Fraud Risk Specialist

MAIN DUTIES & RESPONSIBILITIES

• Ensure that fraud risk and control self-assessments reflect the risk profile of the businesses, current and comprehensive, whilst analyzing fraud incidents, issues and related uplift initiatives across the Group.
• Help support and provide oversight and challenge of the Business’ completion of relevant fraud and financial crime risk assessment activity both from an enterprise-wide, product and process perspective. 
• Provide subject matter expertise on fraud and financial crime-related threats, risks and issues both to internal stakeholders within the Business and as required, across government.
• Excellent knowledge of risk operations and compliance processes and ensuring the management of these within a regulated financial services environment.
• Review and draft related policies, annual plans, and operating or working procedures/manuals to ensure alignment between 1LoD and 2LoD.
• Working with key stakeholders to build the Fraud prevention/investigation procedures and establish audit trails for suspicious/irregular activities.
• Assist with the creation of an environment that discourages fraudulent activities.
• Working with key stakeholders to ensure detailed investigations are performed in instances of fraudulent activity, ensuring that all possible measures are pursued to apprehend fraudulent perpetrators and protect the Group.
• Manage the preparation and presentation of Fraud Awareness Training, ensuring adequate information is articulated to minimize fraudulent activity.
• Conduct fraud assessments of various processes and systems and recommend changes based on information gleaned from ongoing reviews/investigations.
• Ensure that strategic initiatives (business and system) are thoroughly evaluated with specific projects designed and monitored to support the fulfillment of such goals.
• Developing and ensuring robust internal controls, employing investigative techniques, and ensuring compliance with relevant legislation and best practices across the Group.
• Assist with probing allegations of fraud, involving employees, and addressing irregularities and red flags identified by Internal Audit and Compliance.
• Developing and ensuring robust internal controls, employing investigative techniques, and ensuring compliance with relevant legislation and best practices.
• Document all investigative activities and assist consultants with interviewing witnesses or suspects and taking statements.

Coordinate with law enforcement officers and attorneys.

• Work with stakeholders to conduct in-depth investigations into suspicious financial activities, such as money laundering.
• Design, implement and maintain fraud detection tools
• Analyze financial data to detect irregularities and evaluate business operations to identify fraud risk areas
• Complete all investigations within SLA and prepare and present written reports of investigation findings
• Respond to inquiries from business units regarding fraud risk management issues and recommend actions in fraud cases
• Work with key stakeholders to negotiate the recovery of losses due to fraud.
• Where required, interact with external partners to validate information and check fraudulent activities
• Help with resolving customer issues within the scope of existing service-level agreements
• Ensuring the completeness of documentation/files to support investigations.
• Train others in fraud detection and prevention techniques
• Conduct field surveillance to gather relevant fraud information
• Support consultants and attorneys with court appearances and testify in court regarding investigation findings as may be required.

QUALIFICATIONS AND EXPERIENCE