Senior Officer, Fraud Prevention - Risk Department

Job PurposeImplement 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 AccountabilitiesAnalyze 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 institutionProfessional certifications (e.g., CFE, CISA, CISM) are an advantage10+ years of banking experience in Fraud Risk ManagementUnderstanding concepts of fraud prevention/ detection as part of risk management in banksThis vacancy will be on a second party contract#J-18808-Ljbffr