Compliance and Fraud Officer at One Credit

ROLE-PURPOSE
(a) To ensure compliance with agreed procedures. (b)To ensure operational losses are kept to a minimum. (c) To prevent fraud. (d) To ensure lessons are learned from any fraudulent activity, controls improved and no recurrence.(e) No regulatory breaches.                                                                                                      

JOB DESCRIPTION
Analyse all first payment defaults, non-starters and severe collection cases to confirm due diligence in the underwriting process and determine root cause.
Perform compliance spot check and reviews on customer files – applications and loans disbursed.
Monitor and promptly report all fraud incidents- actual and attempted - and ensure records/files are kept for future reference
Investigate fraud incidents to ensure cases are properly investigated, lessons learned and recommendations for change made
Stay on top of the latest trends and developments in the fraud industry and circulate current fraud trends and other awareness material to the applicable teams.
Implement fraud prevention and anti-fraud management tools; automate processes.
Revenue assurance – review all income lines and GL to ensure correctness and prevent loss of revenue.
Follow up to ensure that all regulatory reports/returns are made on time

KEY PERFORMANCE INDICATORS

    Operational Loss Rates and Trends
    Timeliness and accuracy of reports
    Relevance and quality of recommendations and forecasts
    Regulatory fines

MINIMUM QUALIFICATIONS

A University degree in a numerate or finance degree 

EXPERIENCE

    Minimum of 3 years
    Preferably in Risk Management, Intenal Control, Compliance

REQUIRED SKILLS

    A “detail” person
    High level of Numeracy
    Problem Solving
    Intermediate Excel Skills or SQL Skill
    Data Manipulation
    Excellent presentation and writing skills
    Critical reasoning