Fraud Risk Advisor

7 months ago

Johannesburg, South Africa Nedbank Full time

**Requisition Details & Talent Acquisition Contact**
- REQ 129429- Tshego Semenya- Location: Johannesburg**Cluster**
- Group Risk**Career Stream**
- Forensics**Leadership Pipeline**
- Manage Self: Professional

**Position**
- Fraud Risk Advisor (Avo)**Job Purpose**
- To reduce the impact of fraud by assessing control adequacy and efficacy of the current and future operational environment and recommend mitigates across Nedbank Group**Responsibilities**:
**Fraud risk management in general**
- Contain existing and potential fraud losses.
- Ensure risk mitigation actions are implemented and provide fraud risk insight.
- Ensure client needs are met and act as advisor to stakeholders.
- Collectively recommend appropriate mitigation actions and communicate trends to clients and investigators.
- Provide information on business initiatives in preparation of future fraud investigations.
- Influence the enhancement of business processes and methodologies.
- Identify fraud risk and consult with stakeholders to take corrective action.
- Ensure appropriate action is taken to mitigate fraud impact within operational risk appetite.
- Reduce fraud impact and ensure fraud risk is highlighted and source documentation for processes updated.
- Review and analyse processes, improving business results, reducing fraud losses and provide guidance on fraud trends.
- Ensure project delivery results within parameters.
- Reduce fraud losses and assist stakeholders in implementing fraud risk management processes.
- Obtain buy-in for developing new and/or enhanced processes that will improve the functioning of stakeholders' businesses

**Fraud risk management in respect of the AVO platform**
- Manage fraud risk for the Avo platform, provide guidance and oversight and reporting on the profile.
- Development of new controls on Avo based on fraud experience.
- Continuous enhancements to existing controls on Avo to mitigate fraud exposure.
- Development of fraud risk report for governance reporting requirements
- Monthly, quarterly reporting on Avo fraud risk profile.
- Development of daily loss reporting template to manage and track new fraud incidents.
- Review of risk exposure for removal of 3DS for lower value transactions
- Development of key risk indicators based on card associations.
- Monthly monitoring, tracking and reporting on the indicators. including recommendations to business to enhance control environment.
- Monthly monitoring to set thresholds.
- Liaison with 3rd party banks when blocks/rules are imposed on the Avo merchant.
- Attendee of the Beyond Banking Opcom.
- Attendance and presentation of the fraud risk profile at the Beyond Banking Opcom.
- Minimum Experience Level- 5 years’ experience in a forensic and/or risk management/advisory role in a banking or financial services environment with specific exposure to management of IT/digital risk or IT audit. Specific experience in Card will be advantageous.
- Essential Qualifications - NQF Level- Advanced Diplomas/National 1st Degrees
- Preferred Qualification- Diploma: Criminal Justice and Forensic Auditing, Advanced Diplomas/National 1st Degrees
- Preferred Certifications- Certified Fraud Examiner - preferred not essential, Institute for Commercial Forensic Practitioners (ICFP)

**Type of Exposure**
- Conducting root cause analysis
- Analysing situations or data
- Developing ways to minimize risks
- Drafting reports
- Managing conflict situations
- Influencing stakeholders to obtain buy-in for concepts and ideas
- Sharing information in different ways to increase internal stakeholders understanding
- Identifying business risks
- Comparing two or more sets of information
- Analysing and interpreting quantitative and qualitative data Working with a group to identify alternative solutions to a problem
- Interacting with diverse people
- Building and maintaining effectiv3e relationships with internal and external clients
- Analysing and interpreting quantitative and qualitative data
- Interacting with various levels of management
- Managing multiple projects

**Technical / Professional Knowledge**
- Banking knowledge
- Banking procedures
- Business Acumen
- Microsoft Office
- Nedbank policies and procedures
- Relevant regulatory knowledge
- Relevant software and systems knowledge
- Risk management process and frameworks
- Business writing skills

**Disclaimer**

**_Please contact the Nedbank Recruiting Team at +27 860 555 566_**
- **_Please contact the Nedbank Recruiting Team at +27 860 555 566_

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