Zong CMPak Ltd Jobs Senior Executive Risk Management (PayMax ECCL) | Risk
Job Title: Senior Executive Risk Management
Department: Risk
Reporting to: Sr. Manager Risk
Location: Islamabad
Last date: Mar 15th, 2022
Job Purpose:
A self-driven and self-motivated individual who could manage daily activities related to Risk and fraud management also support in AML / CFT tasks for Mobile Financial Services.
Job Responsibilities:
Fraud Risk Management
- Monitoring unusual transactions, taking appropriate actions and reporting to senior management.
- Investigate the fraud cases and provide regular reporting / trends to the senior management.
- Ensure investigations are conducted at a high standard in an efficient and effective manner.
- Ensure coordination of appropriate Fraud Investigation activities through agreed structures to ensure appropriate and timely initial responses to Fraud incidents / events and longer term remediation efforts to reduce likelihood / impact by ensuring the implementation of relevant control / process enhancements.
- Create a strong control environment to detect, prevent and implement the fraud control activities as well as monitoring activities.
- Ensure that anti-fraud policy & procedures are adequately implemented for preventing, detecting & deter fraud(s). Ensure timely fraud & forgery reporting to all internal/external stakeholders / regulator as per defined timelines.
- Provide appropriate and regular assurance reporting and awareness of new trends in relation to Fraud Risk to Senior Management
- Monitor existing fraud strategies for detection trends and false positive rates, explain variance and provide remedial actions
- Identify opportunities to improve Anti-Fraud controls and reduce impact / likelihood of Fraud risk.
- Assess emerging Fraud risks, including those related to new products or significant processes.
- Ensure compliance on all fraud risk reporting requirements both internal and external; and Reporting of fraud incidents /
- Suspicious Transactions reporting to SBP and other regulators.
- Coordinate with Internal Audit on internal and/ or external fraud investigations and liaison with security agencies.
Operational and Business Risk Management ·
- Use risk management/system and processes tools to analyze current risks and identifying potential risks across all functions and departments of the EMI Company.
- Analyzes business processes and controls to identify and assess risk, controls, efficiency, and compliance opportunities.
- Advises on tools and solutions to facilitate risk management and compliance and develops and maintains comprehensive records and reports of associated activities.
- Ensure the risks are treated as per defined policy and updated in the risk register.
- Managing of risks according to product life cycle.
AML / CFT
- To support in monitoring transactions and sanction screening.
Eligibility Criteria (Education, Knowledge, Experience and Skills):
Education:
- Bachelors or Masters in Risk Management. MBA / ACCA from a reputable local or foreign university.
Work Experience:
- Minimum 7 years of experience in a similar capacity.
Skills – Generic:
- Conflict Resolution
- Stakeholder Management
- Escalation Management
- Vendor Management
- Result Oriented
- Self-Motivated
- Decision Making
- Time Management
Skills – Job Specific:
- Must have skills and experience in the digital risk management.
- Must have skills and experience of product development for risk department and analyzing the digital products from Risk and Fraud management point of view.
- Must have skills and experience of internal control of Mobile Financial services & making monthly report for presenting to management / regulators.
- Must have analytical skills and experience of solving complex situation including fraud investigation of various business scenarios related to Mobile Financial services.
- Must have complete understanding of Risk register and product life cycle.
- Must have knowledge of handling AML / CFT risks related to a Digital Financial services.
- Previous experience of Fraud Management System / Artificial intelligent system will give additional points to the candidate.
