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Fraud Investigator
Fraud Investigator
Fraud Investigator
Posted 6 months ago
- London, Greater London
- Any
- External
Job Description
iFAST Global Bank (iGB) is a licensed bank in the United Kingdom that aspires to provide global banking connectivity to customers, corporates and financial institutions around the world. We are currently looking for a Fraud Investigator located in London.
The role will entail:
Investigating and actioning fraud reports received from other financial institutions
Investigating and reporting fraud to other banks when our customers have been a victim of fraud
Submitting of reports to Action Fraud in a timely manner
Assessing whether a Suspicious Activity Report (SAR) is required to be submitted and filing of an internal SAR when necessary
Reviewing of cases escalated from the 1st Line of Defence in relation to Fraud and taking the necessary action
Providing the necessary guidance and training to the 1st Line of Defence
Assisting with continuous improvement ideas on processes and systems
Input into the on-going enhancements of Bank's Transaction Monitoring Rules relating to Fraud
Playing a key part in the development of the Bank's Fraud Framework
Playing a key part in the development of the Bank's Fraud handling procedures
Playing a key part in preparing the Bank to be ready for the upcoming PSR reimbursement requirement coming into force on 7 October 2024
Identifying new Fraud typologies and recommending mitigants to reduce the level of risk posed by these
Preparation of Management Information
Preparation of presentations on behalf of the Risk & Compliance team for executive committees
Working and maintaining close relationships with the wider team, regional hub, and Business Units
Support other members of the team in carrying out their assigned roles ensuring continuity within the team in cases of absence and increased workload
Keep up to date with prevailing rules and regulations as they are introduced by relevant regulatory bodies and non-governmental organisations from time to time
Support the filing of regulatory returns as and when required
Represent the Compliance function on projects/initiatives where either financial crime or wider compliance participation is required
Requirements
EXPERIENCE
Between 3 to 7 years Fraud Investigation experience within the industry ideally within a Bank.
EDUCATION & TRAINING
Ideal but not a prerequisite, compliance and/or financial crime related certificate/diploma.
Skills
High standard of accuracy and attention to detail
Strong analytical skills
Excellent communicator
Problem solving skills
Strict work ethics
Strong written skills
Microsoft Word, Excel, and PowerPoint (must)
INDEPENDENT ACTION & DECISION MAKING
The successful candidate must be able to demonstrate that they are able to make decisions independently with rationale and take actions.
Benefits
25 days annual leave entitlement
Pension scheme, 4% employer contribution
Private Medical Insurance
60-40 Hybrid working after successful probation period
iFAST Global Bank (iGB) is a licensed bank in the United Kingdom that aspires to provide global banking connectivity to customers, corporates and financial institutions around the world. We are currently looking for a Fraud Investigator located in London.
The role will entail:
Investigating and actioning fraud reports received from other financial institutions
Investigating and reporting fraud to other banks when our customers have been a victim of fraud
Submitting of reports to Action Fraud in a timely manner
Assessing whether a Suspicious Activity Report (SAR) is required to be submitted and filing of an internal SAR when necessary
Reviewing of cases escalated from the 1st Line of Defence in relation to Fraud and taking the necessary action
Providing the necessary guidance and training to the 1st Line of Defence
Assisting with continuous improvement ideas on processes and systems
Input into the on-going enhancements of Bank's Transaction Monitoring Rules relating to Fraud
Playing a key part in the development of the Bank's Fraud Framework
Playing a key part in the development of the Bank's Fraud handling procedures
Playing a key part in preparing the Bank to be ready for the upcoming PSR reimbursement requirement coming into force on 7 October 2024
Identifying new Fraud typologies and recommending mitigants to reduce the level of risk posed by these
Preparation of Management Information
Preparation of presentations on behalf of the Risk & Compliance team for executive committees
Working and maintaining close relationships with the wider team, regional hub, and Business Units
Support other members of the team in carrying out their assigned roles ensuring continuity within the team in cases of absence and increased workload
Keep up to date with prevailing rules and regulations as they are introduced by relevant regulatory bodies and non-governmental organisations from time to time
Support the filing of regulatory returns as and when required
Represent the Compliance function on projects/initiatives where either financial crime or wider compliance participation is required
Requirements
EXPERIENCE
Between 3 to 7 years Fraud Investigation experience within the industry ideally within a Bank.
EDUCATION & TRAINING
Ideal but not a prerequisite, compliance and/or financial crime related certificate/diploma.
Skills
High standard of accuracy and attention to detail
Strong analytical skills
Excellent communicator
Problem solving skills
Strict work ethics
Strong written skills
Microsoft Word, Excel, and PowerPoint (must)
INDEPENDENT ACTION & DECISION MAKING
The successful candidate must be able to demonstrate that they are able to make decisions independently with rationale and take actions.
Benefits
25 days annual leave entitlement
Pension scheme, 4% employer contribution
Private Medical Insurance
60-40 Hybrid working after successful probation period