Senior Officer, Fraud Prevention - Risk Department

<div><h3>Job Purpose</h3><ul><li>Implement fraud prevention strategies and policies.</li><li>Adequate fraud monitoring to prevent and mitigate incidence of both Internal&External Frauds, with a view to enhance controls.</li><li>Developing an anti-fraud culture by conducting fraud awareness programs.</li><li>Assist in investigations relating to incidences of actual, attempted or suspected fraud, and all instances of major control breaches.</li><li>Prevent, deter, detect and investigate acts of fraud committed against the bank or its customers including internal fraud.</li></ul><h3>Principal Accountabilities</h3><ul><li>Analyze and monitor applications/ transactions for signs of fraudulent activity and conduct analysis on suspicious transactions and activities.</li><li>Prepare detailed reports on fraud incidents and findings, alongside staying updated with the latest trends and techniques in fraud prevention.</li><li>Review and recommend enhancements to the existing controls to prevent/ detect fraud.</li><li>Utilize data analytics and software tools to identify potential threats.</li><li>Impart training to the bank staff employees on fraud detection and prevention techniques.</li><li>Proactively assists in the oversight of a Fraud Risk Management Program using data extraction, data analytics and management reporting.</li><li>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.</li><li>Ensure confidentiality of all information collected during the fraud risk management unit (FRMU) analysis.</li><li>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.</li><li>Conduct analysis on the routine checks for the external and internal referrals and monitor the implementation of recommendations.</li><li>Conduct sample review of customer applications from sourcing to disbursement for all products.</li><li>Implement and automate current fraud prevention processes.</li></ul><h3>Job Requirements (Qualification/Experience)</h3><ul><li>Bachelor's degree from a recognized institution</li><li>Professional certifications (e.g., CFE, CISA, CISM) are an advantage</li><li>10+ years of banking experience in Fraud Risk Management</li><li>Understanding concepts of fraud prevention/ detection as part of risk management in banks</li><li>This vacancy will be on a second party contract</li></ul></div>#J-18808-Ljbffr