Fraud Risk Officer at Optimus Bank
Optimus Bank is registered under the laws of the Federal Republic of Nigeria and licensed as a National Bank by the Central Bank of Nigeria (CBN). We also comply with other statutes and regulations generally applicable to Deposit Money Banks (DMBs) operating in Nigeria.
Our vision is to build the preferred platform that delivers value through sustainable and scalable solutions for individuals and businesses.Responsibilities Include:
Develop and maintain an up-to-date Fraud Rule Book comprising of regulatory and industry requirements.
Conduct Fraud Risk Assessment in collaboration with the Operational Risk Management and Fraud Operations teams and develop measures to mitigate identified risks.
Design and maintain a fraud loss and recovery database across Business groups and product/service lines.
Keep abreast and maintain a collaborative relationship with regulators, peer industry players, Card Schemes, and Law Enforcement Agencies and fraud risk industry forums to help detect and mitigate fraud.
Provide Fraud Risk Advisory services including developing Fraud Scenarios for new and existing products and services.
Collaborate with Fraud Operations to develop to drive standardization, automation and process improvement initiatives, review application User Access Matrix for applicable fraud solutions.
Review and ensure blacklisted profiles – Merchants, Cardholders – are updated and set fraud, Transaction and Merchant Categorization Limits in line with business risk and fraud appetite.
Recommend changes to the process control environment or to business practices, where necessary, to reduce the level of fraud risk exposure to within the agreed appetite.
Develop monthly, quarterly, and ad-hoc fraud risk analytics reports.
Monitor constantly customer and transactional records to identify unauthorized transactions and fraudulent accounts.
Ensure confidentiality of all information collected during investigation.
Determine existing fraud trends by analyzing accounts and transaction patterns.
Identify system improvements to prevent fraudulent activities.
Recommend anti-fraud processes for changing transaction patterns and trends.
Act quickly and decisively when Fraud become apparent and ensure it is addressed within an appropriate timeframe and escalated appropriately to mitigate loss of fund.
Requirements
Education/Qualification
A Bachelor of either Finance, Business Administration, Economics, or any related field.
Experience
A minimum of 5 years of experience in Fraud Risk.
General Knowledge and Skills
Strong analytical and problem-solving skills.
Experience in fraud detection and prevention.
Knowledge of fraud investigation techniques and procedures.
Excellent verbal and written communication skills.
Ability to collaborate effectively with others.
Proficiency in Microsoft Office and other relevant software.
