MFC Forensic Investigator

Nedbank; Sandton; On-site; ZAR 350,000 - 600,000; Full time

Job summary

Nedbank is seeking a dedicated investigator to conduct fraud investigations on MFC accounts, applying forensic methods to mitigate risk and ensure regulatory compliance across Nedbank and subsidiaries.

You will build and maintain stakeholder relationships, attend professional forums, and escalate findings to senior leadership while reporting to relevant authorities as required. The role emphasizes ethics, governance and regulatory knowledge within banking operations.

Qualifications

• Minimum 3 years experience in banking environment and/or conducting investigations
• 3 years or more experience in conducting forensic investigations
• 3 years or more experience in Banking and Finance

Responsibilities

• Build, manage and maintain stakeholder relationships through face-to-face interaction and networking.
• Ensure stakeholder needs and expectations are met and keep stakeholders updated on progress of requests for analytical and forensic support.
• Attend industry and professional forums, sharing best practice and creating synergies.
• Alert and liaise with relevant investigation units and/or product owners through formal interaction.
• Alert and/or liaise with other banks or relevant institutions regarding possible fraudulent activities.
• Timeous case reporting to all relevant authorities.
• Improve personal capability and stay abreast of crime trends and developments in the field of expertise.
• Ensure all personal development plan activities are completed within specified timeframe.
• Share knowledge of criminal and/or unethical trends and modus operandi with team and stakeholders.
• Participate in Nedbank culture building initiatives and corporate social responsibility initiatives for the achievement of key business strategies.
• Monitoring of portfolio to ensure the agreed turnaround times for completing fraud investigations are met.
• Assist clients and respond to all client requests or queries within specified turnaround time.
• Utilise and access various resources to conduct investigations and/or ad hoc requests to report fraudulent and/or inappropriate activities.
• Collaborate with external vendors to trace clients and uplift vehicles.
• Follow interviewing processes and relevant investigation methodologies, update processes and where relevant, escalate to chief risk officer and relevant stakeholders.
• Analyse information and conduct root cause analysis, draft quality reports and recommend potential solutions, identify gaps in processes and/or raise awareness of modus operandi to business.
• Ensure accurate presentation of evidence.

Skills

Ethics & Fraud

Fraud investigation

Governance & Controls

Regulatory knowledge

Regulatory & risk legislation

Software knowledge

Business writing

Decision making

Customer focus

Quality orientation

Managing work

Education

Advanced Diploma/National 1st Degree

Diploma: Criminal Justice & Forensic Auditing

Job description

To conduct fraud investigations on MFC accounts by following forensic and relevant methodologies to mitigate fraud, reputational risk and criminal liability and ensure regulatory requirements in Nedbank, including subsidiaries are met.

Job Responsibilities

• Build, manage and maintain stakeholder relationships through face-to-face interaction and networking and ensure close co-operation and exchange of information.
• Ensure stakeholder needs and expectations are met and keep stakeholders updated on progress of requests for analytical and forensic support.
• Attend industry and professional forums, sharing best practice, creating synergies and collaborative professional relationships.
• Alert and liaise with relevant investigation units and/or product owners through formal interaction.
• Alert and/or liaise with other banks or relevant institutions regarding possible fraudulent activities and events.
• Timeous case reporting to all relevant authorities.
• Improve personal capability and stay abreast of crime trends and developments in field of expertise.
• Ensure all personal development plan activities are completed within specified timeframe and as per agreement with management.
• Share knowledge of criminal and/or unethical trends and modus operandi with team and stakeholders during formal and informal interaction.
• Participate in Nedbank culture building initiatives and corporate social responsibility initiatives for the achievement of key business strategies.
• Monitoring of portfolio to ensure the agreed turnaround times for completing fraud investigations are met.
• Assist clients and respond to all client requests or queries within specified turnaround time.
• Utilise and access various resources to conduct investigations and/or ad hoc requests to report fraudulent and/or inappropriate activities.
• Collaborate with external vendors to trace clients and uplift vehicles.
• Follow interviewing processes and relevant investigation methodologies, update processes and where relevant, **escalate** to chief risk officer and relevant stakeholders.
• Analyse information and conduct root cause analysis, draft quality reports and recommend potential solutions, identify gaps in processes and/or raise awareness of modus operandi to business.
• Ensure accurate presentation of evidence.

Essential Qualifications - NQF Level

• Advanced Diplomas/National 1st Degrees

Preferred Qualification

• Diploma: Criminal Justice and Forensic Auditing

Minimum Experience Level

• Minimum 3 years experience in banking environment and/or conducting investigations
• 3 years or more experience in conducting forensic investigations?
• 3 years or more experience in Banking and Finance?

Technical / Professional Knowledge

• Ethics and Fraud
• Fraud investigation methodology
• Governance, Risk and Controls
• Relevant regulatory knowledge
• Relevant software and systems knowledge
• Business writing skills
• Relevant regulatory, compliance and risk legislation
• Communication
• Customer Focus
• Decision Making
• Managing Work
• Quality Orientation

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Nedbank Ltd Reg No 1951/000009/06.
Authorised financial services and registered credit provider (NCRCP16).