IFAST Global Bank (iGB) is a licensed bank in the United Kingdom that aspires to provide global banking connectivity to customers, corporates and financial institutions around the world. We are currently looking for a Fraud Investigator located in London.
The role will entail:
* Investigating and actioning fraud reports received from other financial institutions
* Investigating and reporting fraud to other banks when our customers have been a victim of fraud
* Submitting of reports to Action Fraud in a timely manner
* Assessing whether a Suspicious Activity Report (SAR) is required to be submitted and filing of an internal SAR when necessary
* Reviewing of cases escalated from the 1st Line of Defence in relation to Fraud and taking the necessary action
* Providing the necessary guidance and training to the 1st Line of Defence
* Assisting with continuous improvement ideas on processes and systems
* Input into the on-going enhancements of Bank's Transaction Monitoring Rules relating to Fraud
* Playing a key part in the development of the Bank's Fraud Framework
* Playing a key part in the development of the Bank's Fraud handling procedures
* Playing a key part in preparing the Bank to be ready for the upcoming PSR reimbursement requirement coming into force on 7 October 2024
* Identifying new Fraud typologies and recommending mitigants to reduce the level of risk posed by these
* Preparation of Management Information
* Preparation of presentations on behalf of the Risk & Compliance team for executive committees
* Working and maintaining close relationships with the wider team, regional hub, and Business Units
* Support other members of the team in carrying out their assigned roles ensuring continuity within the team in cases of absence and increased workload
* Keep up to date with prevailing rules and regulations as they are introduced by relevant regulatory bodies and non-governmental organisations from time to time
* Support the filing of regulatory returns as and when required
* Represent the Compliance function on projects/initiatives where either financial crime or wider compliance participation is required
Requirements
EXPERIENCE
Between 3 to 7 years Fraud Investigation experience within the industry ideally within a Bank.
EDUCATION & TRAINING
Ideal but not a prerequisite, compliance and/or financial crime related certificate/diploma.
Skills
* High standard of accuracy and attention to detail
* Strong analytical skills
* Excellent communicator
* Problem solving skills
* Strict work ethics
* Strong written skills
* Microsoft Word, Excel, and PowerPoint (must)
INDEPENDENT ACTION & DECISION MAKING
The successful candidate must be able to demonstrate that they are able to make decisions independently with rationale and take actions.
Benefits
* 25 days annual leave entitlement
* Pension scheme, 4% employer contribution
* Private Medical Insurance
* 60-40 Hybrid working after successful probation period