Job Description

Responsibilities:

Fraud Detection and Analysis

Monitoring accounts and transactions for suspicious activity using various tools and systems. Analysing fraud alerts and reports to identify potential fraud patterns and trends. Investigating fraud cases, gathering evidence and documenting findings by collaborating with outsourced service provider if necessary.

Investigation and Resolution

Conducting in-depth investigations of suspected fraudulent activities and escalate cases accordingly. Interviewing customers, employees, and other relevant parties. Collaborating with law enforcement agencies and other internal teams (e.g., legal, compliance, ITD). Participate in Fidrec adjudication, when necessary.

Fraud Prevention

Developing and implementing fraud prevention strategies and controls. Educating customers, staff, and the public on fraud risks and prevention techniques. Recommending improvements to existing rules in fraud detection system and procedures/processes for operational efficiency and effectiveness.

Reporting and Compliance

Preparing management reports and regulatory reports. Be conversant with relevant laws, regulations, and Bank policies. Staying updated on the latest fraud trends and regulatory changes.

Customer Support

Providing support and guidance to customers who have been victims of fraud. Assisting with account recovery and providing advice on fraud prevention.

Collaboration and Communication

Collaborating with internal stakeholders within the Bank and externally with Regulators/SPF/Anti-Scam Centre/peer banks and fraud risk industry counterparts to share information and coordinate efforts. Communicating effectively with customers, both verbally and in writing.

Requirements:

Qualifications


Degree


Professional Qualification and/or Regulatory, Licensing Requirements


Technical and Regulatory Knowledge, relating to Fraud and Scams


Relevant Work Experience


At least 5-10 years of relevant investigative experience in fraud risk and scam related areas is preferred Strong relationships with Law Enforcement Agencies will be a plus point

Technical/Functional Skills


Familiar with relevant Regulatory Acts/Notices/Advisories Strong analytical skill and eye for detail Good communication and interpersonal skills Independent, versatile and able to perform under pressure Knowledge of Consumer Banking business practices, processes and procedures Proficient in MS Word, Excel, PowerPoint & Fraud systems Analytical skills in data interpretation Investigation skill & reports preparation Visa/MasterCard Rules and Regulations including chargeback process Complaint Management matters on fraud and authorizations areas Proven track record of managing complex investigations with excellent analytical, problem-solving & risk mitigation Strong understanding of changing fraud and scams typologies in the financial industry for Consumer Banking

Personal Skills (Soft Competencies)


Good communication skills, written and spoken with the ability to communicate at all levels * Planning and organizing