QNB Egypt has announced 3 job openings in fraud risk and credit assurance for retail, corporate and small and medium-sized enterprise (SME) banking, based at the bank's headquarters in the New Administrative Capital, with experience and qualification requirements varying by role.
1. Retail Fraud Risk & Credit Assurance Senior Analyst / Analyst
Duties and responsibilities:
Extract and review retail credit facility applications according to set priority criteria.
Analyze loan applications and related documents to detect signs of fraud.
Use data analysis tools and fraud detection software to identify suspicious activity.
Verify applicants' information, including HR letters, bank statements and supporting documents.
Review questionable bank documents, such as account statements and clearance letters, in coordination with the issuing banks.
Examine customer documents, including apartment contracts for mortgage finance and price quotations for car loans, to detect any possible manipulation or forgery.
Analyze account movements and financial transactions and review related documents and parties to identify suspicious transactions.
Compare customers' credit history with approved facilities and verify that there has been no manipulation of fund flows or credit-granting procedures.
Report potential fraud and violations to the direct manager and coordinate with the relevant departments on the necessary investigations.
Take part in field visits to branches, review customer files and documents, and discuss findings.
Review new customer files before final risk approval or disbursement.
Provide initial recommendations on risks associated with credit programs and products.
Monitor credit activities to ensure compliance with approved policies and procedures.
Review approvals related to payroll companies and employees who have received credit facilities, with a focus on warning signs.
Request original documents for credit customers when needed and ensure compliance with the bank's policies, Central Bank of Egypt (CBE) instructions and applicable laws and regulations.
Requirements and qualifications:
Bachelor's degree in risk management, finance, business administration or a related field.
Analyst: open to fresh graduates.
Senior Analyst: 2 to 4 years of experience in credit and risk, audit or banking operations.
Knowledge of CBE instructions, regulations and risk management policies.
For more details and to apply for the job, click here
2. Corporate Fraud Risk & Credit Assurance Analyst / Senior Analyst
Duties and responsibilities:
Extract approved corporate credit facility files from the various systems and channels according to set priority criteria.
Review documents for customers and their related parties, including shareholders, partners, auditors, work orders, account statements, commercial registers, credit memos and approvals.
Verify that disbursed financing is used in line with credit approvals, and assess the customer's business performance after using the financing based on available data.
Review repayment sources for credit facilities, revolving accounts and dormant accounts.
Monitor the regularity of collections and ensure they are routed to the facility accounts, and review related cheques and transfers against the figures in the financial statements.
Examine account movements, financial transactions and related documents, and review beneficiaries of outgoing transfers, remitters of incoming transfers, cheque endorsements and suppliers' commercial registers where available.
Analyze relevant data and information to detect inconsistencies or incorrect information.
Compare companies' credit history with approved facilities, and assess the impact of disbursements on account activity and the business cycle.
Identify suspicious transactions and escalate them to the direct manager for further investigation.
Immediately report material incidents discovered during branch visits, including fraud or suspected employee involvement.
Identify suspicious auditors or customer networks and any abnormal behavioral patterns, and report them to the responsible officials.
Take part in periodic review assignments, branch visits and on-site examination of files and documents.
Review selected batches of credit files on the instructions of the bank's management or sector heads, and escalate suspicious cases.
Discuss findings with branches and hold closing meetings with group heads, corporate officers or branch managers, depending on the scope of the review assignment.
Review new corporate files before final risk approval or disbursement to detect any possible violations or fraudulent activity.
Provide initial recommendations to mitigate risks and address findings, such as replacing blacklisted auditors, excluding fictitious suppliers, obtaining updated declarations and conducting field visits.
Monitor credit activities and ensure the application of permanent supervision, compliance, anti-money laundering and operational risk management policies.
Ensure compliance with local laws, internal regulations, international standards, CBE instructions and credit risk policies.
Requirements and qualifications:
Bachelor's degree in business administration or commerce.
A credit training course is preferred.
Analyst: at least 2 years of experience in credit.
Senior Analyst: at least 4 years of experience in credit.
For more details and to apply for the job, click here
3. SMEs Fraud Risk & Credit Assurance Senior Analyst / Analyst
Duties and responsibilities:
Extract approved SME credit facility files according to set priority criteria.
Review available customer documents, including legal documents, auditors' documents, work orders, credit memos and approvals, to detect questionable documents and refer them to the investigation team after discussing them with the responsible official.
Verify that disbursed financing is used in line with credit approvals, and assess the customer's business performance after using the financing.
Review repayment sources for credit facilities, revolving accounts and dormant accounts.
Monitor the regularity of collections and ensure they are routed to the facility accounts, and review cheques and transfers and compare collections with the figures in the financial statements.
Examine account movements, financial transactions and related documents to detect suspicious transactions.
Analyze data to detect inconsistencies or incorrect information, and compare credit history with approved facilities.
Assess the impact of disbursements on customers' account activity and companies' business cycles.
Report potential fraud or suspected employee involvement found during branch visits to the responsible official.
Identify suspicious auditors and customers and abnormal behavioral patterns, and refer them to the relevant department.
Take part in periodic review assignments, branch visits and on-site examination of credit files and documents.
Review the files of selected customer groups on the instructions of the bank's management or business sector heads, and escalate suspicious cases.
Discuss findings with branches and hold closing meetings with officials, depending on the scope of the review assignment.
Review new customer files before final risk approval or disbursement to detect any possible violations or fraudulent activity.
Provide initial recommendations to mitigate risks and address findings, including replacing blacklisted auditors, excluding fictitious suppliers, obtaining updated declarations and conducting field visits.
Monitor SME credit activities to ensure risks are contained and bank policies are followed.
Ensure the application of credit risk policies, internal procedures, CBE instructions, local laws and regulations, and international standards.
Ensure proper application of the permanent supervision system, compliance procedures and operational risk management.
Requirements and qualifications:
Bachelor's degree in business administration or commerce.
A specialized certificate in SME lending.
Analyst: at least 2 years of experience in credit.
Senior Analyst: at least 4 years of experience in credit.
For more details and to apply for the job, click here
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