Reporting to the Head- Financial Crime Management, the role holder will detect, minimize and prevent losses resulting from high risk and fraudulent monetary and non-monetary transactions through quality investigations, fraud risk assessments, fraud detection, training and awareness programmes.
KEY ACCOUNTABILITIES:
Lead forensic investigations within the bank Generate/gather facts/evidence to help prevent and deter fraud for both Internal disciplinary action and courts proceedings.
Provide advice on the development of appropriate controls for the mitigation of financial crime risks.
Effective communication and monitoring of the effectiveness of anti-fraud programs and controls.
Creating a Control Environment – code of Conduct/Ethics, whistleblower
Maintains a programme to raise staff awareness of financial crime issues, particularly “Whistle Blower” and the obligation to report suspicious transactions.
Identify fraud risk factors, fraud risks and fraud schemes.
Systematic follow up and tracking of fraud cases so that perpetrators of fraud are brought to justice and recoveries made. This includes filing complaints on behalf of the bank, preparing witnesses to testify in criminal cases filed by Bank, and acting as the interface between the Bank and, government security agencies and law enforcement on Financial Crime matters.
Share best practice with peers in the industry in order to position the Bank as “thought leaders” on Financial Crime Risk Management.
Lead on Financial Crime related external and internal risk identification and anticipation of future trends.
Put in place, and maintains, appropriate financial crime procedures that are consistent with the requirements of the Bank’s policies and local regulatory requirements.
Act as the Bank’s centre of expertise, providing advice and recommendations on financial crime matters.
Provides guidance on proper application and interpretation of financial crime related laws, regulations and policies.
Assist in the development of an effective internal compliance culture by promoting the benefits of ethical business conduct and the benefits of compliance (rework).
Prepare regular and accurate financial crime reports that are escalated to the relevant bank departments.
Carry out periodic Fraud Risk assessments and deep dives in identified high risk areas and develop strategies to mitigate risks effectively.
Collaborate with internal teams to implement fraud prevention measures including through bank wide training and awareness, communications on identified high risk areas and lessons learnt.
Identification of new techniques to prevent future fraud (rework).
Process and follow up fraud claims from suspects and insurers.
KNOWLEDGE, SKILLS, AND EXPERIENCE REQUIRED:
Bachelor’s Degree in a Business related discipline.
Certification in Fraud Examination (CFE).
At least 5 years’ experience in financial crime investigation/prosecution.
Knowledge of banking, products, risks and processes such that advice is as informed, appropriate and relevant to business needs.
Sufficient knowledge of Criminal law, other local laws, regulatory expectations and internal policy requirements as they relate to financial crime risk.
Good interviewing skills to enlist required information.
Proficiency in Microsoft Word and Excel spreadsheets.
Ability to collect, analyze and evaluate information and the preparation of written concise reports of work performed plus recommendations.
Ability to communicate clearly and effectively, both orally and in writing.
Ability to foster cooperation and support of stakeholders.
Ability to interact at senior levels with local regulatory, government, law enforcement and industry to provide the Bank with a more informed view of financial crime risks.
High level of maturity, confidentiality and objectivity.
Possession of flexibility and ability to adapt appropriately to changing requirements and situations.
Analytical and possession of an objective and probing mind.
Supervision must be minimal, so the person has to be tolerant and be able to stand the pressure from courts in regard to cases taken before courts of law.
Pressure from customers claiming refunds of stolen money, and the ability to recommend refunds accurately.
Ability to make the right call even if it displeases anyone or group of staff.
Excellent communications and engagement skills.
Strong attention to detail and personal effectiveness.
High level of integrity and standards.
Self-drive and initiative.
Unafraid to take responsibility.
Ability to work effectively with local contemporaries and peers in other clusters and regions to maintain a collaborative culture.
