Funding Compliance & Fraud Analyst

IBFSG - The Institute of Banking & Finance Singapore; Singapore; On-site; SGD 60,000 - 90,000; Full time

Job summary

IBFSG - The Institute of Banking & Finance Singapore is seeking a Compliance Analyst to help combat fraud and abuse of funding schemes by analyzing assigned cases, conducting audits, and preparing reports.

You will identify high-risk entities through data analytics and support the Head of Compliance in designing tools to improve surveillance and ensure compliance with IBF’s terms and conditions.

Qualifications

• Proactive, self-driven, resourceful, and results oriented.
• Collaborative yet able to work independently in a team environment.
• Logical, organised, and systematic in handling and analysing information and data.
• Ability to question, probe and analyse.
• Good project and time management skills.
• Data literacy and ability to use data to support decision making would be an advantage.
• Relevant experience in auditing/ compliance roles in the area of government subsidies/ funding would be an advantage.

Responsibilities

• Primary role: Analyse assigned compliance cases for fraud, abuse, or breach of IBF T&Cs, conduct audit and investigation, prepare audit report, and make recommendations to conclude the cases and propose mitigating measures to prevent recurrence.
• Supporting role: Identify key risk areas and high-risk entities/ claims for audit through data and fraud analytics, anomaly detection, claims patterns, whistle blowing etc.
• Supporting role: Support Head of Compliance Division in designing and enhancing compliance tools and initiatives to enhance surveillance, deter abuses and improve voluntary compliance of IBF’s T&Cs.

Job description

IBFSG - The Institute of Banking & Finance Singapore is seeking a Compliance Analyst to help combat fraud and abuse of funding schemes by analyzing assigned cases, conducting audits, and preparing reports.

You will identify high-risk entities through data analytics and support the Head of Compliance in designing tools to improve surveillance and ensure compliance with IBF’s terms and conditions.