Fraud Analyst

www.topfinancialjobs.co.uk - Jobboard; City of Edinburgh; On-site; GBP 60,000 - 80,000; Full time

Job summary

A leading digital consultancy is seeking a Fraud Analyst to support a major UK savings bank. This role requires expertise in fraud systems and regulatory compliance, focusing on integrating solutions and conducting investigations. Candidates should possess strong analytical skills, a proactive approach, and relevant experience in financial crime.

Qualifications

• Experience in a Fraud Analyst or Financial Crime role within banking or fintech.
• Strong understanding of fraud systems architecture and regulatory compliance.
• Proven documentation experience for fraud systems.

Responsibilities

• Lead integration of third-party fraud systems and ensure compliance.
• Conduct fraud investigations and document requirements.
• Draft Suspicious Activity Reports (SARs) and provide expertise on fraud regulations.

Skills

Analytical skills

Investigative skills

Documentation

Vendor management

Fraud systems architecture

Education

Relevant certifications (e.g., ICA, ACAMS)

Tools

Fraud detection platforms

Case management platforms

Job description

Description: Fraud Analyst - £550 per day, inside IR35, 6 months

Your new company and role
Hays are seeking a highly capable Fraud Analyst to join a leading digital consultancy, supporting a major UK savings bank. This role is ideal for someone with a strong understanding of fraud systems and regulatory compliance, particularly in the context of integrating third-party solutions into complex financial environments. The successful candidate will bring energy and drive to deliver results at pace, while acting as a subject-matter expert (SME) on fraud regulations.

Key Responsibilities:
• Lead and support the integration of third-party fraud systems, ensuring alignment with internal compliance frameworks and regulatory standards.
• Collaborate with technology and vendor teams to configure, test, and deploy fraud detection tools.
• Document business requirements and testing scenarios for fraud-related projects.
• Conduct fraud investigations and reviews, leveraging system outputs to identify suspicious activity.
• Perform customer due diligence (CDD), enhanced due diligence (EDD), and sanctions screening as required.
• Analyse alerts and escalate cases in line with internal procedures and regulatory expectations.
• Draft and submit Suspicious Activity Reports (SARs) to relevant authorities.
• Provide subject matter expertise on fraud regulations and compliance expectations.
• Contribute to the continuous improvement of fraud systems, controls, and processes.
• Stay current with fraud regulations, system capabilities, and industry best practices.

What you'll need to succeed

Essential:
• Proven experience in a Fraud Analyst or Financial Crime role within banking, fintech, or consultancy.
• Strong understanding of fraud systems architecture, integration processes, and vendor management.
• Experience documenting requirements and defining test scenarios for fraud systems.
• Familiarity with UK fraud regulations, including the Money Laundering Regulations, JMLSG guidance, and FCA expectations.
• Experience working with fraud detection and case management platforms.
• Excellent analytical, investigative, and documentation skills.
• Ability to work independently and collaboratively in a fast-paced, project-driven environment.
• High energy and a proactive approach to delivering results quickly and effectively.
Desirable:
• Experience with system implementation or migration projects in a financial crime context.
• Exposure to digital banking or savings institutions.
• Relevant certifications (e.g., ICA, ACAMS) are a plus.

What you need to do now

If you're interested in this role, click 'apply now' to forward an up-to-date copy of your CV, or call us now.
If this job isn't quite right for you, but you are looking for a new position, please contact us for a confidential discussion about your career.
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