Identify risk factors and trends of potentially fraudulent activity utilizing technical data analysis and statistical interpretation
Utilize analytics to optimize existing fraud strategies, in order to reduce false positive rates and increase fraud detection rates
Identify gaps and situations that increase probability of fraud occurrence in current systems, policies and strategies and apply fraud counter measures to mitigate risks and vulnerabilities
Perform Know Your Customer (KYC), and/or Anti-Money Laundering (AML) and/or Countering the Financing of Terrorism checks on customers in accordance with established policies and procedures
Generate fraud metrics to show the performance of fraud systems for use in management reporting
Recommend enhancements and process improvements based on assessment of fraud systems and processes
Develop trending reports and key indicators to serve as early warning risk indicators for potentially fraudulent activity
Build strong relationships with all functions and anticipate situations of fraud in different business areas and activities
Promote awareness through the coordination of fraud detection monitoring, system enhancements, and statistical trend analysis
Monitor and report on fraud risks for the fintech business (perform regular risk assessments, analyze current risks and identify potential risks), in line with the, implementation guidelines received
Risk assess and provide findings for the effectiveness of antifraud programs and controls in place,
Assist in the development and implementation of comprehensive fraud detection strategies and business rules that balance fraud loss, cost of execution, and customer experience
Support with performing investigations regarding actual and suspected fraud activities, providing insight and appropriate resolution to the business units.
Familiarize with the fintech’s previous handling of risks, and identify areas for course-correction
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