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For Companies At a Glance
- Tasks: Identify and investigate fraud to protect customers and the bank from financial loss.
- Company: Prestigious banking institution focused on security and innovation.
- Benefits: Competitive salary, career development opportunities, and a dynamic work environment.
- Why this job: Join a vital role in combating fraud and making a real difference.
- Qualifications: 5+ years in fraud detection with strong analytical skills.
- Other info: Fast-paced environment with opportunities for growth and innovation.
The predicted salary is between 36000 - 60000 £ per year.
A prestigious banking institution wishes to hire a Fraud Detection Specialist who will play a pivotal role in safeguarding the bank and its customers from financial loss. You will be responsible for identifying, analyzing, and investigating fraud with a specific focus on detecting card and payment scams.
Main Duties
- Manage and handle day-to-day fraud alerts, having in-depth conversations with customers on suspicious activity that has been flagged by various fraud systems, including scams across cards and payments.
- Conduct in-depth analysis of customers' accounts, transaction data, and other relevant information to identify potential fraud patterns.
- Support the delivery of the Operational Resilience activity and the management of the business or signs of scams.
- Provide continual feedback on identified gaps within fraud strategies and/or fraud processes linked to the identification and mitigation of fraud.
- Proactively identify emerging fraud trends through day-to-day alert monitoring activities and provide this information to fraud investigators to adjust rules.
- Assist the Fraud Operations Manager in appropriate resource planning and daily prioritization of various fraud queues.
- Review accounts for fraudulent activity and take appropriate actions per department procedures.
Experience Required
- 5 years plus experience within fraud detection/operations with expert-level ability at identifying scams.
- Ability to meet schedules and deadlines with thorough, accurate, and quality work.
- Capable of "challenging the norm" and thinking of new and innovative processes.
- Comfortable with ambiguity and change, and happy working in a fast-paced environment.
- Ability to demonstrate expert level of understanding and application of authorised push payment fraud regulation.
Fraud Detection Associate employer: MW Recruitment Limited
Contact Detail:
MW Recruitment Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Fraud Detection Associate
✨Tip Number 1
Network like a pro! Reach out to folks in the banking and fraud detection space on LinkedIn. Join relevant groups and engage in discussions. You never know who might have a lead on that perfect job!
✨Tip Number 2
Prepare for those interviews by brushing up on your fraud detection knowledge. Be ready to discuss recent trends in card and payment scams. Show them you’re not just a candidate, but a passionate expert in the field!
✨Tip Number 3
Don’t just apply anywhere; focus on companies that align with your values. Use our website to find roles that excite you. Tailor your approach to each application, showing how your experience fits their needs.
✨Tip Number 4
Follow up after interviews! A quick thank-you email can set you apart from the crowd. Mention something specific from your conversation to remind them why you’re the right fit for the Fraud Detection Associate role.
We think you need these skills to ace Fraud Detection Associate
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Fraud Detection Associate role. Highlight your experience in fraud detection and any specific skills that match the job description. We want to see how your background aligns with what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about fraud detection and how your experience makes you the perfect fit. We love seeing genuine enthusiasm, so let your personality come through!
Showcase Relevant Experience: When detailing your work history, focus on your achievements in fraud detection. Use specific examples of how you've identified scams or improved processes. We appreciate candidates who can demonstrate their impact in previous roles!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy – just follow the prompts and submit your materials!
How to prepare for a job interview at MW Recruitment Limited
✨Know Your Fraud Basics
Make sure you brush up on the latest trends in fraud detection, especially around card and payment scams. Familiarise yourself with common tactics used by fraudsters and be ready to discuss how you would handle specific scenarios.
✨Showcase Your Analytical Skills
Prepare to demonstrate your analytical abilities during the interview. Bring examples of how you've identified fraud patterns in the past and explain the processes you used to investigate them. This will show that you can think critically and act decisively.
✨Be Ready for Role-Play
Expect some role-play scenarios where you might have to engage with a 'customer' about suspicious activity. Practice how you would communicate effectively and empathetically while gathering necessary information. This is key in showing your customer service skills.
✨Discuss Process Improvements
Think about any gaps you've noticed in previous fraud strategies or processes. Be prepared to share your ideas on how to improve these areas. This shows that you're not just a follower of procedures but someone who actively seeks to enhance operations.
