Fraud Investigator - Out of Hours

Monzo; United Kingdom; Remote; GBP 26,000 - 32,000; Full time

Job summary

A progressive banking institution in the UK seeks a Fraud Investigator to join their team remotely. The successful candidate will investigate fraud claims, communicate with other banks regarding potential fraudsters, and provide support to victims of fraud. This role offers a competitive salary range of £26,000 - £31,400 and numerous benefits including a learning budget and evening allowances.

Benefits

Late evening allowance of £2,503 per year

Learning budget of £1,000 for training courses and conferences

Stock options

Comprehensive benefits package

Qualifications

• Excellent understanding of fraud investigation processes.
• Empathetic approach to supporting fraud victims.
• Strong communication skills in conveying complex information.

Responsibilities

• Investigate claims with empathy and attention to detail.
• Report fraud to other banks when our customers have been victims.
• Make decisions on cases and uphold or decline fraud claims.

Skills

Excellent English written & verbal communication skills

Previous experience in Fraud, customer service or a related field

Ability to be persuasive and empathetic

Strong expertise in investigating, problem solving and decision making

Ability to work well independently & be collaborative

Ability to work to deadlines

Values driven approach

Job description

We’re on a mission to make money work for everyone.

We’re waving goodbye to the complicated and confusing ways of traditional banking.

After starting as a prepaid card, our product offering has grown a lot in the last 10 years in the UK. As well aspersonal and business bank accounts, we offer joint accounts, accounts for 16-17 year olds, a free kids account and credit cards in the UK, with more exciting things to come beyond. Our UK customers can also save, invest andcombine their pensions with us.

With our hot coral cards and get-paid-early feature, combined with financial education on social media and our award winning customer service, we have a long history of creating magical moments for our customers!

We’re not about selling products - we want to solve problems and change lives through Monzo ️

Hear from our UK team about what it's like working at Monzo

Remote in the UK | £26,000 - £31,400 + £2,503 evening allowance + Benefits | Hear from the team

Working 37.5 hours per week, 5pm - 1:30am Monday - Sunday, 1 in 3 weekend rotation.

Start date - Monday 20th October

About us:

We’re here to make money work for everyone and we're doing things differently. For too long, banking has been obtuse, complex and opaque.

We want to change that and build a bank with everyone, for everyone. Our amazing community suggests features, test the app and give us constant feedback so we can build something everyone loves.

We're focused on solving problems, rather than selling financial products. We want to make the world a better place and change people's lives through Monzo.

Our Financial Crime & Fraud Team:

Our Mission in the Financial Crime & Fraud Collective is to earn and keep our customers’ trust, support Monzo’s safe growth, and contribute to building a safer society. Our Fraud Investigators are crucial to the success of this mission.

What you’ll be working on;

The Fraud Investigator role within our overnight pillar is broken into 3 parts of Fraud, Pusue which facilitates and acts on vital communication between Monzo and other institutions; helping us to prevent the loss of funds to fraudsters both within Monzo and across the industry. This communication falls into three main categories:

The second part is within our Protect pillar which provides vital after-care to Monzo customers who have fallen victim to value fraud across a range of touch points, including:

The third is within our Prevent pillar which provides vital intervention and response to Monzo customers who are experiencing potential active fraud attempts on their funds across two main channels:

• Communication to other banks about potential fraudsters in their customer base
• Communication from other banks about potential fraudsters in Monzo’s customer base
• Communication to and from CIFAS about potential fraudsters in Monzo’s customer base
• Communication with law enforcement about crime we discover as part of our investigations
• Unauthorised card fraud
• Unauthorised faster payment fraud
• Authorised card payment fraud
• Authorised faster payment fraud
• Third party account takeover attempts
• Please note, as part of your role you will be required to make outbound calls

Your day to day:

Fraud Investigators within our Fraud pillars work to a mixture of regulated and unregulated deadlines. Their role supports the quality of performance and knowledge across the pillar.

• Investigate claims with empathy and attention to detail
• Investigating and reporting fraud to other banks when our customers have been a victim of fraud
• Triaging and taking initial action on inbound communications from a range of institutions
• Creating and actioning indemnities and defunds where needed
• Writing Suspicious Activity Reports (SARs)
• Probing for further evidence where needed
• Making decisions on cases and uphold or decline fraud claims
• Submitting accounts for closure where first party concerns are held following investigation (in line with relevant guidance)
• Safeguarding compromised accounts and taking appropriate remedial action to ensure customers can resume safe usage of their Monzo account
• Providing advice and support to victims of fraud on how they can protect themselves in the future
• Completing any post-investigation activity as required
• Gathering evidence from flagged transaction data
• Independently make decisions on cases and release or block flagged transactions
• Collaboratively make decisions on cases and release or block flagged transactions
• Reviewing limit increase requests from customers

You should apply if you have:

• Excellent English written & verbal communication skills
• Previous experience in Fraud, customer service or a related field
• Ability to be persuasive and empathetic
• Strong expertise in investigating, problem solving and decision making
• Ability to work well independently & be collaborative with the wider team
• Ability to work to deadlines
• Values driven approach in line with Monzo’s core values

Our interview process involves 2 main stages:

• Application questions
• 1 hour interview, held virtually

Our average process takes around 3-4 weeks but we will always work around your availability. You will have the chance to speak to our recruitment team at various points during your hiring process, but if you

do have any specific questions before this please contact us on Sophiewalker@monzo. Please also use that email to let us know if there's anything we can do to make your application process easier for you, because of disability, neurodiversity or any other personal reason.

What's in it for you:

• £26,000 - £31,400 base salary plus stock options
• Late evening allowance of £2503 per year
• This is a remote opportunity
• Learning budget of £1,000 a year for books, training courses and conferences
• And much more, see our full list of benefits here

Please note we will only close this role once we have enough applications for the next stages. Please submit your application asap to avoid any disappointment.

Equal opportunities for everyone

Diversity and inclusion are a priority for us and we’re making sure we have lots of support for all of our people to grow at Monzo. At Monzo, we’re embracing diversity by fostering an inclusive environment for all people to do the best work of their lives with us. This is integral to our mission of making money work for everyone. You can read more in our blog, 2024 Diversity and Inclusion Report and 2024 Gender Pay Gap Report.

We’re an equal opportunity employer. All applicants will be considered for employment without attention to age, ethnicity, religion, sex, sexual orientation, gender identity, family or parental status, national origin, or veteran, neurodiversity or disability status.

If you have a preferred name, please use it to apply. We don't need full or birth names at application stage