Fraud Specialist

The position

The Fraud Specialist will be responsible for identifying, investigating and mitigating fraudulent activities across the organization. You’ll work closely with cross-functional teams to ensure our fraud monitoring systems are effective and continuously improved.

Responsibilities

• Identify fraud and related financial crime risks and take the appropriate steps to mitigate the risks
• Monitor transactions in real-time to detect unusual or suspicious activity using internal tools and fraud detection systems
• Investigate suspected fraud cases both internal and external, prepare report for stakeholders, utilising relationship and problem-solving skills to effectively manage these cases.
• Conduct comprehensive reviews and analyze data, interview affected parties and analyze cases to identify root cause, proffer recommendation to reduce/eliminate future reoccurrence.
• Analyze fraud-related data and trends to develop proactive fraud prevention strategies
• Collaborate with IT and data teams to design rules, triggers, and controls that enhance fraud detection
• Recommend enhancements to anti-fraud processes, systems, and policies
• Conduct fraud awareness training sessions for staff and support a culture of ethical behavior
• Liaise with law enforcement, legal teams, and regulators on fraud-related matters as needed
• Creating and implementing policies and procedures to minimize future fraud
• Update fraud tracker and ensure timely rendition of fraud and forgery returns to CBN/NIBSS & NDIC
• Review and investigate suspicious inflow, including escalation and follow-up with beneficiary bank on fraudulent outflows from our customer’s account
• Champion improvements to processes and products with the aim of mitigating risks of fraud

• B.Sc. degree in any field
• 5 years and above of experience in fraud detection and prevention, preferably in the financial services or fintech sector.
• Attention to detail and problem-solving skill
• An excellent team player and highly motivated.
• Strong analytical mindset and ability to identify patterns or anomalies in large data sets
• Familiarity with fraud trends, detection tools, rule-based engines, or case management systems
• Strong communication and interpersonal skills
• Knowledge of regulatory requirements related to fraud reporting and compliance
• High ethical standards and ability to handle sensitive information with discretion
• Excellent time management skills
• Ability to multi-task and function under pressure with little or no supervision.
• Knowledge of banking or Fintech industry regulations or standards

You’ll receive competitive compensation and work with amazing people. You’ll work in a beautiful environment with a flat structure and solve complex, real-world challenges.