Job Description
Job Detail
overview
Our client in the banking sector is seeking to recruit for the post of Fraud Risk Specialist who will be responsible for analyzing account activity utilizing various fraud tools to
detect and prevent fraudulent activity in the bank’s core activities. Identifies and escalates, any suspected, alleged or known internal and external fraud investigations against the bank and its customers.
The incumbent is required to have a full understanding of the guidelines, Best practice and standards with regards to the Fraud Risk Management, risk tools / methods used for managing these areas and supporting the Fraud Risk- Management Integrated Framework.
Responsibilities:
Asist in the oversight of a proactive Fraud Risk Management Program using data extraction, data analytics and management reporting.
Solid understanding of fraud risks, and risk management processes in order to identify and monitor fraud risks within the organization.
Contribute to the development and implementation of Fraud Risk processes, tools, policies, standards, and procedures in alignment with the Enterprise Risk Framework Program.
Analyze activity to detect and prevent fraudulent activity based on reports, alerts, or notifications from third parties requesting assistance.
Analyze potential check and deposit fraud, debit/credit card, and checking irregularities, including returned deposited items, wire and Account activity, check kiting, new account fraud activity, commercial and consumer loan fraud, and any other suspicious activities.
Oversee and perform investigations regarding actual and suspected fraud activities, providing oversight and appropriate resolution to the business units.
Prepare in-depth fraud case investigation narratives, which support; Suspicious Incident.
Collaborate with Operational Risk Management team to comprehend, develop, and perform Key Risk Indicators reporting.
Prepare and Analyze internal and external fraud loss data reporting to monitor risk management activities associated with significant losses.
Risk assesses the effectiveness of antifraud programs and controls in place.
Maintain awareness of key process changes, system changes, organization or governance structure, and key outsourcing arrangements/vendor exposure and how they impact operational risk management.
Prepare monthly/quarterly management reports of all activities, including averted and sustained losses, and recovered monies.
Adhere to all regulatory filing timelines.
Follow policies and procedures, complete tasks correctly and on time, and support the bank’s goals and values.
Other duties as may be directed specific to Fraud Risk Management Framework.
what you need to know
Profiles:
Degree in Finance, Banking or any other related professional qualification.
Minimum of 5 to 7 years Banking/Finance industry experience.
Minimum of 3 to 4 years in experience of direct work experience in Fraud prevention or investigation in the Banking industry.
CFE or any other accredited Fraud Certification would be definite advantage.
Strong analytical and conceptual aptitudes.
Experience in the Banking/Finance sector.
Strong knowledge of Bank administration, lending and operations products and services; related and laws and regulations, and other Banking operational policies and procedures.
Excellent written and verbal communication with ability to create clear and concise summary documents of on-going investigations, and provide detailed instructions to team members.
Ability to analyze complex situations and provide guidance, makes recommendations, and/or escalates arising issues timely.
Strong organization skills and ability to handle multiple projects efficiently in order to ensure projects are completed timely.
Able to interact and communicate effectively with all management levels to assess business needs in a professional manner.
Strong proficiency with MS Office Suite required (MS Word, MS Excel, and MS PowerPoint).
Ability to make informal and formal presentations, inside and outside the organization; speaking before assigned team or other groups as needed.
Ability to deal with complex difficult problems involving multiple facets and variables in nonstandardized situations.
Ability to work with little to no supervision while performing duties.
CV Form
Job information
Job Reference:
2331-FRS-ARL
Published Date:
5 August