Job Overview:
We are seeking a highly skilled and experienced Fraud & Risk manager to join our team. The candidate must have experience in Fraud Risk areas and shall possess an analytical mindset to identify and mitigate fraudulent activities The ideal candidate will have to monitor transactions, processes and activities for fraud prevention purpose, to detect suspicious patterns and transactions or behavior though data analysis, and investigate potential fraud cases.
Excellent communication and presentation skills are essential for this role.
Job Responsibilities:
- Monitor and analyze transactions and activities to detect suspicious behavior and potential fraud.
- develop and implement fraud detection strategies and their processes.
- Conduct thorough investigations of suspected fraud cases and document findings.
- Collaborate with cross-functional teams to enhance fraud prevention measures.
- Prepare detailed reports and presentations on fraud trends and investigation outcomes.
- Work closely with other departments, including IT, Finance, and Operations, to ensure comprehensive fraud detection and prevention.
- Participate in regular team meetings to discuss ongoing cases and share insights.
- Provide training and support to team members on fraud awareness, detection techniques.
- Foster a collaborative environment to continuously improve fraud prevention strategies.
Skills Required:
- Ability to monitor transactions and detect suspicious activities using data analysis
- Experience investigating potential fraud cases and implementing fraud detection techniques
- Strong analytical, critical thinking, and problem‑solving skills
- Proficiency in data analysis; programming is an advantage
- Strong systems, database, Excel, and Power BI skills
- Experience in the insurance industry preferred
- Results‑driven, detail‑oriented, and highly organized
- Strong English communication and interpersonal skills
- Adaptable, flexible, and able to handle confidential information professionally
Education and Qualifications:
- Bachelor's degree in Finance, Accounting, Computer Science, or a related field.
- Proven experience as a Fraud & Risk Analyst or in a similar role, in an insurance industry
- Strong analytical skills with the ability to interpret complex data.
- Proficiency in using analytical tools and software (e.g., SQL, Excel, SAS, Power BI, coding programs).
- Knowledge of regulatory requirements related to fraud prevention.
- Programming, database management and trends analysis.
- Experience with fraud detection systems and software is a plus.
- Certification in fraud examination (e.g., CFE) is a must
- Excellent communication and presentation skills.
- Ability to work independently and as part of a team.
- High level of integrity and attention to detail.
