A financial institution in Singapore is seeking a Fraud Investigator to monitor accounts and investigate suspected fraudulent activities. The role involves collaborating with law enforcement, preparing reports, and providing support to customers affected by fraud. Candidates should have a degree and at least 5-10 years of investigative experience in fraud risk areas. Excellent communication skills and a strong understanding of fraud typologies in the financial industry are essential for success in this position.
Qualifications
At least 5-10 years of relevant investigative experience in fraud risk and scam-related areas is preferred.
Strong relationships with Law Enforcement Agencies will be a plus.
Knowledge of Consumer Banking business practices, processes and procedures.
Responsibilities
Monitoring accounts and transactions for suspicious activity.
Conducting in-depth investigations of suspected fraudulent activities.
Providing support and guidance to customers who have been victims of fraud.
Skills
Technical and Regulatory Knowledge related to Fraud and Scams
Good communication and interpersonal skills
Ability to perform under pressure
Strong understanding of changing fraud and scams typologies
Education
Degree
Job description
Monitoring accounts and transactions for suspicious activity using various tools and systems.
Analysing fraud alerts and reports to identify potential fraud patterns and trends.
Investigating fraud cases, gathering evidence and documenting findings by collaborating with outsourced service provider if necessary.
Investigation and Resolution
Conducting in-depth investigations of suspected fraudulent activities and escape cases accordingly.
Interviewing customers, employees, and other relevant parties.
Collaborating with law enforcement agencies and other internal teams (e.g., legal, compliance, ITD). Participate in Fidrecadjudication,when necessary.
Developing and implementing fraud prevention strategies and controls.
Educating customers, staff, and the public on fraud risks and prevention techniques.
Recommending improvements to existing rules in fraud detection system and procedures/processes for operationalefficiencyandeffectiveness.
Reporting and Compliance
Preparing management reports and regulatory reports.
Be conversant with relevant laws, regulations, and Bank policies.
Staying updated on the latest fraud trends and regulatory changes.
Customer Support
Providing support and guidance to customers who have been victims of fraud.
Assisting with account recovery and providing advice on fraud prevention.
Collaboration and Communication
Collaborating with internal stakeholders within the Bank and externally withRegulators/SPF/Anti-ScamCentre/peer banksand fraud risk industry counterpartsto share information and coordinate efforts.
Communicating effectively with customers, both verbally and in writing.
Requirements
Qualifications
Degree
Professional Qualification and/or Regulatory, Licensing Requirements