Fraud Analyst
The Role:
The role as Fraud Analyst was created to deliver against our strategic objectives and to comply with regulatory expectations to adopt and enforce the highest Financial Crime and Sanctions compliance and behavioural standards across Euroclear UK & International.
The role holder is reporting to the Head of Screening and Monitoring and will be responsible identifying, assessing potential Fraud risks by providing an assessment as part of the Screening and monitoring process and journey, and as a member of the team your role will also include ensuring that Euroclear’s admission and monitoring criteria across various relationships, including clients, issuers and in some cases third party providers, are fully adhered to. This will often involve you in liaising closely with the 1st line Financial Crime Managers as well as 2nd line Legal and Compliance teams on matters involving all aspects of KYC, Sanction & Adverse Media Screening and Transaction Monitoring.
Responsibilities:
1. Review and manage and respond to and/or escalate Fraud referrals in accordance with agreed SLAs and procedures.
2. Review transactions for fraudulent activity and compromised accounts; and reviewing and investigating reports of suspected fraudulent activity
3. Experience in fraud prevention, and practical knowledge of fraud systems, eg, Hunter, CIFAS,
4. Monitor real time queues and identify high risk transactions
5. Observe transactions to identify fraudulent activity such as account take over, friendly fraud, 1st and 3rd Party Fraud and other risks
6. Document and analyse findings of fraud trends to report to the Head of Screening & Monitoring.
7. Identify ways to improve internal or external processes in order to mitigate fraud.
8. Identify bad actor behaviours in order to implement systems or processes to alert/stop activity.
9. Where required, liaise with Legal, 2nd Line FC Compliance and other business stakeholders on financial crime related matters in support of the Financial Crime Operations Team
10. Support the Head of Screening & Monitoring to help develop and embed a robust and thorough Fraud Framework
11. Complete assigned work in a timely and accurate manner and provide support to and carry out work as directed by the Head if Screening & Monitoring and Financial Crime Operations
12. Completing appropriate levels of monitoring based on risk profiles
13. Engaging with Compliance, Tax and other departments as necessary to ensure that all risk aspects are adequately assessed by the appropriate teams.
14. Delivering output as determined by the KPI's set by Senior Management.
15. Ensuring the relevant screening & monitoring tools are kept updated in a timely manner
16. Adhering to all governance and approval requirements.
17. Ensuring clear and concise documentation and records.
18. Providing a helpful and proactive response to enquiries, ensuring all responses are provided in an accurate and timely manner, whilst demonstrating knowledge of the nature and background of the enquiry with a complete and professionally articulated response.
19. Performing controls related tasks and ensuring evidence is obtained and demonstrated for such tasks where applicable.
20. Identification of areas of operational risk, highlighting these areas to senior management and suggesting methods to reduce the risk exposure.
21. Reviewing existing controls and operating procedures to ensure processes are fit for purpose and to the highest standard.
Your profile
22. Demonstrable experience of working with anti-financial crime processes at an regulated firm (FCA/BofE etc), ideally with a custodian, Registrar, stockbroker or similar focus.
23. Understanding of the UK legislative and regulatory environment pertaining to Fraud Management, anti-money laundering and counter terrorist financing
24. Experience of CSD operating models advantageous but not essential.
25. Analytical Skills - has the ability to visualise, articulate and solve both complex and uncomplicated problems by making logical decisions given the available information.
26. Strong communication skills, with an eye for detail, ability to proactively engage with others in a professional manner, able to share information and work as a team, with an ability to articulate clearly verbally and via written communications.
27. Experience of working to tight deadlines.
28. Demonstrates sound judgement and makes confident and reasoned arguments.
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