Corporate Fraud Risk

Narrative Description: Responsible for implementing, lead the assigned plan of Permanent review related to all aspects of permanent review of corporate and large enterprise portfolio over all the bank regions, groups, and branches against fraudulent activities and misbehavior on a risk-based audit approach, and reviewing on all new and existing facilities after booking phase and pre-lending phase to ensure adherence to credit terms, QNB regulations and CBE instructions. Duties &

Responsibilities:
1. Extract approved corporate facilities files from the Workflow system & deferent channels according to the pre-defined priority list and sampling criteria. 2. Review client’s available documents, such as credit-related parties, including shareholders, partners, auditor documents, job orders, bank statements, commercial registers, credit memo, approvals, etc. to detect suspicions documents. 3. Responsible to ensure that disbursed fund utilization matches the facility approval and assess client’s business in terms performance after the utilization according to available data. 4. Review sources of the facility repayments/revolving / dormant accounts. 5. Monitor proceeds regularity ensuring directing to credit to the facility’s A/Cs and check for any complementary cheques or transfers and compare the client’s proceeds with the figures provided in financial statements. 6. Examine account movements through investigating transactions, full set of documents and reviewing the outgoing ACH beneficiaries, incoming ACH ordering party, checks endorsement, suppliers’ commercial registers if available… etc. as well as related parties for any suspected transactions. 7. Identify potential suspected transactions and refer it to the team leader for further investigation. 8. Analyze all relevant information and data to check for any discrepancies and/or inconsistencies and/or fallacious information. 9. Compare relevant credit history with the approved facility. 10. Asses the facility’s fund disbursement and its reflection on clients’ A/Cs movements and company’s cycles 11. Identify any major incident (e.g.: fraud cases, staff involvement.…) during the branches’ visits immediately to the corporate Credit Risk Review Team leader. 12. Identify any suspected auditors, network of suspected clients, complementary behavior and raise it to corporate Fraud Risk & Credit Assurance Team leader. 13. Participate in a regular mission along with visits to branches according to pre-defined priority criteria, discuss issues revealed, onsite investigation for documents and files. 14. Conduct a review mission on selected groups as per bank management / Sector head instructions to review credit files and submit relevant suspected cases to the team leader. 15. Review & discuss all detected observations with the Branch aiming to ensure the non-existence of misconduct or fraudulent issues related to corporate clients. 16. Conduct exit meetings with Group Head/ Head of corporate/ Branch Manager as per mission scope. 17. Review the assigned pre-lending corporate file “New to Bank customers” against any misconduct or fraudulent activities before final risk approval or prior to disbursement stage. 17. Propose initial risk recommendations per each reviewed group / branch, to mitigate the risks of observations and regularize facility accounts such as replacement of backlisted auditors / removing unreal suppliers / obtaining recent ratifications / conducting site visits. 18. Monitor the credit Activities to ensure mitigation within the bank’s corporate commercial scope. 19. Ensure the correct functioning and implementation of the Permanent Supervision, Compliance and Money Laundering, Operational Risk, and Workplace Success Guidelines whenever and wherever possible. 20. Adopt all policies and procedures to guarantee that QNB business is conducted in compliance with Local Laws, Internal rules, and regulations, as well as International Standards

Education:
Bachelor’s degree in business, Administration or Commerce. Credit Course preferrable

Experience:
Minimum of 4 years of Credit experience for the Senior Analyst Minimum of 2 years of Credit experience for the Analyst Working

Conditions:
Based in the New Capital Head Office.