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For Companies At a Glance
- Tasks: Join our team to analyse risks and fraud in the financial sector.
- Company: We're a leading firm in Risk and Compliance, based in Leeds.
- Benefits: Enjoy hybrid working, competitive salary, and opportunities for growth.
- Why this job: Make a real impact in financial security while developing your skills in a dynamic environment.
- Qualifications: Experience in risk analysis and knowledge of UK/EU regulations is essential.
- Other info: Ideal for detail-oriented individuals who thrive in a fast-paced setting.
The predicted salary is between 36000 - 60000 £ per year.
The Risk and Fraud analyst role forms a key part of the Risk and Compliance team. The role is mainly based in the Leeds office with some home working available. The ideal candidate should have notable experience of Risk and Fraud analysis, ideally in the payment, banking or e-money industry or wider financial services sector. A practical working knowledge of relevant UK and EU regulations including GDPR, Money Laundering Regulations, Risk and Card Scheme compliance is required as a key aspect of the role is putting these into practice by performing merchant screening, due diligence, financial crime monitoring along with other Risk and Compliance duties.
Key Responsibilities
- Verify identities of merchants on review of new applications including KYC ownership structure and business details.
- Assess merchant’s financial health and business risks, including fraud, credit, financial, compliance, regulatory and reputational risk.
- Perform due diligence checks at all times and identify suspicious activity, reporting these where required.
- Monitor and audit merchant activity on an ongoing basis, and mitigate risks as needed.
- Completing first and second line monitoring in line with company policies.
- Chargeback and fraud monitoring and reporting including related administration.
- Undertaking website reviews, application assessments, credit risk underwriting and management along with legislation reviews.
- Using third party tools and services to assist in tasks such as website monitoring, identity checks, online searches etc.
- Producing and developing internal processes and reports as required by the business.
- Support the team to ensure that performance standards and business objectives are met.
- Acting with skill, care and diligence when dealing with third parties.
- Maintaining the Risk and Compliance Culture along with other key business relationships.
What We’re Looking For
- Detail oriented, deadline driven, self-directed and organised individual.
- Must have excellent communication skills.
- Excellent analytical, problem solving and gap analysis skills.
- Proven ability to excel in a multi-tasking environment.
- Positive, ambitious, willing to learn and develop skillsets.
- Innovative mindset with the ability to develop ideas, seeking ways to add value to the Risk and Compliance team and the wider business in general.
- A good understanding of Microsoft Office specifically Word, Excel and Outlook.
- Have an inquisitive and investigative nature with a general characteristic of someone who does not necessarily accept everything at face value.
Fraud & Risk Analyst employer: Tribe Recruitment
Contact Detail:
Tribe Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Fraud & Risk Analyst
✨Tip Number 1
Familiarise yourself with the latest UK and EU regulations related to fraud and risk management. Understanding GDPR, Money Laundering Regulations, and compliance standards will not only boost your confidence but also demonstrate your commitment to the role.
✨Tip Number 2
Network with professionals in the financial services sector, especially those working in risk and compliance. Attend industry events or join relevant online forums to gain insights and make connections that could help you stand out during the hiring process.
✨Tip Number 3
Showcase your analytical skills by preparing examples of how you've successfully identified and mitigated risks in previous roles. Be ready to discuss specific situations where your problem-solving abilities made a significant impact.
✨Tip Number 4
Demonstrate your innovative mindset by thinking of ways to improve existing processes within risk and compliance. Prepare a few ideas to share during your interview, as this will highlight your proactive approach and willingness to contribute to the team.
We think you need these skills to ace Fraud & Risk Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in risk and fraud analysis, particularly within the payment, banking, or financial services sectors. Use specific examples that demonstrate your understanding of UK and EU regulations.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention how your skills align with the key responsibilities listed in the job description, such as performing due diligence checks and monitoring merchant activity.
Highlight Relevant Skills: Emphasise your analytical, problem-solving, and communication skills. Provide examples of how you've successfully managed risks or identified suspicious activities in previous roles to showcase your suitability for the position.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for a role in risk and compliance.
How to prepare for a job interview at Tribe Recruitment
✨Showcase Your Analytical Skills
As a Fraud & Risk Analyst, your analytical abilities are crucial. Be prepared to discuss specific examples of how you've used data analysis to identify risks or fraud in previous roles. Highlight any tools or methodologies you employed.
✨Demonstrate Knowledge of Regulations
Familiarise yourself with UK and EU regulations relevant to the role, such as GDPR and Money Laundering Regulations. During the interview, be ready to explain how you have applied these regulations in past experiences, particularly in risk assessment and compliance.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your problem-solving skills. Think about potential situations you might face in the role, such as identifying suspicious activity or conducting due diligence, and prepare structured responses on how you would handle them.
✨Emphasise Communication Skills
Effective communication is key in this role. Be ready to discuss how you've communicated complex information to different stakeholders in the past. Provide examples of how you’ve worked collaboratively within a team to achieve compliance objectives.
