Fraud Investigator in London

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  

• Training and development   

• Free gym access in the building