Senior Fraud Analyst at Interswitch

To execute fraud risk strategy, with reference to enterprise risk strategies operations, objectives and policies. To analyse and track suspected fraud trends and parameters and report any security threats or suspicious activity in the course of operations. To build and maintain good relationships with relevant stakeholders in fraud risk ecosystem. To provide detailed records of suspicious activity, analyses trends, communicates security threats to management and provide recommendations for loss mitigation.

Responsibilities

• Fraud Risk Identification, Assessment, Controls and Mitigation
• Support rollout of Fraud Risk Management strategy in line with Risk regulations and controls requirements, assist in ongoing development and refinement of the Fraud Risk Management framework, monitor and analyse Interswitch’s risk exposure on a day-to-day basis
• Support the completion of unit-specific risk, control self-assessments, annual assessment reviews and scenario analysis exercises
• Analyse root causes of fraud risks and suggest the implementation of mitigation measures
• Develop scenarios that identify potential means of exploiting systems, processes and people through fraudulent intents against Interswitch, identify risk parameters and suggest risk management facilitations against potential risks
• Data Collection, Analysis, Insights and Reporting
• Gather fraud risk-related data from internal or external resources, conduct statistical analyses to quantify risks, communicate analyses results to Team Lead and agree on next steps
• Analyse and track suspected fraud trends and parameters and report any security threats or suspicious activity to Team Lead, Fraud Risk Management
• Assist in the preparation and management of fraud risk management reports for various boards and governance committees
• Develop weekly progress reports which include activities progress against set timelines, key risk and control indicators and overall improvements on current processes and procedures that minimise relevant risks
• Carry-out prescriptive and predictive analytics to better understand the fraud landscape and how it relates to Interswitch’s systems and processes and support pro-active fraud prevention decisions
• Data Management and Document Preparation Contribute to the management and maintenance of the risk database
• Prepare and maintain risk management documentation, risk policies and risk reports
• Business Advice, High-Quality Customer Service and Stakeholder Management Resolve queries from internal or external customers or suppliers by providing information on complex processes and the related policies, referring to others where necessary for interpretation of policy
• Advise managers how to apply a wide variety of existing procedures and precedents
• Gather information, analyse fraud risk management performance, identify possible risks, make recommendations for operational improvements and escalate high risk items to the Team Lead
• Attend meetings led by Team Lead, Fraud Risk Management, along with relevant stakeholders and acquire client needs and fraud risk processes, execute risk and mitigation activities in line with communicated requirements

Requirements

• University First Degree in Risk Management, Law, Accounting, Statistics, Finance or other related fields
• General Experience At least 5 years' fraud risk experience within the financial services or Fintech industry