Fraud Risk Analyst

3 months ago

Johannesburg, South Africa Absa Bank Limited Full time

Empowering Africa’s tomorrow, together one story at a time.
- With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group. Job Summary

To support the delivery of the Fraud Risk Strategy by continuously optimizing fraud rules through tactical and strategic fraud rules concluded from data analytics by performing:

- Daily health checks of fraud detection and prevention rates, and alert queues
- Implement fraud rules to detect and prevent fraud
- Optimize fraud rules to improve fraud detection and prevention rates tactically and strategically
- Fraud monitoring system reviews
- Process mappings and execution for rule management in line with process & governance

Job Description

Key accountabilities

Rule optimization and performance- Ensure procedure alignment with testing and deployment of fraud rules to make certain that the proposed fraud rules are correctly implemented in the detection systems ensuring effective performance of fraud rules.-
- Use the improved system functions and order/hierarchy of fraud rules to improve performance execution of system.- Ensure sufficient space is available for new fraud rules by ensuring that redundant and non-performing rules are removed from the rule engine as part of BAU monitoring.-
- Examine undetected fraud and optimize current rules or implement new fraud rules to effectively mitigate against new fraud trends/modus.- Reduce approved fraud by scrutinizing if current fraud rules can be optimized to prevent fraud.- Run validity of rule firings to identify accuracy from fraud rule logic.

Governance and Reporting- Archive fraud rule changes by ensuring that all information regarding the fraud rule changes have been saved centrally for easy retrieval including approvals for fraud rule changes, peer review confirmations and updated rule logs.- Ensure that all processes executed or distributed daily/weekly/monthly are documented, up to date and accessible by all peers.- Produce ad-hoc analysis reports on specific fraud related issues, provide insightful commentary to support the data.- Be able to create new reports that will assist with Fraud analytics strategic goals.

Relationship Management- Work together with cross functional teams.- Liaise regularly with relevant stakeholders.- Timely escalation of potential issues to relevant stake holders.- Ensure that the relevant stakeholders’ requirements are understood

Education

Postgraduate Degrees and Professional Qualifications: Mathematics
- Absa Bank Limited reserves the right not to make an appointment to the post as advertised_

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