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- Tasks: Join a dynamic team as a Fraud Analyst, tackling fraud detection and compliance daily.
- Company: Be part of a leading digital consultancy supporting a major UK savings bank.
- Benefits: Enjoy a fast-paced environment with opportunities for professional growth and development.
- Why this job: Make a real impact in financial security while working with cutting-edge technology.
- Qualifications: Experience in fraud analysis or financial crime is essential; familiarity with UK regulations is a plus.
- Other info: Ideal for energetic individuals eager to drive results in a collaborative setting.
The predicted salary is between 36000 - 60000 £ per year.
Hays are seeking a highly capable Fraud Analyst to join a leading digital consultancy, supporting a major UK savings bank. This role is ideal for someone with a strong understanding of fraud systems and regulatory compliance, particularly in the context of integrating third-party solutions into complex financial environments. The successful candidate will bring energy and drive to deliver results at pace, while acting as a subject-matter expert (SME) on fraud regulations.
Key Responsibilities:
- Lead and support the integration of third-party fraud systems, ensuring alignment with internal compliance frameworks and regulatory standards.
- Collaborate with technology and vendor teams to configure, test, and deploy fraud detection tools.
- Document business requirements and testing scenarios for fraud-related projects.
- Conduct fraud investigations and reviews, leveraging system outputs to identify suspicious activity.
- Perform customer due diligence (CDD), enhanced due diligence (EDD), and sanctions screening as required.
- Analyse alerts and escalate cases in line with internal procedures and regulatory expectations.
- Draft and submit Suspicious Activity Reports (SARs) to relevant authorities.
- Provide subject matter expertise on fraud regulations and compliance expectations.
- Contribute to the continuous improvement of fraud systems, controls, and processes.
- Stay current with fraud regulations, system capabilities, and industry best practices.
What you'll need to succeed:
Essential:
- Proven experience in a Fraud Analyst or Financial Crime role within banking, fintech, or consultancy.
- Strong understanding of fraud systems architecture, integration processes, and vendor management.
- Experience documenting requirements and defining test scenarios for fraud systems.
- Familiarity with UK fraud regulations, including the Money Laundering Regulations, JMLSG guidance, and FCA expectations.
- Experience working with fraud detection and case management platforms.
- Excellent analytical, investigative, and documentation skills.
- Ability to work independently and collaboratively in a fast-paced, project-driven environment.
- High energy and a proactive approach to delivering results quickly and effectively.
Desirable:
- Experience with system implementation or migration projects in a financial crime context.
- Exposure to digital banking or savings institutions.
- Relevant certifications (e.g., ICA, ACAMS) are a plus.
If you're interested in this role, click 'apply now' to forward an up-to-date copy of your CV, or call us now.
If this job isn't quite right for you, but you are looking for a new position, please contact us for a confidential discussion about your career.
Fraud Analyst employer: Hays Specialist Recruitment Limited
Contact Detail:
Hays Specialist Recruitment Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Fraud Analyst
✨Tip Number 1
Familiarise yourself with the latest UK fraud regulations and compliance standards. Being well-versed in these areas will not only boost your confidence during interviews but also demonstrate your commitment to staying current in the field.
✨Tip Number 2
Network with professionals in the financial crime and fraud analysis sectors. Attend industry events or join relevant online forums to connect with others who can provide insights or even refer you to opportunities within their organisations.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully integrated fraud systems or managed vendor relationships in past roles. Real-life scenarios will showcase your expertise and problem-solving skills, making you a more attractive candidate.
✨Tip Number 4
Stay updated on the latest trends and technologies in fraud detection tools. Being knowledgeable about cutting-edge solutions will position you as a forward-thinking candidate who can contribute to the continuous improvement of fraud systems.
We think you need these skills to ace Fraud Analyst
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of a Fraud Analyst. Familiarise yourself with fraud systems, regulatory compliance, and the specific skills mentioned in the job description.
Tailor Your CV: Customise your CV to highlight relevant experience in fraud analysis or financial crime roles. Emphasise your understanding of fraud systems architecture and any experience with vendor management or regulatory compliance.
Craft a Strong Cover Letter: Write a compelling cover letter that showcases your passion for the role and your expertise in fraud regulations. Mention specific examples of how you've successfully integrated fraud systems or conducted investigations in previous positions.
Highlight Relevant Skills: In your application, clearly outline your analytical, investigative, and documentation skills. Provide examples of how you've worked independently and collaboratively in fast-paced environments, as these are key attributes for the role.
How to prepare for a job interview at Hays Specialist Recruitment Limited
✨Know Your Fraud Regulations
Make sure you brush up on UK fraud regulations, including the Money Laundering Regulations and FCA expectations. Being able to discuss these confidently will show that you are well-prepared and knowledgeable about the compliance landscape.
✨Demonstrate Your Analytical Skills
Prepare to showcase your analytical and investigative skills during the interview. You might be asked to solve a hypothetical fraud case or analyse a scenario, so think through your approach and be ready to explain your reasoning.
✨Familiarise Yourself with Fraud Systems
Since the role involves working with fraud detection tools, it’s beneficial to have a good understanding of various fraud systems architecture and integration processes. Be prepared to discuss any relevant experience you have with these technologies.
✨Show Your Collaborative Spirit
This role requires collaboration with technology and vendor teams, so be ready to share examples of how you've successfully worked in a team environment. Highlight your ability to communicate effectively and drive results together with others.
