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Fraud Manager - 6 month FTC

40000.00 - 40000.00 GBP Annual
Closing date
11 Oct 2023

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Northreach is a dynamic recruitment agency that connects businesses with top talent in the cell & gene therapy, fintech and digital sectors. Our mission is to provide a seamless and personalised recruitment experience for clients and candidates, and to create a positive work environment that encourages equality, innovation and professional growth. The company: We are excited to have partnered with a prestigious international bank in Central London who are seeking an experienced Fraud Manager to lead the activity in Anti-Money Laundering legislation, proceeds of crime act, and fraud act. This is a 6 month FTC and a fully office based opportunity where you will be required to work in the London office 5 days per week. Responsibilities: Gain a comprehensive grasp of and stay current with relevant regulatory prerequisites, particularly those pertaining to Anti-Money Laundering legislation, the Proceeds of Crime Act, and the Fraud Act. Efficiently handle Production Orders and other requests from external entities such as HMRC, law enforcement agencies, and regulatory inquiries, ensuring timely resolution. Offer assistance to the Financial Crime Prevention Team and various bank departments by addressing fraud inquiries, referrals, and offering guidance. Conduct thorough and prompt investigations into allegations of First Party fraud, Third Party fraud, internal fraud, and alerts related to Fraud, KYC, and AML originating from the bank's fraud prevention systems, including debit card fraud. Generate both regular and ad-hoc management information (MI) and reports regarding fraudulent activities. Identify and analyse fraud-related data to uncover emerging trends and current patterns. Manage the administrative aspects of Suspicious Activity Reports (SARs), including evaluation and reporting. Contribute to the development and delivery of Financial Crime Prevention (FCP) training initiatives. Assist in the preparation of policies and processes and aid in their implementation to prevent fraud. Provide reports on fraud-related matters to the Head of Compliance and management and present them to Board Committees. Serve as the point of contact for CIFAS-related matters, overseeing CIFAS loadings and reviews while ensuring the bank's compliance with Immigration Act provisions through quarterly checks. Undertake other Compliance-related projects as directed by the Head of Compliance. Requirements: 3+ years experience in a regulated UK financial services environment 3+ years experience in compliance/fraud risk requirements Proficient knowledge of UK policies governing Anti-Money Laundering (AML), Know Your Customer (KYC), and Fraud management. Proficient grasp of conducting investigations related to debit card fraud. Strong analytical and communication abilities, with adept problem-solving skills. Capable of meeting stringent deadlines effectively. Demonstrates a high degree of precision and meticulous attention to detail. Equally skilled at working independently or collaboratively within a team. Promptly handles both internal and external referrals

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