iFAST Global Bank (iGB) is a licensed bank in the United Kingdom that aspires to provide global banking connectivity to customers, corporates and financial institutions around the world. We are currently looking for a Fraud Investigator located in London.

The role will entail: 

·         Investigating and actioning fraud reports received from other financial institutions.

·         Investigating and reporting fraud to other banks when our customers have been a victim of fraud.

·         Submitting of reports to Action Fraud in a timely manner.

·         Assessing whether a Suspicious Activity Report (SAR) is required to be submitted and filing of an internal SAR when necessary.

·         Reviewing of cases escalated from the 1st Line of Defence in relation to Fraud and taking the necessary action.

·         Providing the necessary guidance and training to the 1st Line of Defence.

·         Assisting with continuous improvement ideas on processes and systems.

·         Input into the on-going enhancements of Bank’s Transaction Monitoring Rules relating to Fraud.

·         Playing a key part in the development of the Bank’s Fraud Framework.

·         Playing a key part in the development of the Bank’s Fraud handling procedures.

·         Playing a key part in preparing the Bank to be ready for the upcoming PSR reimbursement requirement coming into force on 7 October 2024.

·         Identifying new Fraud typologies and recommending mitigants to reduce the level of risk posed by these.

·         Preparation of Management Information.

·         Preparation of presentations on behalf of the Risk & Compliance team for executive committees.

·         Working and maintaining close relationships with the wider team, regional hub, and Business Units.

·         Support other members of the team in carrying out their assigned roles ensuring continuity within the team in cases of absence and increased workload.

·         Keep up to date with prevailing rules and regulations as they are introduced by relevant regulatory bodies and non-governmental organisations from time to time.

·         Support the filing of regulatory returns as and when required.

·         Represent the Compliance function on projects/initiatives where either financial crime or wider compliance participation is required.

Requirements

EXPERIENCE

Between 3 to 7 years Fraud Investigation experience within the industry ideally within a Bank.

EDUCATION & TRAINING

Ideal but not a prerequisite, compliance and/or financial crime related certificate/diploma.

SKILLS

·         High standard of accuracy and attention to detail

·         Strong analytical skills

·         Excellent communicator

·         Problem solving skills

·         Strict work ethics

·         Strong written skills

·         Microsoft Word, Excel, and PowerPoint (must)

INDEPENDENT ACTION & DECISION MAKING

The successful candidate must be able to demonstrate that they are able to make decisions independently with rationale and take actions.

Benefits

• 25 days annual leave entitlement

• Pension scheme, 4% employer contribution

• Private Medical Insurance

• 60-40 Hybrid working after successful probation period