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For Companies At a Glance
- Tasks: Join a dynamic team as a Fraud Analyst, tackling fraud systems and compliance daily.
- Company: Work with a leading digital consultancy supporting a major UK savings bank.
- Benefits: Earn £550 per day, enjoy flexible work options, and gain valuable experience.
- Why this job: Be a key player in fraud detection, making a real impact in the financial sector.
- Qualifications: Experience in fraud analysis or financial crime is essential; familiarity with UK regulations is a plus.
- Other info: This role is inside IR35 and offers a 6-month contract.
The predicted salary is between 39600 - 55000 £ per year.
Your new company and role
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
Contact Detail:
Hays 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. This knowledge will not only help you in interviews but also demonstrate your commitment to staying updated in a rapidly evolving field.
✨Tip Number 2
Network with professionals in the financial crime and fraud analysis sectors. Attend industry events or webinars to connect with potential colleagues and learn about the latest trends and challenges in fraud detection.
✨Tip Number 3
Showcase your analytical and investigative skills through practical examples during discussions. Be prepared to discuss specific cases where you've successfully identified fraudulent activity or improved fraud detection processes.
✨Tip Number 4
Research the company’s current fraud systems and any recent news related to their fraud prevention efforts. This will allow you to tailor your conversation and demonstrate how your expertise aligns with their needs.
We think you need these skills to ace Fraud Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in fraud analysis, financial crime roles, and your understanding of fraud systems. Use keywords from the job description to demonstrate your fit for the role.
Craft a Strong Cover Letter: Write a cover letter that showcases your passion for fraud analysis and your ability to integrate third-party solutions. Mention specific experiences that align with the key responsibilities outlined in the job description.
Highlight Relevant Skills: In your application, emphasise your analytical, investigative, and documentation skills. Provide examples of how you've successfully collaborated with technology teams or managed vendor relationships in previous roles.
Showcase Continuous Learning: Mention any relevant certifications or training you have completed, such as ICA or ACAMS. Highlight your commitment to staying current with fraud regulations and industry best practices, as this is crucial for the role.
How to prepare for a job interview at Hays
✨Showcase Your Expertise
Make sure to highlight your experience in fraud analysis and financial crime during the interview. Be prepared to discuss specific projects where you successfully integrated fraud systems or conducted investigations, as this will demonstrate your capability as a subject-matter expert.
✨Understand Regulatory Compliance
Familiarise yourself with UK fraud regulations, including the Money Laundering Regulations and FCA expectations. Being able to discuss these regulations confidently will show that you are well-prepared and knowledgeable about the compliance landscape relevant to the role.
✨Prepare for Technical Questions
Expect questions related to fraud systems architecture and integration processes. Brush up on your technical knowledge and be ready to explain how you have worked with fraud detection tools and case management platforms in the past.
✨Demonstrate Analytical Skills
Be ready to provide examples of how you've used analytical skills to identify suspicious activity or improve fraud systems. Discussing specific instances where your analytical approach led to successful outcomes will help you stand out as a strong candidate.
