Analyst, Specialist, Fraud Risk, Risk Management Group

Business Function
Risk Management Group works closely with our business partners to manage the bank's risk exposure by balancing its objective to maximise returns against an acceptable risk profile. We partner with origination teams to provide financing, investments and hedging opportunities to our customers. To manage risk effectively and run a successful business, we invest significantly in our people and infrastructure.

Responsibilities Requirements

• Conduct timely review on the triggered applications from INSTINCT - the Fraud Application Detection System and manual referral cases; and documentation of investigations or reviews outcomes for future reference
• Credit applications review include samples from pre and post disbursement
• Document and file appropriately all investigation findings for cases that have been confirmed as Fraud and whenever required in the case management database
• Perform site visits to determine and authenticate the information provided by the applicants are true and correct
• Liase and assist law enforcement agencies on Bank's credit fraud matter
• Recommend appropriate preventive measures with acceptable justification to the management for considerations and approvals
• Timely escalate of newly discovered and observed fraud trend or of the modus operandi to the appropriate management and business unit as required
• Seek recovery for any Fruad Losses incurred as a result of the Fraud Incidence
• Preparation of credit application data for analytics and fraud detection enhancement purposes
• Provide guidance and assistance to junior investigators to perform fraud control duties in a more effective and efficient manner
• Perform periodic review on past and present fraud cases to ensure that correct and prompt actions have been taken
• Prepare monthly MIS report on the following:
  • Operational Performance of Fraud Application Detection System Including its On-Line Run time and its Rules and Parameters performances
  • Number of fraud cases and categorised into its respective fraud types and channels

Requirements

• Knowledge of banking products and services
• Good report writing skills
• Positive working attitude
• Experience in investigation or similar position
• Knowledge of credit risks and financial crime-related laws
• GCE 'A' Level or diploma & above

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We offer a competitive salary and benefits package and the professional advantages of a dynamic environment that supports your development and recognises your achievements.