Senior Officer, Fraud Prevention - Risk Department

Job Purpose:

• Implement fraud prevention strategies and policies.
• Adequate fraud monitoring to prevent and mitigate incidence of both Internal & External Frauds, with a view to enhance controls.
• Developing an anti-fraud culture by conducting fraud awareness programs.
• Assist in investigations relating to incidences of actual, attempted or suspected fraud, and all instances of major control breaches.
• Prevent, deter, detect and investigate acts of fraud committed against the bank or its customers including internal fraud.

Principal Accountabilities :

• Analyze and monitor applications/ transactions for signs of fraudulent activity and conduct analysis on suspicious transactions and activities.
• Prepare detailed reports on fraud incidents and findings, alongside staying updated with the latest trends and techniques in fraud prevention.
• Review and recommend enhancements to the existing controls to prevent/ detect fraud.
• Utilize data analytics and software tools to identify potential threats.
• Impart training to the bank staff employees on fraud detection and prevention techniques.
• Proactively assists in the oversight of a Fraud Risk Management Program using data extraction, data analytics and management reporting.
• Detect and prevent fraudulent activity based on reports, alerts, or notifications from third parties requesting assistance. Maintain detailed records of fraud cases and investigations through a tracker which is updated periodically.
• Ensure confidentiality of all information collected during the fraud risk management unit (FRMU) analysis.
• Ensure Special Assets Management (SAM), Legal, law enforcement officials and Insurance companies are provided with required information from time-to-time to facilitate faster resolution/recovery of the case.
• Conduct analysis on the routine checks for the external and internal referrals and monitor the implementation of recommendations.
• Conduct sample review of customer applications from sourcing to disbursement for all products.
• Implement and automate current fraud prevention processes.

Job Requirements (Qualification/Experience) :

• Bachelor's degree from a recognized institution
• Professional certifications (e.g., CFE, CISA, CISM) are an advantage
• 10+ years of banking experience in Fraud Risk Management
• Understanding concepts of fraud prevention/ detection as part of risk management in banks
• This vacancy will be on a second party contract