Fraud Risk Advisor at Nedbank

To reduce the impact of fraud by assessing control adequacy and efficacy of the current and future operational environment and recommend mitigates across Nedbank group.

Job Responsibilities

• Contain existing and potential fraud losses.
• Ensure risk mitigation actions are implemented and provide fraud risk insight.
• Ensure client needs are met and act as advisor to stakeholders.
• Collectively recommend appropriate mitigation actions and communicate trends to clients and investigators.
• Provide information on business initiatives in preparation of future fraud investigations.
• Contribute to a culture of transformation goals by participating in Nedbank culture building initiatives, business strategy and CSI.
• Influence the enhancement of business processes and methodologies.
• Identify fraud risk and consult with stakeholders to take corrective action.
• Amend policies and procedures that result in reduced fraud impact and provide professional input and advice on appropriate risk mitigation actions.
• Ensure appropriate action is taken to mitigate fraud impact within operational risk appetite.
• Create leads for internal stakeholders.
• Reduce fraud impact and ensure fraud risk is highlighted and source documentation for processes updated.
• Review and analyse processes, improving business results, reducing fraud losses and provide guidance on fraud trends.
• Ensure project delivery results within parameters.
• Reduce fraud losses and assist stakeholders in implementing fraud risk management processes.
• Improve personal capability and stay abreast of developments in field of expertise.
• Ensure personal growth and application of new competence to enable effectiveness in performance of roles and responsibilities.
• Ensure up skilling and effective handover to relevant responsible person.
• Obtain buy-in for developing new and/or enhanced processes that will improve the functioning of stakeholders' businesses.

Essential Qualifications

• NQF Level Advanced Diplomas/National 1st Degrees

Preferred Qualification Diploma

• Criminal Justice and Forensic Auditing, Advanced Diplomas/National 1st Degrees

Preferred Certifications

• Certified Fraud Examiner - preferred not essential
• Institute for Commercial Forensic Practitioners (ICFP)

Type of Exposure

• Conducting root cause analysis
• Analysing situations or data
• Developing ways to minimize risks
• Drafting reports
• Managing conflict situations
• Influencing stakeholders to obtain buy-in for concepts and ideas
• Sharing information in different ways to increase internal stakeholders understanding
• Identifying business risks
• Comparing two or more sets of information
• Analysing and interpreting quantitative and qualitative data
• Working with a group to identify alternative solutions to a problem
• Interacting with diverse people
• Building and maintaining effective relationships with internal and external clients
• Analysing and interpreting quantitative and qualitative data
• Interacting with various levels of management
• Managing multiple projects

Minimum Experience Level

• 5 years’ experience in a forensic and/or risk management/advisory role in a banking or financial services environment

Technical / Professional Knowledge

• Banking knowledge
• Banking procedures
• Business Acumen
• Microsoft Office
• Nedbank policies and procedures
• Relevant regulatory knowledge
• Relevant software and systems knowledge
• Risk management process and frameworks
• Business writing skills

Behavioural Competencies

• Earning
• Communication
• Decision Making
• Continuous Improvement
• Planning and Organizing
• Technical/Professional Knowledge and Skills Having