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- Tasks: Support the Financial Crime Prevention Team by investigating fraud and preventing financial crime.
- Company: International Bank based in London with a focus on security and compliance.
- Benefits: Gain valuable experience in a dynamic environment with potential for future opportunities.
- Why this job: Make a real difference in combating financial crime while developing your analytical skills.
- Qualifications: Understanding of UK AML/KYC/Fraud legislation and strong problem-solving abilities.
- Other info: Contract position for 6 months, office-based role with a collaborative team.
The predicted salary is between 36000 - 60000 £ per year.
We are hiring for a position of Fraud Analyst role for an International Bank based in London. This is a contract position for 6 months. Work from office only.
Job Purpose: Provide support to the Financial Crime Prevention Team and other departments within the Bank in relation to fraud queries, referrals and guidance on preventing Financial Crime.
Area of Responsibility:
- Have an understanding of the relevant FCA and PSR rules; anti-money laundering and terrorist financing legislation; suspicious activity reporting and sanctions legislation.
- An understanding and knowledge of the rules and processes governing APP fraud reimbursement, including investigating scam claims and processing reimbursements.
- Assist with responding to Production Orders and other related orders from external agencies e.g. HMRC, Law Enforcement agencies and enquiries received from regulators and ensure they are dealt with in a timely manner.
- Review and conduct timely investigations into reports of fraud from external agencies, internal fraud and KYC / AML alerts generated from the Banks fraud prevention systems (including debit card fraud).
- Complete and submit Suspicious Activity Reports (SARs) after careful review and investigation of suspicious account activity.
- Assist in the development of Financial Crime Prevention training.
- Assist with the production of internal financial crime Management Information (MI) and reports as required, including reporting on the status of any pending and closed alerts.
- To assist with the development and maintenance of processes and systems to ensure that key controls for financial crime monitoring are effective and efficient.
Technical Skills:
- General understanding of UK AML / KYC / Fraud legislation.
- Good understanding of debit card fraud investigation.
- Strong analytical, communication and problem solving skills.
- Ability to work to tight deadlines.
- Able to work independently and as a part of a team.
- Able to deal with internal and external referrals in a timely manner.
Fraud Analyst in City of London employer: Quantum Group
Contact Detail:
Quantum Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Fraud Analyst in City of London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those already working in financial crime prevention. A friendly chat can lead to insider info about job openings or even a referral.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of FCA and PSR rules. Be ready to discuss how you would handle specific fraud scenarios. Show them you know your stuff and are passionate about preventing financial crime!
✨Tip Number 3
Don’t just apply anywhere; focus on companies that align with your values. We recommend checking out our website for roles that fit your skills and interests. Tailor your approach to each company’s culture!
✨Tip Number 4
Follow up after interviews! A quick thank-you email can keep you top of mind. Mention something specific from your conversation to show you were engaged and are genuinely interested in the role.
We think you need these skills to ace Fraud Analyst in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Fraud Analyst role. Highlight your experience with FCA and PSR rules, as well as any relevant anti-money laundering knowledge. We want to see how your skills match 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 preventing financial crime and how your background makes you a great fit for our team. Keep it concise but impactful!
Showcase Your Analytical Skills: As a Fraud Analyst, strong analytical skills are key. In your application, mention specific examples where you've successfully investigated fraud or handled suspicious activity reports. We love seeing real-life applications of your skills!
Apply Through Our Website: Don't forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re serious about joining our team!
How to prepare for a job interview at Quantum Group
✨Know Your Legislation
Make sure you brush up on the relevant FCA and PSR rules, as well as anti-money laundering and terrorist financing legislation. Being able to discuss these topics confidently will show that you're serious about the role and understand the legal landscape.
✨Showcase Your Analytical Skills
Prepare examples of how you've used your analytical skills in past roles, especially in relation to fraud investigation or KYC/AML alerts. Be ready to explain your thought process and how you approach problem-solving in high-pressure situations.
✨Demonstrate Teamwork and Independence
Think of instances where you've successfully worked both independently and as part of a team. The bank values candidates who can balance these two aspects, so be prepared to share specific examples that highlight your versatility.
✨Be Ready for Scenario Questions
Expect scenario-based questions related to fraud cases or suspicious activity reporting. Practise how you would handle these situations, focusing on your decision-making process and the steps you would take to resolve issues effectively.
