Fraud and Financial Crime Investigator

Onmo; City Of London; On-site; GBP 40,000 - 60,000; Full time

Job summary

A financial services company in the City of London seeks a Fraud and Financial Crime Investigator to enhance their fraud team's capabilities. The ideal candidate will have over 4 years of experience in a comparable role and must be adept at conducting thorough investigations into fraud and financial crime. Responsibilities include managing referrals, utilizing fraud prevention tools, and collaborating with various stakeholders to ensure compliance and customer satisfaction. An understanding of regulatory rules is essential for success in this position.

Qualifications

• Experience in managing fraud or financial crime investigations for over 4 years.
• Understanding of various fraud types and mitigation strategies.
• Familiarity with compliance regulations related to fraud and financial crime.

Responsibilities

• Work referrals into Fraud Team from applications and accounts.
• Conduct investigations into potential fraud instances.
• Use tools like Cifas and CrossCore for decision-making.
• Handle customer disputes effectively.
• Minimize financial impact of fraud and maximize recovery chances.
• Submit fraud reports to external parties.
• Stay updated on industry trends and suggest process improvements.
• Support in the development of fraud policies and procedures.

Skills

Attention to detail

Problem-solving

Empathy

Research ability

Team collaboration

Education

4+ years in Fraud or Financial Crime role

Tools

SQL

Microsoft Office

Job description

ABOUT US

Onmo believes that everyone has the right to access, understand and manage their money with confidence. Our ambition is to improve lives by providing better clarity, intelligence and technology to empower every individual in making the smartest financial decisions. We may be young but we have an incredible team in place and big ambitions for the years ahead.

We design our products to help demystify money matters wherever possible, providing customers with more financial control and flexibility in their lives. This helps them get more from what they have, or with smart decisions, make more of the same. It also means people spend less time with the negative aspects of money and more on the positive - enjoying what the world has to offer.

ABOUT THE ROLE

Onmo is looking for a Fraud and Financial Crime Investigator to assist in giving our business’s fraud team additional defense in mitigating the risks of Fraud and Financial Crime to Onmo and our Customers. The Fraud and Financial Crime Investigator will deal with various queries relating to fraud and financial crime at the application stage and throughout the entire customer lifecycle.

RESPONSIBILTIES

• Efficiently work referrals into the Fraud Team coming both from applications and in-life accounts in line with current standards
• Conduct objective, fair and timely investigations into potential fraud and financial crime instances to ensure that the interests of both Onmo and our genuine customers are satisfied
• Use industry prevention/mitigation tools and systems e.g. Cifas, CrossCore etc. to assist investigation and decision-making
• Deal with customer disputes in relation to activity on their account and see them through to the correct resolution
• Act decisively to minimize the financial impact of fraud on victims and Onmo and maximise the chance of recovery where appropriate
• Submit accurate and comprehensive reports of fraud to relevant external parties that Onmo use including, but not limited to, Cifas and law enforcement.
• Remain up-to-date with the latest trends and typologies within the industry, be able to apply them to your day-to-day work and use them to recommend enhancements to existing processes
• Support the Head of Fraud and Financial Crime as required in the development of fraud policies and procedures - suggest improvements to ensure they are effective and up-to-date

FCA Compliance & Consumer Duty

At Onmo we all take collective responsibility for our individual roles in creating the best outcomes for our customers. In this role that involves;

• Identifying and raising risk events in a timely manner when spotted
• Keeping up to date with changes in relevant regulatory rules
• Following the FCA Conduct Rules;
  • You must act with integrity
  • You must act with due skill, care and diligence
  • You must be open and cooperative with the FCA, PRA and other regulators
  • You must pay due regard to the interests of customers and treat them fairly
  • You must observe proper standards of market conduct

ABOUT YOU

• A keen eye for, and persistence in, identifying crucial information not always readily available or obvious in the scenarios presented to you
• An ability to use varied tools and research methods to assist in reaching a considered judgement.
• Ability to work effectively and empathetically with both customers and internal stakeholders
• Team oriented with a collaborative approach while able to work with initiative where appropriate
• Well-organised with good time-management skills

QUALIFICATIONS / EXPERIENCE

• 4+ years of experience in a similar Fraud or Financial Crime role
• An understanding of Fraud & Financial Crime risks
• An understanding of a variety of fraud types and how to handle them
• An understanding of the rules around Fraud and Financial Crime in a regulated environment
• Working experience of general business tools (e.g. Microsoft Office)
• History in working chargebacks, disputes and refunds is preferred but not required.
• Proficiency in working with SQL and large data analysis is preferred but not required.