• Application Deadline:
• Position: Fraud Risk Officer



• Job Type Full Time



• Qualification BA/BSc/HND



• Experience 5 years



• Location Lagos




• Job Field Banking 
  
  

Responsibilities Include:

• Develop and maintain an up-to-date Fraud Rule Book comprising of regulatory and industry requirements.


• Conduct Fraud Risk Assessment in collaboration with the Operational Risk Management and Fraud Operations teams and develop measures to mitigate identified risks.


• Design and maintain a fraud loss and recovery database across Business groups and product/service lines.


• Keep abreast and maintain a collaborative relationship with regulators, peer industry players, Card Schemes, and Law Enforcement Agencies and fraud risk industry forums to help detect and mitigate fraud.


• Provide Fraud Risk Advisory services including developing Fraud Scenarios for new and existing products and services.


• Collaborate with Fraud Operations to develop to drive standardization, automation and process improvement initiatives, review application User Access Matrix for applicable fraud solutions.


• Review and ensure blacklisted profiles – Merchants, Cardholders - are updated and set fraud, Transaction and Merchant Categorization Limits in line with business risk and fraud appetite.


• Recommend changes to the process control environment or to business practices, where necessary, to reduce the level of fraud risk exposure to within the agreed appetite.


• Develop monthly, quarterly, and ad-hoc fraud risk analytics reports.


• Monitor constantly customer and transactional records to identify unauthorized transactions and fraudulent accounts.


• Ensure confidentiality of all information collected during investigation.


• Determine existing fraud trends by analyzing accounts and transaction patterns.


• Identify system improvements to prevent fraudulent activities.


• Recommend anti-fraud processes for changing transaction patterns and trends.


• Act quickly and decisively when Fraud become apparent and ensure it is addressed within an appropriate timeframe and escalated appropriately to mitigate loss of fund.

Requirements

Education/Qualification

• A Bachelor of either Finance, Business Administration, Economics, or any related field.

Experience

• A minimum of 5 years of experience in Fraud Risk.

General Knowledge and Skills

• Strong analytical and problem-solving skills.


• Experience in fraud detection and prevention.


• Knowledge of fraud investigation techniques and procedures.


• Excellent verbal and written communication skills.


• Ability to collaborate effectively with others.


• Proficiency in Microsoft Office and other relevant software.