Fraud Management Analyst
Salary undisclosed
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The FRAML Analyst will play a crucial role in safeguarding the bank’s financial integrity by identifying, investigating and reporting suspicious activity related to money laundering, terrorist financing, and other financial crimes.
This position requires a strong understanding of anti-money laundering regulations and a keen eye for detecting unusual patterns in financial transactions.
1. Transaction Monitoring
- Conduct daily reviews of customers transaction to identify suspicious activity.
- Ongoing review of customer transactions and behaviour to identify unusual patterns or behaviours that may indicate fraudulent activity.
- Utilize advanced analytics tools and techniques to enhance monitoring efficiency and effectiveness.
- Employs predefined rules and criteria to identify suspicious activity/transaction (SAR/STR).
2. Investigation
- Investigate suspicious activity, including gathering evidence, requesting further information (RFI) from customers, and coordinating with law enforcement agencies.
- Prepare detailed investigation reports and documentation.
3. Risk Assessment
- Assess the bank’s exposure to fraud and money laundering risks.
- Develop and implement fraud risk mitigation strategies
- Conduct risk assessments of new products, services and customers
- Identify and evaluate existing and latest fraud trends.
4. Regulatory Compliance
- Ensure compliance with local, national, and international anti-money laundering regulations.
- Assist in the development and implementation of AML policies and procedures.
- Maintain up-to-date knowledge of regulatory changes.
Requirements:
- Bachelor’s degree in risk management, finance, banking, or a related field.
- 2 - 3 years or more experience in AML/CFT & Fraud in the financial industry.
- Knowledge of Fraud AML and practices.
- Proficient in Fraud rules integration, software and tools.
- Strong analytical and problem-solving skills.
- Excellent communication skills in English (written and verbal).
- Ability to manage multiple tasks and prioritize effectively.
- Strong attention to detail and accuracy.
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