Fraud Analyst - 6 month contract
A leading banking institution wish to recruit a Fraud Investigator to monitor, process and manage fraud alerts for all products.
Ensure incidents are recorded in the Incident Management System and reviewed and analysed.
When fraud is detected, ensure that the account/application is immediately "blocked" or declined preventing further fraudulent activity.
Complete a detailed examination of all suspect cases ensuring appropriate actions are taken i.e. confirmed fraudulent transactions are processed correctly, fraud case files created, loadings are made to CIFAS ect.
Pro-actively handle sensitive and complex non-standard queries/ situations; including dealing with 3rd parties (i.e. Law Enforcement Agencies, other financial institutions) to ensure the correct and satisfactory outcome.
To pro-actively monitor and identify suspicious trends and patterns, suggesting preventative actions and improvements to current procedures, policies and systems.
Develop and maintain a wide network of industry contacts (CIFAS, UK Finance, Finacial Fraud Bureau, Financial Institutions, VISA Scheme, merchants, acquirers and issuers).
Conduct root cause analysis on confirmed fraud cases to identity gaps in the current process.
Responsible for managing fraud alerts generated through our fraud detection systems completing end to end investigation.
No less than 2-3 years Fraud/investigation experience from a bank.
Good working knowledge of banking industry developments including legislative change and industry developments.
Technical knowledge of fraud, risk and assurance models.
- Risk Assessments
- Fraud Detection
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