Epicareer Might not Working Properly
Learn More
Please Turn on your JavaScript

Epicareer might not working properly because your browser javascript is turned off.

What is JavaScript?

JavaScript is like the magic behind making websites interactive. Basically, it makes Epicareer more enjoyable and engaging.
How do i turn this on?
Find tutorial for your browser below :
  1. Make sure the webpage is open.
  2. In the Safari app on your Mac, choose Safari > Preferences, then click Security.
  3. Make sure the Enable JavaScript checkbox is selected.
  4. Click Websites.
  5. On the left, click Content Blockers.
  6. Make sure Off is chosen in the pop-up menu next to the website.
  7. On the left, click Pop-up Windows.
  8. Make sure Allow is chosen in the pop-up menu next to the website.
Visit Site here
  1. Open Chrome on your computer.
  2. Click. then Settings.
  3. Click Privacy and Security.
  4. Click Site settings.
  5. Click JavaScript.
  6. Select Sites can use Javascript.
Visit Site here
  1. If you're running Windows OS, in the Firefox window, click Tools > Options.
  2. Tip: If you're running Mac OS, click the Firefox drop-down list > Preferences.
  3. On the Content tab, click the Enable JavaScript check box.
Visit Site here
  1. Click the "Settings and more" icon at the top right of the Edge browser window.
  2. Click Settings.
  3. From the Settings menu, click Cookies and site permissions.
  4. Scroll down and click on JavaScript.
  5. In the JavaScript window, toggle the slider to "on" or "allowed."
  6. Close the Settings tab.
  7. Refresh the page.
Visit Site here
  1. Go to Settings.
  2. Click Advanced in the left sidebar, and click Privacy & security.
  3. Under Privacy and security, click Site settings.
  4. Click JavaScript.
  5. At the top, turn on or off Allowed (recommended).
Visit Site here
Any Question? Contact us
logo
Jobs or company...

Vice President - Centralised Fraud, Compliance Division

Salary undisclosed
Checking job availability...
Original
Simplified

Company Description

Bank Muamalat is a leading Islamic bank in Malaysia, established in 1999 and governed by the Islamic Financial Services Act 2013. The bank offers a wide range of Islamic financial services to individuals and institutions, from deposit accounts to asset management and financing for various needs. With a network of branches and electronic channels, Bank Muamalat provides comprehensive banking solutions nationwide.

Role Description

This is a full-time on-site role for a Vice President - Centralised Fraud in the Compliance Division at Bank Muamalat located in WP, Kuala Lumpur. The incumbent should have a minimum of 10 years of working experience in the space of fraud investigation, fraud detection and prevention. The role involves overseeing the following:

  • Assist the Board of Directors (“Board”) and Management in managing the fraud risks faced by Bank Muamalat Malaysia Berhad (“BMMB”), including subsidiary units.
  • Ensure BMMB comply with the legal and regulatory requirements, including Islamic Financial Services Act (“IFSA”), Fraud Countermeasures, and other regulatory requirements imposed by regulators and authorities (such as Bank Negara Malaysia, Labuan Financial Services Authority, Securities Commission Malaysia, etc.).
  • Develop and implement comprehensive anti-fraud strategy to protect BMMB and its customers from fraud risks.
  • Manage the operations of Centralised Department.

Anti Fraud Strategy

  • Develop and execute a centralized operational fraud strategy aligned with BMMB’s overall compliance and risk management framework.
  • Lead the development and enhancement of detection, prevention, and response programs for external fraud across all banking channels and products.
  • Ensure regular review and update of relevant Policies, Guidelines and Standard Operating Procedures of Centralised Fraud Department.

Operational Management

  • Oversee the daily operations of the Centralised Fraud Department, including detection, prevention, response, investigation and reporting of external fraud incidents.
  • Ensure timely and effective resolution of fraud cases while minimizing customer impact and operational losses.
  • Coordinate with business units, IT, and external stakeholders to manage and mitigate fraud risks.

Detection and Prevention

  • Implement advanced fraud monitoring technologies and analytics to identify suspicious transactions and activities.
  • Develop and update fraud detection rules, models and parameters in response to evolving fraud trends.
  • Ensure effectiveness of fraud monitoring solutions or/and manual monitoring techniques at all times.
  • Conduct regular assessments of fraud risk exposure and update the fraud risk management accordingly.
  • Act as reference point within and outside BMMB on concerns related to operational of external fraud management.
  • Organize anti-fraud awareness programs and ensure the programs are understand and effectively communicated to all BMMB staff and customers.
  • Ensure accuracy of data of overall fraud operations matters.

Investigation

  • Lead and oversee comprehensive investigations into suspected external fraud incidents and closure to customers are performed within stipulated timeline.
  • Ensure proper documentation and evidence gathering.
  • Collaborate with law enforcement agencies, regulatory bodies, and other financial institutions in fraud investigations and recovery efforts.
  • Ensure comprehensive reports on external fraud incidents, including root cause analysis and recommendations for preventing future occurrences.
  • Conduct post-incident reviews to assess the effectiveness of the fraud operations functions and identify opportunities for improvement in fraud response, prevention and detection strategies.
  • Implement lessons learned from fraud incidents to enhance the bank’s fraud risk management framework and response protocols.

Qualifications

  • Compliance Management and Regulatory Compliance skills
  • Analytical Skills and Finance expertise
  • Experience in Financial Services industry
  • Strong problem-solving and decision-making abilities
  • Excellent communication and interpersonal skills
  • Bachelor's degree in Finance, Business, or related field