Latest Jobs at Optimus Bank

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.

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Responsibilities Include:

• Develop market and liquidity risk management policies.
• Monitor and ensure compliance with market risk limits (Foreign currency net open position, foreign currency borrowing position, trading limits, foreign currency counterparty/settlement limits and money market).
• Prepare daily mark to market reports and ensure timely delivery of reports to stakeholders.
• Ensure inherent market risks (Value at Risk, and Duration/Sensitivity Analysis) in all trading activities (FX, Bonds, T-Bills) are computed and communicated to stakeholders.
• Prepare liquidity reports and monitor to ensure compliance with both internal and regulatory limits.
• Prepare and monitor liquidity and interest rate risk gap analyses on the banking book.
• Develop risk management tools and models for evaluating, measuring & monitoring market & liquidity risks.
• Review and develop limits (Foreign Currency Placement limit, Foreign Currency Trading Position Limit, Dealers’ limit, Portfolio limits, and Stop Loss limits) to monitor all dealing room activities.
• Perform stress test analysis and market reviews on current happenings.
• Prepare all regulatory, management and board risk reports.
• Manage escalations of all exceptions and risk limits related issues.

Requirements

Education/Qualification

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

Experience

• A minimum of 4 years of experience in the Market and Liquidity Risk field.

Skills/Competencies

• Excellent attention to detail.
• Excellent communication and interpersonal skills
• Ability to work independently and as part of a team
• Broad understanding of global financial products, markets & regulations
• Strong analytical and problem-solving skills