FRAUD RISK MANAGER - NAMIBIA

Job Description:

A job vacancy has arisen within the Risk Department of Letshego Bank Namibia for the above-mentioned position, the details of the role are outlined below:

Purpose of the Job: 

The Fraud Risk Manager is responsible for conducting investigations into fraud losses that occur, effective and efficient fraud monitoring, and preventing future losses by developing procedures that prevent future occurrence.

Critical Deliverables /Core Accountabilities and Responsibilities:

1. Develop and embed a fraud risk management program within the bank.

2. Assess fraud risk scenarios within current processes and work collaboratively with business units to design and implement Fraud detection solutions, integrating technologies, or sharing management expertise.

3. Monitor systems activities to generate regular reports which may identify trends and/or potential fraud activities.

4. Manage a high number of cases that result in convictions and ensure well-investigated cases and comprehensive dockets

5. Effectively prioritize and focus on cases that are likely to yield results by ensuring the team links different cases together, and using tools and processes to full advantage to track down fraudsters.

6. Attend to all suspicious and fraudulent incidents reported and ensure the necessary action is taken to resolve them by liaising with all applicable parties and updating the Fraud Incident Register.

7. Conduct regular client awareness and staff training campaigns in order to detect and/ or prevent potential fraudulent activities effectively.

8. Keeps track of the progress made in investigations by providing accurate input to the monthly CEO report and keeps key stakeholders in the loop with respect to the progress in key investigations and effectively keeps track of arrests and convictions.

9. Attend/ Represent the institution at various industry fraud committees.

10. Ensure timeous submission of regulatory fraud returns

11. Cultivate, manage, and maintain objective working relationships with a variety of internal and external stakeholders.

12. Ensure incidents occurring in the bank are resolved within reasonable timeframes, and all stakeholders are kept in the loop.

13. Ensure compliance with governance in terms of legislative and audit requirements where applicable.

Required Skills:

1. Grade 12 (25 points and above)

2. Bachelor’s Degree in Fraud investigations or similar/ Degree in Risk Management or     Forensic Auditing with at least 2 years’ experience in banking, including experience in forensic audits/ fraud investigations.

3. Demonstrate a good understanding of regulations and the financial services industry.

4. Evidence of drive, curiosity, good judgment, and good attention to detail.

5. Rigorous, well organized with a structured and logical approach

6. BE Driver’s License (without any endorsements)

7. Effective Communication skills - verbal and written

8. Organizational and Report writing skills

9. Certification as a fraud examiner/ a police science degree is an added advantage

Closing date for applications: 11 August 20223

Send your CV & supporting documents to: nam.recruitment@letshego.com 

Standard Disclaimer: Only shortlisted candidates will be contacted