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- Tasks: Protect the bank and customers by detecting and investigating fraud.
- Company: Join a prestigious private bank serving Ultra-High-Net-Worth clients.
- Benefits: Enjoy hybrid working, excellent bonuses, and full private healthcare.
- Why this job: Make a real impact in financial security while developing your analytical skills.
- Qualifications: 10+ years in fraud detection with expertise in APP fraud regulations required.
- Other info: Be part of a dynamic team focused on innovation and operational resilience.
The predicted salary is between 36000 - 60000 £ per year.
Up to £50,000 plus EXCELLENT bonus and benefits. Hybrid working available.
Our client, a highly prestigious private bank dealing with Ultra-High-Net-Worth clients, has an exciting new opening for a Fraud Detection Specialist to join their team. As a Fraud Detection Specialist, you will be central to protecting the bank and its customers from financial harm by identifying, analysing, and investigating card and payment fraud. You will serve as a key point of contact across the bank, representing customer, risk, and colleague perspectives to enhance professionalism and customer experience.
Duties of the Fraud Detection Specialist include:
- Manage daily fraud alerts, engaging with customers on suspicious card and payment activity.
- Conduct in-depth account and transaction analysis to detect fraud patterns.
- Contribute to operational resilience and business continuity efforts.
- Provide feedback on fraud strategies and processes to identify and mitigate fraud.
- Proactively identify emerging fraud trends and inform rule adjustments for investigators.
- Assist with resource planning and daily prioritisation of fraud queues.
- Review accounts for fraudulent activity and take appropriate actions.
- Build and maintain strong relationships with other departments for timely and effective fraud response.
- Handle special projects related to emerging fraud risks.
- Ensure immediate blocking of fraudulent accounts and escalate appropriately.
- Accurately record and analyse incidents in the Incident Management System.
- Utilise analytical skills to monitor transaction data, identify trends, and suggest improvements.
- Maintain clear communication with customers, manage expectations, provide fraud warnings, and determine payment acceptance.
Requirements for the successful Fraud Detection Specialist include:
- 10+ years of expert-level experience in fraud detection/operations, with a strong track record of identifying scams.
- Proven experience in authorised push payment (APP) fraud regulations, with a proven ability to identify and prevent these transactions before they are processed.
- Possesses excellent knowledge of banking industry developments, including relevant legislation and advancements.
- Comprehensive understanding of fraud activities within regulatory and legal frameworks.
- Capable of innovative thinking and challenging existing processes to drive improvements.
- Comfortable and adaptable in fast-paced environments.
Benefits include:
- Excellent industry leading pension scheme.
- High level bonus.
- Hybrid working, allowing you flexibility to balance working from home.
- Full private healthcare.
- AND MORE!
Fraud Detection Specialist (Private Banking) employer: Montpellier Resourcing
Contact Detail:
Montpellier Resourcing Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Fraud Detection Specialist (Private Banking)
✨Tip Number 1
Familiarise yourself with the latest trends in fraud detection, especially in the context of private banking. Understanding the nuances of APP fraud regulations and recent developments in the banking industry will give you an edge during discussions.
✨Tip Number 2
Network with professionals in the fraud detection field. Attend industry events or webinars to connect with others who work in similar roles. This can provide insights into best practices and may even lead to referrals.
✨Tip Number 3
Prepare to discuss specific examples from your past experience where you've successfully identified and mitigated fraud. Being able to articulate your thought process and the impact of your actions will demonstrate your expertise.
✨Tip Number 4
Showcase your analytical skills by being ready to discuss how you monitor transaction data and identify trends. Highlight any tools or methodologies you’ve used in the past to enhance fraud detection processes.
We think you need these skills to ace Fraud Detection Specialist (Private Banking)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your 10+ years of experience in fraud detection and operations. Emphasise your track record in identifying scams and your knowledge of APP fraud regulations.
Craft a Compelling Cover Letter: In your cover letter, explain why you are passionate about fraud detection and how your skills align with the responsibilities outlined in the job description. Mention specific examples of how you've successfully identified and prevented fraud in the past.
Showcase Analytical Skills: Since the role requires strong analytical skills, include examples in your application that demonstrate your ability to monitor transaction data, identify trends, and suggest improvements. Use quantifiable achievements where possible.
Highlight Communication Skills: As the position involves clear communication with customers and collaboration with other departments, make sure to highlight your interpersonal skills. Provide examples of how you've effectively managed customer expectations and built relationships in previous roles.
How to prepare for a job interview at Montpellier Resourcing
✨Showcase Your Expertise
With over 10 years of experience in fraud detection, it's crucial to highlight specific examples from your past roles. Discuss particular cases where you successfully identified and mitigated fraud, especially focusing on APP fraud regulations.
✨Understand the Banking Landscape
Demonstrate your knowledge of current banking industry developments and relevant legislation. Be prepared to discuss how these factors influence fraud detection strategies and how you can contribute to the bank's operational resilience.
✨Emphasise Analytical Skills
As a Fraud Detection Specialist, analytical skills are key. Prepare to talk about your experience with transaction data analysis, identifying trends, and suggesting improvements. Use specific metrics or outcomes to illustrate your impact.
✨Build Relationships
Highlight your ability to collaborate with various departments. Share examples of how you've built strong relationships to enhance fraud response and customer experience, as this role requires effective communication across the bank.
