Fraud Analyst

Placements24; Upington; Hybrid; ZAR 300,000 - 520,000; Full time

Benefits offered by this job

Hybrid work model

Health benefits

Retirement benefits

Training in fraud prevention

Job summary

Placements24 is seeking a vigilant Fraud Analyst to join our financial crime prevention unit in Mahikeng. You will monitor transactions, investigate suspicious activity, and help implement measures to detect and prevent fraud across banking channels.

This role requires strong analytical skills, keen attention to detail, and excellent reporting. You will collaborate with operations, customer service, and legal teams to document cases and refine fraud-detection rules, safeguarding customers and

Qualifications

• Bachelor's degree in Finance, Criminology, Data Analysis or related field.
• 2+ years' experience in fraud analysis, risk management or related banking/financial services role.
• Familiarity with fraud detection techniques and relevant technologies.

Responsibilities

• Monitor real-time transactions and customer activities for signs of fraudulent behavior.
• Investigate potentially fraudulent activities and document findings.
• Collaborate with internal teams to resolve fraud cases and report on incidents.

Skills

Analytical thinking

Attention to detail

Communication skills

Education

Bachelor's degree in Finance, Criminology, Data Analysis

Tools

Fraud detection systems

Analytical tools

Job description

About the Role

Our client is seeking a vigilant and detail-oriented Fraud Analyst to join their financial crime prevention unit in Mahikeng. In this critical role, you will be responsible for monitoring transactions, investigating suspicious activities, and implementing measures to detect and prevent fraud across various banking channels. Your sharp analytical skills will be essential in identifying emerging fraud patterns and protecting the bank and its customers from financial losses. This position offers a vital role in maintaining the security and integrity of the financial institution.

Key Responsibilities

• Monitor real-time transactions and customer activities for signs of fraudulent behavior.
• Investigate potentially fraudulent activities, gather evidence, and document findings thoroughly.
• Utilize fraud detection systems and analytical tools to identify suspicious patterns and trends.
• Collaborate with internal teams (e.g., operations, customer service, legal) to resolve fraud cases.
• Prepare reports on fraud incidents, trends, and preventative measures taken.
• Contribute to the development and refinement of fraud detection rules and strategies.

Requirements

• Bachelor's degree in Finance, Criminology, Data Analysis, or a related field.
• Experience (2+ years) in fraud analysis, risk management, or a related role within the banking or financial services sector.
• Familiarity with fraud detection techniques, typologies, and relevant technologies.
• Strong analytical and problem-solving skills, with keen attention to detail.
• Excellent written and verbal communication skills for reporting and case documentation.

Benefits

• Competitive salary and potential for performance-based bonuses.
• Comprehensive health and retirement benefits.
• Opportunities for specialized training in fraud prevention and investigation.
• A hybrid work model allowing for a blend of office and remote work.
• A vital role in safeguarding financial assets and maintaining customer trust in Mahikeng.