Fraud Risk Management Consultant - Independent Contractor at Bryte Insurance Company Limited

Key Tasks & Accountabilities

Reactive Investigations

• Conduct and manage all reported and detected incidents of economic crime and/or misconduct, in line with departmental standards and Group guidelines. 

Fraud Risk Assessment

•  Identify and assess potential fraud risks within the company, considering both internal and external factors. 
• Policy Development: Develop and implement fraud prevention policies, strategies, and procedures. 

Training and Awareness

•  Provide training and awareness programs to employees, on fraud prevention, identification and ethics, promoting Creates an environment wherein employees feel comfortable about reporting fraudulent activities.
• Control Implementation: Implement and monitor fraud control mechanisms and governance structures. 

Gap Analysis

•  Conduct gap analyses to identify areas where fraud controls are weak or missing. 

Data Analysis

•  Utilize data analysis techniques to identify patterns and anomalies that may indicate fraud. 

Compliance

• Ensure compliance with relevant laws, regulations, and industry standards as relevant to economic crime

Reporting

• Prepare reports and presentations on
• Assist management with reporting to the relevant governance structures, highlighting and summarising the overall results of the function’s operations, successful practices and significant risks identified.
• fraud risk management activities. 
• identified system and/or control weaknesses, which resulted in criminal activity and make recommendations as to appropriate action required
• outcome of investigations conducted                                          
• Track recommendations made to ensure implementation takes place as agreed with business management.                                                                                                                              
• Ensure compliance with Bryte Code of Business Ethics and the Zero Tolerance Policy by recommending disciplinary action against perpetrators of economic crimes and/or initiating criminal proceedings where necessary.                                     
• Maintain and update the case management systems, in respect of investigated incidents.                                                                                                    
• Maintain knowledge to keep up to date with fraud trends, fraud risks and legal requirements.
• Assist with reviewing and revising anti-fraud processes and activities.
• Maintain close and regular contact with internal clients of the function to facilitate ongoing awareness, understanding and mitigation of fraud risks.

Qualification & Experience

• Relevant tertiary qualification in related fields of study (e.g. investigation, law, compliance, law enforcement, etc).
• Professional qualifications preferred e.g. Certified Fraud Examiner or studying towards qualification
• Experience in the Insurance Industry will be preferred
• Minimum of six years forensic industry experience. 
• Performing fraud risk assessments and control reviews.
• Conducting investigations
• Promoting corporate governance
• Consulting and project management
• Working with external suppliers and consultants
• Interacting and communicating on different management levels
• Establishing, implementing and delivery of training.