Fraud Risk Officer

4 days ago

Lagos, Lagos, Nigeria Optimus Bank Full time

Optimus Bank is a digital-driven financial service platform built with a bold ambition of offering optimum banking experiences to millions of customers globally.

We are recruiting to fill the position below:

Job Position: Fraud Risk Officer

Job Location: Lagos

Job Type: Full time

Responsibilities

  • Develop and maintain an up-to-date Fraud Rule Book comprising of regulatory and industry requirements.
  • Conduct Fraud Risk Assessment in collaboration with the Operational Risk Management and Fraud Operations teams and develop measures to mitigate identified risks.
  • Design and maintain a fraud loss and recovery database across Business groups and product/service lines.
  • Keep abreast and maintain a collaborative relationship with regulators, peer industry players, Card Schemes, and Law Enforcement Agencies and fraud risk industry forums to help detect and mitigate fraud.
  • Provide Fraud Risk Advisory services including developing Fraud Scenarios for new and existing products and services.
  • Collaborate with Fraud Operations to develop to drive standardization, automation and process improvement initiatives, review application User Access Matrix for applicable fraud solutions.
  • Review and ensure blacklisted profiles – Merchants, Cardholders - are updated and set fraud, Transaction and Merchant Categorization Limits in line with business risk and fraud appetite.
  • Recommend changes to the process control environment or to business practices, where necessary, to reduce the level of fraud risk exposure to within the agreed appetite.
  • Develop monthly, quarterly, and ad-hoc fraud risk analytics reports.
  • Monitor constantly customer and transactional records to identify unauthorized transactions and fraudulent accounts.
  • Ensure confidentiality of all information collected during investigation.
  • Determine existing fraud trends by analyzing accounts and transaction patterns.
  • Identify system improvements to prevent fraudulent activities.
  • Recommend anti-fraud processes for changing transaction patterns and trends.
  • Act quickly and decisively when Fraud become apparent and ensure it is addressed within an appropriate timeframe and escalated appropriately to mitigate loss of fund.

Requirements

Education/Qualification:

  • A Bachelor of either Finance, Business Administration, Economics, or any related field.

Experience:

  • A minimum of 5 years of experience in Fraud Risk.

General Knowledge and Skills:

  • Strong analytical and problem-solving skills.
  • Experience in fraud detection and prevention.
  • Knowledge of fraud investigation techniques and procedures.
  • Excellent verbal and written communication skills.
  • Ability to collaborate effectively with others.
  • Proficiency in Microsoft Office and other relevant software.

Benefits

Why Join Us?

  • Be at the forefront of driving financial inclusion and digital innovation.
  • Work in a dynamic, forward-thinking banking environment.
  • Competitive remuneration and performance-based incentives.

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