At Renmoney, we believe finance should be simple, useful and accessible to everyone. That’s what makes us really passionate about leveraging data driven insights to help us understand you better and build useful financial products for your personal and business needs - like convenient loans to help you do more today, savings to keep you on track for your goals and investments that’ll generate more money for you.
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The Fraud Specialist will be responsible for identifying, investigating and mitigating fraudulent activities across the organization. You’ll work closely with cross-functional teams to ensure our fraud monitoring systems are effective and continuously improved.
Responsibilities
Identify fraud and related financial crime risks and take the appropriate steps to mitigate the risks
Monitor transactions in real-time to detect unusual or suspicious activity using internal tools and fraud detection systems
Investigate suspected fraud cases both internal and external, prepare report for stakeholders, utilising relationship and problem-solving skills to effectively manage these cases.
Conduct comprehensive reviews and analyze data, interview affected parties and analyze cases to identify root cause, proffer recommendation to reduce/eliminate future reoccurrence.
Analyze fraud-related data and trends to develop proactive fraud prevention strategies
Collaborate with IT and data teams to design rules, triggers, and controls that enhance fraud detection
Recommend enhancements to anti-fraud processes, systems, and policies
Conduct fraud awareness training sessions for staff and support a culture of ethical behavior
Liaise with law enforcement, legal teams, and regulators on fraud-related matters as needed
Creating and implementing policies and procedures to minimize future fraud
Update fraud tracker and ensure timely rendition of fraud and forgery returns to CBN/NIBSS & NDIC
Review and investigate suspicious inflow, including escalation and follow-up with beneficiary bank on fraudulent outflows from our customer’s account
Champion improvements to processes and products with the aim of mitigating risks of fraud
Requirements
B.Sc. degree in any field
5 years and above of experience in fraud detection and prevention, preferably in the financial services or fintech sector.
Attention to detail and problem-solving skill
An excellent team player and highly motivated.
Strong analytical mindset and ability to identify patterns or anomalies in large data sets
Familiarity with fraud trends, detection tools, rule-based engines, or case management systems
Strong communication and interpersonal skills
Knowledge of regulatory requirements related to fraud reporting and compliance
High ethical standards and ability to handle sensitive information with discretion
Excellent time management skills
Ability to multi-task and function under pressure with little or no supervision.
Knowledge of banking or Fintech industry regulations or standards
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