Fraud Prevention Lead
6 days ago
This role is responsible for overseeing the detection and prevention of integrity violations within IsDB operations by developing strategies, planning, formulating, reviewing, and assessing fraud and enforcing Anti-corruption Integrity Violation Prevention policies, procedures, and controls.
Key Accountabilities- Policy Development and Implementation: Participate in creating policies and procedures for reporting suspicious transactions/activities, investigating reported transactions/activities, and mechanisms to protect whistleblowers.
- Shariah Compliance and International Best Practices: Contribute to the development of policies and procedures to combat corruption and illicit practices in line with Shariah principles and international best practices.
- Risk Assessment and Mitigation: Identify areas of systemic weakness, vulnerability, and risk of potential external fraud and take necessary steps to address these issues.
- Complaint and Allegations Handling: Receive, review, and follow up on complaints and allegations of integrity violation.
- Investigation and Implementation: Follow up on investigation reports and ensure that recommendations are properly implemented to prevent re-occurrence of irregularities and safeguard assets and image of the Bank.
- Expertise and Technical Support: Provide expertise and technical support to IsDB staff for identifying and minimizing integrity violation risks in IsDB operations and activities, and coordinate with external agencies and entities for prevention of integrity violations.
- Code Enhancement and Review: Enhance and clarify the Code of Conduct of IsDB to ensure independent and objective investigations into allegations of staff misconduct, fraud, corruption, and abuse.
- Reporting and Communication: Prepare standardized and customized reports on integrity-related matters as requested by management.
- Regulatory Awareness and Update: Stay updated on the latest developments, regulations, and leading practices in the field and propose necessary actions.
- Process Improvement and Optimization: Propose and implement process improvements to enhance effectiveness and compliance of related operations.
- Awareness and Training Programmes: Provide advice and training to staff/stakeholders on awareness and implementation of policies, procedures, and internal controls aimed at detecting and deterring corruption and fraud.
- Knowledge Sharing and Seminars: Deliver seminars, workshops, and presentations applying lessons learned from investigations to increase overall integrity awareness within IsDB Group.
- Benchmarking and Collaboration: Benchmark with other multilateral development banks, international institutions, and relevant parties to exchange ideas, practical experience, and insight on addressing fraud, corruption, and abuse within and outside the institution.
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