Fraud Analyst - Banking

Placements24; Polokwane; Hybrid; ZAR 350,000 - 550,000; Full time

Benefits offered by this job

Competitive salary

Medical aid

Flexible hybrid work

Professional growth in fraud

Job summary

Placements24 is recruiting a Fraud Analyst for a leading financial institution in Polokwane. You will detect, investigate, and prevent fraud, using advanced analytics and case management to protect customers and assets.

The role offers a flexible hybrid work model balancing office and remote work, collaboration with compliance and operations, and opportunities for professional growth in fraud prevention.

Qualifications

• Bachelor's degree in a relevant field is required.
• Minimum 3 years of fraud detection, investigation or risk experience.
• Strong data analysis and report-writing abilities.

Responsibilities

• Monitor transactions and customer activity for potential fraud.
• Investigate suspicious activities and prepare detailed reports.
• Refine detection rules to enhance prevention capabilities.
• Collaborate with internal teams and external agencies on cases.
• Stay updated on emerging fraud trends and technologies.
• Contribute to fraud awareness training for staff.

Skills

Data analysis

Fraud detection

Investigative skills

Communication

Education

Bachelor's degree in Criminology, Forensic Science, Finance, or related field

Tools

Fraud detection software

Job description

About the Role

Our client, a leading financial institution in Polokwane , is seeking a vigilant and analytical Fraud Analyst to protect its assets and customers from fraudulent activities. This role is crucial in detecting, investigating, and preventing a wide range of financial crimes. You will utilize advanced analytics and investigative techniques to identify suspicious patterns and mitigate risk. Working within a dedicated team, you will contribute to maintaining the security and trust that our clients place in the institution, operating with a flexible hybrid work model.

Key Responsibilities

• Monitor transactions and customer activities for potential fraud using specialized software and analytical tools.
• Investigate suspicious activities, gather evidence, and prepare detailed reports for management and law enforcement.
• Implement and refine fraud detection rules and strategies to enhance prevention capabilities.
• Collaborate with internal teams (e.g., customer service, operations) and external agencies to resolve fraud cases.
• Stay updated on emerging fraud trends, typologies, and prevention technologies.
• Contribute to the development and delivery of fraud awareness training for employees.

Requirements

• Bachelor's degree in Criminology, Forensic Science, Finance, or a related field.
• Minimum of 3 years of experience in fraud detection, investigation, or risk management within the banking or financial services industry.
• Proficiency in data analysis and experience with fraud detection systems.
• Strong investigative and analytical skills with meticulous attention to detail.
• Excellent written and verbal communication skills for report writing and case management.
• Ability to work independently and make sound judgments under pressure.

Benefits

• Competitive salary and potential for performance bonuses.
• Comprehensive medical aid and retirement fund benefits.
• Flexible hybrid work environment balancing office and remote work.
• Opportunities for professional growth and certifications in fraud prevention.
• A challenging and rewarding role contributing to financial security.
• Supportive team culture in our Polokwane offices.