fraud Investigation (Emirati Talent)
Get AI-powered advice on this job and more exclusive features. Direct message the job poster from Commercial Bank International. Responsibilities:- Support the AVP Internal Audit and Fraud Investigation in the end-to-end processes of fraud examination and investigation from inception to disposition, including evaluating allegations and suspicious incidents detected through examination processes or captured through whistleblowing, Fraud Risk Management Unit, Internal Audit, or other sources.
- Assist AVP Internal Audit and Fraud Investigation in preparing the annual audit plan for the year.
- Perform fieldwork in the context of engagement planning and scope work agreed with the Line Manager, under supervision of team leaders, according to IA standards and within an agreed time frame.
- Perform other special assignments, investigations, policy and standard operating procedures review, and other administrative assignments as requested by Audit Management.
- Audit observations are clearly presented in a draft Audit Report to be discussed internally with team leaders and Audited Department’s management, and agreed upon action plan target dates before the final draft is presented to the HIA for final review and release.
- Document all fieldwork procedures clearly with Audit Working Papers and supporting documents, saved and filed in the related IA shared folder and Teammate system.
- Support the AVP Internal Audit and Fraud Investigation in maintaining standards for fraud monitoring, detection, case management, investigating, and reporting at CBI.
- Integrate, manage, and collate all fraud-related data across all activities and products within CBI.
- Analyze fraud data and provide end-to-end consolidated MI reporting for all Fraud Reporting matters.
- Flag any potential critical High-Risk trends from the analytics process, report such instances to the AVP Internal Audit and Fraud Investigation, and provide general guidance on proposed action plans.
- Recommend preventive measures and new tools/software to improve fraud detection, prevention, investigation, and reporting activities in collaboration with Fraud Risk Management.
- Recommend improvements to the MI outputs of various banking systems within CBI to facilitate early identification of fraudulent activity in line with the Prevention strategy.
- Validate and ensure that internal and external stakeholders provide accurate and sustainable MI.
- Interact with business and Risk Management functions involving all Fraud Risk related reporting, Key Risk scenarios, and Fraud risk event reporting.
- Engage with external partners such as law enforcement agencies, regulatory bodies, CBUAE, vendors, and banks to validate information regarding fraudulent activities.
- Conduct conformance testing as per the unit’s plan and report results in accordance with the approved SOP.
- Maintain a tracker of all investigation results to closure stage, including any remediation activities undertaken by business units in respect of fraud-related control failures and/or policy breaches identified during investigations, conformance reviews, or any other detection method.
- Recommend amendments to policies and SOPs where necessary to improve counteraction of Fraud Risk.
- Participate in investigations internally within CBI and externally as required, in accordance with the Investigations Standard Operating Procedure.
- Accountable for preparing investigation reports in accordance with the SOP under the direction of Audit & Fraud Investigation Management.
- Flag any potential or existing critical High-Risk trends or control failures from investigative activity and report to Audit & Fraud Investigation Management.
- Assist the AVP’s annual risk analysis to formulate a risk-based audit plan for Business, Controls, and Support audit activities, establishing priorities for proper risk coverage.
- Evaluate risks and internal control processes related to operations activities to ensure division’s mandate and business goals are met and that professional standards are maintained.
- Plan individual audit assignments in coordination with and under supervision of team leaders to ensure that professional standards are maintained.
- Ensure timely completion and prompt reporting of audit assignments to the Head of Internal Audit and Senior Management.
- Audit observations are clearly presented in a draft Audit Report, with proper root-cause analysis, clear identification of actual and potential risks, and logical recommendations to mitigate identified risks.
- Perform any other tasks delegated by the line manager.
- Intricate knowledge of overall banking operations and processes.
- Analysis and planning skills.
- Negotiation and convincing skills.
- Leadership and organizing skills.
- Interpersonal/communication skills.
- Proficient in Microsoft Excel, PowerPoint, Word, and bank systems.
Apply safely
To stay safe in your job search, information on common scams and to get free expert advice, we recommend that you visit SAFERjobs, a non-profit, joint industry and law enforcement organization working to combat job scams.
