Arif Rizwan, CFE, CFCI

Associate Consultant

Dubai, United Arab Emirates9 yrs 10 mos experience

Highly StableAI Enabled

Key Highlights

Over a decade of experience in fraud risk management.
Expert in designing fraud detection strategies.
Proven track record in enhancing payment security.

Stackforce AI infers this person is a Fintech expert specializing in fraud risk management and payment security.

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Skills

Core Skills

Fraud Risk ManagementRisk SolutionsFraud MonitoringFraud PreventionFraud ControlRisk Management

Other Skills

Authorization OptimizationFraud DetectionData-Driven SolutionsVisa Advanced AuthorizationVisa Risk ManagerCyberSource Decision ManagerSQLFICO FalconACI PRMIBM AnalyticsFICO Falcon Rules ExpertKYCAML MonitoringChargebacksArtificial Intelligence (AI)

About

Seasoned fraud risk professional with over a decade of experience across the CEMEA region, specializing in Fraud Control and Authorization Optimization. Experienced in designing and implementing fraud rule strategies for issuing and acquiring clients, while improving authorization performance and navigating complex payment ecosystems. Strong analytical skills with the ability to work closely with cross-functional teams to deliver practical, data-driven risk solutions. Skilled in leading fraud prevention initiatives, enhancing detection efficiency, and strengthening payments security through effective and scalable risk management practices.

Experience

9 yrs 10 mos

Total Experience

3 yrs 6 mos

Average Tenure

2 yrs 9 mos

Current Experience

Visa

Risk Solutions Consultant / Manager

Aug 2023 – Present · 2 yrs 9 mos · Dubai, United Arab Emirates · On-site

Seasoned professional specializing in fraud risk strategy and advisory support for issuing and acquiring banks across the Central Europe, Middle East, and Africa (CEMEA) region. Experienced in deploying and optimizing Visa Protect products, including Visa Advanced Authorization (VAA), Visa Risk Manager (VRM), Visa Consumer Authentication Service (VCAS), CyberSource Decision Manager (DM), Visa Resolve Online (VROL), PaRC, and Visa Direct, to enhance fraud detection, reduce losses, and strengthen overall payment ecosystem resilience.

Fraud ControlAuthorization OptimizationFraud DetectionRisk ManagementData-Driven SolutionsFraud Risk Management+1

Emirates nbd

Fraud Monitoring Operations

Apr 2019 – Aug 2023 · 4 yrs 4 mos · Dubai, United Arab Emirates

Proactively monitor and review rules for credit cards related authorizations and transactions through rule based online fraud monitoring systems such as FICO Falcon Rules Expert, ACI PRM, VAA VRM, MasterCard EMS, 3DS CardinalCommerce VCAS, Diners Global, CA Riskfort, IBM Analytics Cognos BI studio, FIS Fraud Navigator, Way4, Finacle, CA technologies Transfort, MasterCard Ethoca, VisionPlus and Way4 systems.
Collaborate with global merchants focusing on increasing acceptance, reduce fraud rates on CNP and aim to provide frictionless customer experience.
Writing/ Implementing / modifying rules changes in VRM, EMS, diners global and PRM (SQL Query based) systems as per the emerging phishing, vishing, CNP (Card-Not-Present) and POS skimming trends.
Review 1000+ Real Time Decision suspicious transactions on a daily basis triggered by the fraud alert systems and block or freeze the cards / accounts if found to be fraud on 24x7 basis.
Investigate fraud by CPP analysis using card data compromise events using IBM Cognos Analytics, Tableau and take preventive action by reporting to the management, payment schemes and service providers.
Point of emergency contact for UAE Central Bank, Dubai / AD Police inquires related to fraud cases by taking necessary actions / investigations to comply with the compliance authorities circular instructions. Always in coordination with Call Center, Branches, PB, PRB, CDD, EDD Compliance & varied departments across bank to keep abreast of fraud prevention and maintaining compliance standards.

Fraud MonitoringSQLFICO FalconACI PRMIBM AnalyticsFraud Prevention

Deem finance

Fraud control and Authorizations

Jul 2016 – Apr 2019 · 2 yrs 9 mos · Dubai, United Arab Emirates

Monitor and review high risk RTD card transactions, blacklist checks, KYC CDD & EDD alerts, unique or highly complex exceptions generated from the various fraud prevention filters in core system and security exception files.
Enhancing and contributing to strategies, tools, and methodologies to measure, monitor, and report financial risks.
Analyzing credit cards loss data, charge-backs, dispute processing, CPP analysis and recommending / implementing appropriate loss prevention strategies.
Preventing and analysing internal and external documentation fraud, KYC - CDD | EDD checks, Central Bank notifications , AML monitoring, Identity Theft, FLY-by-Night application loans, forgery documents, set-up bank operation financial statements and other finance related frauds.
Researching and analyzing, preparing management reports MIS and make recommendations to senior management.
Ability to carefully assess and make good judgmental decisions with regards to changes in existing fraud rules especially when there is no conclusive data to support the decision.
Detecting and monitoring unusual credit / debit cards spends to prevent fraudulent usage.

Fraud ControlRisk ManagementKYCAML Monitoring