Fraud & Risk Analyst

Functional Skills

Functional Skills are essential skills that help individuals perform tasks effectively in everyday life, work, and education.

Fraud Detection and Prevention

Risk Assessment and Management

Data Analysis and Interpretation

Investigative Skills

Compliance and Regulatory Knowledge

Communication and Reporting

Technical Proficiency

Problem-Solving and Critical Thinking

Knowledge of Financial Systems

Customer Due Diligence (CDD)

Soft Skills

Communication, teamwork, and critical thinking to ensure seamless project execution.

Analytical Thinking

Attention to Detail

Communication Skills

Problem-Solving Skills

Ethical Judgment

Adaptability

Investigative Skills

Technical Skills

Technical Skills are specialized abilities and knowledge needed to perform specific tasks or functions.

Data Analysis

Machine Learning

Risk Assessment

Fraud Detection Techniques

Communication Skills

Knowledge of Financial Regulations

Programming Languages

Cybersecurity Basics

Critical Thinking

Database Management

Duties and Responsiblities

Task

95%

Develop and implement fraud detection strategies using data analysis and predictive modeling to minimize financial losses.

92%

Conduct thorough investigations of suspected fraudulent activities, gathering evidence and preparing detailed reports for management.

90%

Monitor transactions and accounts for unusual patterns or anomalies that may indicate fraudulent behavior, ensuring proactive risk mitigation.

88%

Collaborate with cross-functional teams, including IT and legal, to enhance fraud prevention measures and ensure compliance with regulations.

85%

Assess and improve existing risk management frameworks, identifying vulnerabilities and recommending enhancements to safeguard assets.

82%

Stay updated with the latest fraud trends and techniques, adapting strategies to address emerging threats and maintain a robust defense.

80%

Perform regular risk assessments to identify potential areas of vulnerability and develop mitigation plans to minimize exposure.

78%

Review and analyze customer data to identify potential risks and implement appropriate controls to prevent fraud.

75%

Provide training and awareness programs to employees on fraud prevention techniques and best practices to foster a culture of vigilance.

72%

Prepare and present reports on fraud and risk management activities to senior management, highlighting key findings and recommendations.

Work Activities

95%

Identify and evaluate potential fraud risks, using analytical tools and data analysis techniques.

92%

Monitor transactions and accounts for suspicious activity, employing fraud detection systems.

90%

Conduct thorough investigations into reported or suspected fraud cases, gathering evidence.

88%

Analyze large datasets to identify patterns, anomalies, and trends indicative of fraudulent behavior.

85%

Prepare detailed reports on fraud incidents, investigation findings, and risk assessment outcomes.

82%

Ensure adherence to regulatory requirements and internal policies related to fraud prevention.

80%

Develop and implement fraud prevention policies and procedures to mitigate risks.

78%

Provide training to employees on fraud awareness, detection, and prevention techniques.

75%

Monitor fraud detection systems and tools to ensure optimal performance and effectiveness.

72%

Manage fraud cases from initial detection through investigation and resolution.

70%

Collaborate with internal departments and external agencies to share information and coordinate fraud prevention efforts.

Detailed Work Profile

Interests