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 plus 8 bank holidays
- Pension scheme, 4% employer contribution
- Private Medical Insurance
- 60-40 Hybrid working after successful probation period
- Free gym access in the building
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