Fraud Risk Analyst

Capricorn Group; North East (Erie County); On-site; USD 60,000 - 80,000; Full time

Job summary

Capricorn Group is seeking a Fraud Investigation Specialist in the North-East District to support the Forensic team in identifying and preventing fraud and financial crimes. The ideal candidate will lead investigations, analyze evidence, and contribute to fraud prevention efforts. A Bachelor's degree in forensic accounting or related field along with 1-3 years of experience in fraud investigation is required. Proficiency in tools like Microsoft Excel and Power BI is preferred. This is a permanent position offering opportunities to enhance fraud detection systems.

Qualifications

• 1–3 years’ experience in fraud investigation, audit, compliance, or forensic analysis.
• Experience investigating high-value internal fraud cases is a significant advantage.
• Certified Fraud Examiner (CFE) or working toward certification is an added advantage.

Responsibilities

• Lead or support investigations into suspected fraud, including internal fraud cases involving large sums.
• Collect, preserve, and analyze digital and physical evidence in accordance with forensic protocols.
• Support design and implementation of strengthened fraud prevention frameworks.

Skills

Fraud investigation

Data analysis

Microsoft Excel

Compliance

Education

Bachelor’s degree in forensic accounting, Criminology, Forensic Science, or related field

Tools

Microsoft PowerPoint

Microsoft Word

Forensic tools (e.g., IDEA, ACL, Power BI, SQL)

Job description

Job category: Banking, Finance, Insurance. Stockbroking

Location: North-East District

Contract: Permanent

EE position: No

Introduction

Role PurposeTo proactively support the Forensic team in identifying, investigating, and preventing internal and external fraud, financial crimes, and misconduct. The role will focus on enhancing early detection systems, improving investigation quality, and strengthening the internal control environment. This position involves end-to-end involvement in forensic investigations, from evidence gathering and data analysis to reporting and root cause assessments, all within a legally compliant and ethically sound framework.

Key Responsibilities

• Lead or support investigations into suspected fraud, including internal fraud cases involving large sums.
• Collect, preserve, and analyze digital and physical evidence in accordance with forensic protocols.
• Conduct interviews and background checks where appropriate.
• Document detailed findings and contribute to investigation reports with actionable insights.
• Identify control failures, process gaps, and recommend improvements post-investigation.

2. Strengthening Fraud Prevention & Controls

• Support design and implementation of strengthened fraud prevention frameworks.
• Proactively monitor and test internal controls to identify potential vulnerabilities.
• Manage whistleblowing systems and ensure timely escalation of red flags.
• Conduct fraud awareness campaigns, refresher trainings, and staff sensitization workshops.
• Collaborate with Internal Audit, Compliance, and Risk teams on preventive risk strategies.
• Maintain up-to-date fraud case registers and investigation files.
• Log, monitor, and track cases using MetricStream with high accuracy and completeness.
• Coordinate with HR, Legal, and Compliance during investigations.
• Engage directly with external authorities such as DCEC, Botswana Police, BURS, and other law enforcement agencies.
• Ensure legal and procedural compliance in all investigative and reporting activities.
• Use data analytics tools to detect anomalies, unusual patterns, or emerging fraud trends.
• Extract, analyze, and interpret data from core systems to support investigations.
• Assist in developing automated fraud detection rules and dashboards.
• Prepare high-quality reports and executive summaries for senior management and the Board where required.
• Maintain updated dashboards for case progress and investigation outcomes.
• Contribute insights to enterprise risk assessments from a fraud risk perspective.
• Track and report investigation KPIs, timelines, and process improvements post-incident.

Qualifications & Experience

• Bachelor’s degree in forensic accounting, Criminology, Forensic Science, or related field
• 1–3 years’ experience in fraud investigation, audit, compliance, or forensic analysis
• Experience investigating high-value internal fraud cases is a significant advantage
• Proficiency in Microsoft Excel, PowerPoint, Word; knowledge of forensic tools (e.g., IDEA, ACL, Power BI, SQL) is a plus
• Certified Fraud Examiner (CFE) or working toward certification is an added advantage.

Key Performance Indicators (KPIs)

• Timely and comprehensive completion of fraud investigations
• Accuracy and quality of analytical work and evidence handling
• Identification and closure of control gaps post-investigation
• Improved fraud detection response times and case resolutions
• Active participation in fraud risk assessments and training efforts
• Reduction in repeated or similar fraud incidents