Fraud Analyst - Umhlanga, South Africa - iKhokha

iKhokha

Verified Company

Umhlanga, South Africa

1 week ago

Posted by:

Thabo Mthembu

beBee Recruiter

Description

Company Description

iKhokha is one of the fastest-growing fintech companies in Africa. As you'd expect, our pace is fast-moving and ever-changing. We like it that way.
Our office is a high performance environment where we push each other to challenge the status quo. If that doesn't appeal to you, you probably shouldn't work here.

Job Description:

The iKhokha talent team is searching for a Fraud Analyst to join our tribe in Durban.

If you are passionate about conducting fraud & privacy risk assessments and forensic investigations, then this role could be in line with your next career move

So, what will you do?
You will be responsible for investigating, reporting on & reducing merchant fraud within the iKhokha.

Deal Breakers

3+ Years within Fraud Investigations
Anti-Money Laundering
FICA Act
Office Suite
Risk Principles
Professional communication and skills
Ability to work in a team

Clear understanding of:

Anti-Money Laundering

regulations

Banking transaction flows and processes
Risk principles
Scheme antifraud & AML requirements and processes

What would you be responsible for?

Monitor & investigate all alerts being generated by antifraud screening tools (daily)
Monitor & investigate all reported findings from ABSA, PASA & Nedbank
Monitor and investigate any suspicious activity in daytoday escalations from various departments of the business
Using sound investigative skills/AML & Fraud experience, investigate any suspicious transactions and or Merchants for untoward/fraudulent activity.
Ensuring that legitimate merchants are not impacted where not necessary, but at the same time investigating and suspending transactions that are deemed to be an unacceptable AML risk for iKhokha.
Keeping a good relationship with the ABSA/Nedbank fraud teams and liaising with these teams with regards to suspicious activity and investigations.
Ensuring that suspect/suspended transactions and or merchants are reported to the business and being correctly recorded withing the relevant databases.
Assisting law enforcement, ABSA, PASA or the schemes with reporting on requested merchant fraud.
Ensuring that the business is fully aware of their obligations towards AML, Fraud & Anti-Bribery and Corruption. This includes induction & annual staff training.
Ensuring that training content is up to date with latest industry standards and is effective in respect of staff understanding and engagement.
Storing digital evidence that staff have been trained.
Ensuring that the FICA team are adequately trained in order to ensure they accurately identify suspicious merchants at time of onboarding.
Ensuring that FICA team are adhering to the FICA processes set out by the business and maintain a working FICA guide to steer the FICA agents in terms of grey or questionable areas.
Making AML / FICA / Fraud riskbased decisions when considering all available data, training by head of AML and pervious experience.
Advising the head of AML, if any blanket risk waivers are to be suggested to be put in place for the FICA/business to implement into policy.

Qualifications:

Degree or equivalent preferred

Additional Information

Perks of joining the Tribe?

You get to work in a high growth company. Sink your teeth into meaningful work with tangible results you are accountable for.
Hybrid, remote and in office work models.
Remuneration & Benefits. We offer Company contributions to Medical Aid and a Group Risk Scheme.
Visionary Leadership.
Study leave.
Access to on demand learning and development.
A friendly, collaborative culture and a team of allroundlekker humans (it's true, we surveyed our Employees and they told us so).
If you find yourself at HQ, coffee on tap and a selection of hot beverages provided by our onsite Barista.