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  • Posted: May 27, 2021
    Deadline: Jun 9, 2021
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    Wema Bank offers a range of retail and SME banking, corporate banking, treasury, trade services and financial advisory to its ever-expanding clients. In 2009, the Bank underwent a strategic repositioning exercise which culminated in a decision to operate as a commercial Bank with regional authorisation in South-South Nigeria, South-West Nigeria, Lagos and Ab...
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    Fraud Analyst

    Job Summary

    • Fraud analysts are responsible for monitoring bank accounts, accounting paperwork, and financial transactions. They analyze the data to identify any fraudulent and suspicious activities within the Bank.

    Job Description

    • 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.

    Job Experience

    • Bachelor's Degree
    • Minimum 3 years relevant experience in related fields in the financial services sector
    • Data Analytics and programming/scripting experience
    • Strong interpersonal and communication skills including the ability to interact with different stakeholders
    • Ability to work independently with minimum supervision
    • Good organisational skills needed to manage a high volume of assigned cases
    • Proficient with the Financial procedures and regulations
    • Hands on experience with relevant Information System
    • Honest and ethical with high levels of integrity and confidentiality

    Method of Application

    Interested and qualified? Go to Wema Bank Plc on wemabank.seamlesshiring.com to apply

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