Financial Crime Specialist

Primary Purpose

Analyzing, Investigating and Reporting on financial crime within Bidvest Bank.

Duties and Responsibilities (Includes but not limited to):

OPERATIONAL EXCELLENCE

Risk Management

• Preliminary preparation of presentations (PowerPoint etc)
• Draft for review and present Executive Summary and Factual Finding on systems and report feedback to management.
• Implement and maintain forensic investigation standards.
• Understanding FISD system requirements and maintenance thereof.
• Obtain documentary information related to administration system.

DATA MANAGEMENT

Data management

• Data analytics.
• Report writing.
• Updating fraud reports.
• Reporting of fraud trends to SABRIC.
• Analyzing industry data and report on trends that affect the Bank.
• Checking account opening documents analyzing for fraud.

CUSTOMER CENTRICITY

Support and drive the execution of the FCU

• Assisting with queries.
• Provide and track recommendations for actions to reduce the client risks identified during the review.
• Evaluation and decisioning of customer information, negative news and complex financial activity.
• Work directly with customers who have concerns about financial crime or have questions about transactions.
• Work with the business to define data required to address.

FINANCIAL MANAGEMENT

Identify and implement cost saving opportunities

• Prevent and reduce financial losses by ensuring optimal adherence to processes and procedures.

STAKEHOLDER MANAGEMENT

Provide advisory services through partnership with all relevant stakeholders (internal and external).

• Assisting with Fraud related queries.
• Provide and track recommendations for actions to reduce the client risks identified during the review.
• Evaluation and decisioning of customer information, negative news and complex financial activity.
• Work directly with customers who have concerns about financial crime.

REPORTING

Perform different analytics to assist with business impact.

• Gather, collate, analyze data, evaluate, and disseminate information to be actioned to aid in the reduction, identifying and addressing current threats, trends, subjects and activities of financial crime.
• Consult with internal clients when necessary for views and assistance on reports and products to be compiled.
• Analyze trends observed, identify discrepancies in reports and provide solutions.
• Updating fraud reports.

LEARNING AND GROWTH

Drive a continuous learning culture which focuses on innovation and value-adding solutions in line with best practice.

• Conduct fraud related training and awareness interventions for the Bank.
• Stay abreast of regulatory changes and communicate such information to all stakeholders.

Minimum Requirements

Experience

• Minimum of three years' experience in combatting bank-related crimes and applying risk mitigation strategies.
• Criminal Justice & Forensic investigations.
• Information gathering and analytical skills.

Qualification

• Diploma (Forensic Investigation, Law, Crime Analysis, Criminology).
• CFE (Ideal).

This position is advertised in line with our commitment to Employment Equity.