Head of Compliance and Control

3 days ago


Muscat, Muscat, Oman ahlibank Full time
Role Overview

The Head of Operational and Fraud Risk Management is accountable for leading the operational and fraud risk management unit at ahlibank. This strategic position demands exceptional leadership skills, substantial experience in operational and fraud risk management, and the capability to conduct intricate investigations.

Primary Responsibilities
  • Operational Risk Governance:
  • Develop and implement an effective Operational Risk Management framework to identify, assess, and mitigate operational risks.
  • Establish Key Risk Indicators (KRIs) to monitor and measure operational risk exposure.
  • Drive business continuity planning and crisis management efforts to minimize disruption to bank operations.
  • Fraud Detection and Prevention Strategy:
  • Design and implement proactive measures to detect and prevent fraud, leveraging advanced detection tools and techniques.
  • Analyze and report on fraud cases detected and the resulting cost savings.
  • Enhance fraud prevention controls and awareness programs to achieve sustained reductions in fraud incidents.
  • Investigation Process Improvement:
  • Optimize fraud investigation processes to reduce average investigation time and increase closure rates.
  • Refine investigation methods and tools used to identify and verify fraudulent activity.
  • Risk Management Framework:
  • Conduct comprehensive risk assessments to identify and address operational and fraud risk exposures.
  • Oversee the implementation of risk mitigation measures and track their effectiveness in reducing risk.
  • Maintain regulatory compliance in operational and fraud risk management.
  • Leadership and Team Development:
  • Develop and manage a high-performing operational and fraud risk management team.
  • Provide training and development opportunities to enhance team skills and knowledge.
  • Mentor team members to ensure they meet performance standards and goals.
  • Reporting and Communication:
  • Deliver timely and accurate investigation and risk reports to stakeholders.
  • Maintain accurate records and documentation for all operational and fraud risk management activities.
  • Communicate effectively with stakeholders to ensure clear understanding of risk management initiatives and outcomes.

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