Fraud Analyst job at Absa

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Overview
Job Category: Administrative
Job Type: Full-Time
Deadline of this Job:  12 October 2021
Duty Station:  Kampala
Posted: 01-10-2021
Requirements
Job Description

Vacancy title:
Fraud Analyst

[ Type: FULL TIME , Industry: Banking , Category: Management ]

Jobs at:

Absa

Deadline of this Job:
12 October 2021  

Duty Station:
Within Uganda , Kampala , East Africa

Summary
Date Posted: Friday, October 01, 2021 , Base Salary: Not Disclosed


JOB DETAILS:
Job title: Fraud Analyst

Overview
With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.

Job Summary
To proactively manage fraud risk within Absa Uganda Retail & Commercial Banking by implementing & embedding the Fraud Risk Control Framework and policies, managing fraud losses within the budgets / appetite, ensuring fraud reporting standards are complied with; development of fraud risk capability in fraud management & investigations and pro-actively incept/lead fraud reduction, training & prevention initiatives across the country

Job Description
• Provide support to Fraud teams in the identification, measurement, control, and management of Fraud Risk
• Operate a Programme of Fraud reduction thereby facilitating the development and implementation of appropriate fraud prevention initiatives including the identification and redressing of control deficiencies and testing of controls on an ad –hoc basis.
• Develop relationships with Law Enforcement and Government agencies to obtain intelligence, insight, early warning contacts to assist in loss mitigation during fraud investigations.
• Develop training and fraud awareness courses, workshops, brochures and other material to alert employees as to compliance with the Bank’s policy on fraud prevention.
• Support the development/enhancement of reporting of Fraud through development of Fraud Risk Profiles, Key Risk Indicators, ‘Hot Spots’, Key Initiatives, Compliance monitoring, etc.
• Work with Business to drive down actual and potential fraud losses. The Fraud Analyst must work closely with manager from other functions to manage fraud, for example:
• Business or product managers who evaluate the financial impact of product features, terms and conditions that may increase fraud vulnerability.
• Compliance officers who may be responsible for establishing and monitoring financial/process controls.
• Absa investigative services (AIS) managers.
• Business information security office managers responsible for information security.
• Credit risk managers, to help reduce application fraud committed by legitimate customers who commit fraud with no intention to pay.
• Operations managers responsible for implementing policies, processes and standards.
• Internal audits, who may be responsible for process sampling to determine adherence to policies and procedures.
• Any other areas that provide fraud fighting capabilities (e.g. credit underwriting, authorization, and branch network).
• The Fraud Analyst must coordinate the efforts of all functions that contribute to fraud management to ensure the following:
• Results are accurately reported.
• Timely, revisions / modifications in strategies, processes, fraud management controls, and tools are made in response to change in fraud patterns.
• In addition, the Fraud Analyst should:
• Represent the bank in fraud forums.
• Close monitoring of fraud customers to identify any new fraud trend.
• Preparing unit reports.
• Analyze the procedures and control.

Education
Higher Diplomas: Law, Military Science and Security (Required) span itemprop="responsibilities" content=""Job Description
• Provide support to Fraud teams in the identification, measurement, control, and management of Fraud Risk
• Operate a Programme of Fraud reduction thereby facilitating the development and implementation of appropriate fraud prevention initiatives including the identification and redressing of control deficiencies and testing of controls on an ad –hoc basis.
• Develop relationships with Law Enforcement and Government agencies to obtain intelligence, insight, early warning contacts to assist in loss mitigation during fraud investigations.
• Develop training and fraud awareness courses, workshops, brochures and other material to alert employees as to compliance with the Bank’s policy on fraud prevention.
• Support the development/enhancement of reporting of Fraud through development of Fraud Risk Profiles, Key Risk Indicators, ‘Hot Spots’, Key Initiatives, Compliance monitoring, etc.
• Work with Business to drive down actual and potential fraud losses. The Fraud Analyst must work closely with manager from other functions to manage fraud, for example:
• Business or product managers who evaluate the financial impact of product features, terms and conditions that may increase fraud vulnerability.
• Compliance officers who may be responsible for establishing and monitoring financial/process controls.
• Absa investigative services (AIS) managers.
• Business information security office managers responsible for information security.
• Credit risk managers, to help reduce application fraud committed by legitimate customers who commit fraud with no intention to pay.
• Operations managers responsible for implementing policies, processes and standards.
• Internal audits, who may be responsible for process sampling to determine adherence to policies and procedures.
• Any other areas that provide fraud fighting capabilities (e.g. credit underwriting, authorization, and branch network).
• The Fraud Analyst must coordinate the efforts of all functions that contribute to fraud management to ensure the following:
• Results are accurately reported.
• Timely, revisions / modifications in strategies, processes, fraud management controls, and tools are made in response to change in fraud patterns.
• In addition, the Fraud Analyst should:
• Represent the bank in fraud forums.
• Close monitoring of fraud customers to identify any new fraud trend.
• Preparing unit reports.
• Analyze the procedures and control. ">


Job Experience: No Requirements

Work Hours: 8


Level of Education: Associate Degree

 

Job application procedure
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