Fraud Investigation Analyst

Job Title:

Fraud Investigation Analyst

Eligibility Criteria

• Bachelor's degree in Finance, Accounting, Criminal Justice, Business, Data Science, Computer Science, or a related field.
• 3+ years of experience in fraud detection, risk management, financial analysis, or investigations, preferably within the banking, fintech, or e-commerce industry.

Key Responsibilities:

Fraud Detection & Analysis:

• Analyze financial transactions, account activity, and customer behavior to identify patterns, trends, and anomalies indicative of fraudulent behavior (e.g., unauthorized access, credit card fraud, identity theft, insider threats).
• Utilize advanced data analysis tools, statistical analysis, and machine learning techniques to detect and predict potential fraud.
• Monitor and investigate suspicious transactions and flag potentially fraudulent accounts for further review.
• Conduct thorough research and analysis of historical data to identify emerging fraud risks.

Investigation & Resolution:

• Conduct in-depth investigations into suspected fraudulent activities, gathering evidence, reviewing documentation, and interviewing relevant parties.
• Collaborate with internal teams (e.g., Finance, Customer Service, IT, Legal, Compliance, Security) to gather necessary information, resolve fraud cases, and implement effective risk management strategies.
• Liaise with law enforcement agencies and regulatory bodies as needed for fraud investigations and to bring culprits to justice.

Fraud Prevention & Strategy:

• Develop, implement, and optimize fraud detection strategies, tools, and systems to minimize risk exposure across the organization.
• Assist in the development and implementation of fraud prevention policies and procedures.
• Conduct root cause analysis to identify vulnerabilities in systems and processes, and recommend improvements.
• Stay updated on industry trends, emerging fraud techniques, and technological advancements (e.g., AI tools for fraud detection, blockchain technology) to proactively address risks.

Reporting & Compliance:

• Compile comprehensive and detailed reports on findings, trends, and patterns of fraudulent activity for senior management and regulatory bodies.
• Maintain accurate records and documentation of all investigations and actions taken.
• Ensure compliance with relevant laws, regulations, and industry standards related to fraud prevention, anti-money laundering (AML), and data security.
• Actively participate in audits and compliance reviews related to fraud and risk management.

Technical Skills:

• Proficiency in data analysis tools and statistical analysis software.
• Experience with fraud detection software and data visualization tools.
• Analytical & Problem-Solving Skills: Strong analytical abilities, critical thinking, and a keen eye for detail to identify discrepancies and patterns.
• Communication: Excellent written and verbal communication skills to present complex findings clearly and concisely to various stakeholders.
• Interpersonal Skills: Ability to collaborate effectively with cross-functional teams and build strong working relationships.
• Work Ethic: Ability to work independently with minimal supervision, manage multiple investigations concurrently, and thrive in a fast-paced, high-pressure environment.
• Industry Knowledge: In-depth knowledge of anti-fraud regulations, financial crime prevention, and compliance standards.
• Ethical Standards: Strong ethical standards and a commitment to maintaining confidentiality and handling sensitive information securely.