Fraud Control Unit

Job Description

Key Responsibilities: Fraud Detection & Prevention: Monitor and analyze transactions for potentially fraudulent activities. Utilize fraud detection tools, AI-based models, and alerts to identify suspicious behavior. Implement fraud prevention strategies, including rule-based and AI-driven detection methods. Investigation & Reporting: Investigate fraudulent transactions and document findings with supporting evidence. Collaborate with law enforcement agencies, regulatory bodies, and internal teams for fraud-related cases. Prepare detailed reports on fraud trends, risks, and preventive actions. Risk Management & Compliance: Ensure compliance with anti-money laundering (AML) and fraud prevention regulations. Maintain and update fraud risk policies and procedures. Conduct internal audits to assess the effectiveness of fraud control measures. Stakeholder Coordination: Work closely with the IT, Legal, and Operations teams to implement fraud control measures. Train employees on fraud detection techniques and best practices. Assist customers in resolving fraud-related disputes and claims. Preferred candidate profile Education: Bachelors degree in Finance, Accounting, Business, Computer Science, or a related field. Experience: 2-5 years of experience in fraud detection, risk management, banking, or financial services. Technical Skills: Familiarity with fraud detection tools (e.g., SAS, Actimize, Falcon, or AI-based solutions). Analytical Skills: Strong data analysis and problem-solving abilities. Regulatory Knowledge: Understanding of AML, KYC, CFT, and other fraud-related compliance frameworks. Communication: Excellent verbal and written communication skills. Attention to Detail: Strong ability to detect anomalies and investigate suspicious activities