Wema Bank Plc Fraud Analyst Jobs in Nigeria

Wema Bank Plc Fraud Analyst Jobs in Nigeria


Job Summary

  • Fraud analysts are responsible for monitoring bank accounts, accounting paperwork, and financial transactions.

  • They analyze the data to identify any fraudulent and suspicious activities within the Bank.

    Job Description

  • 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.


  • 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.

    Job Experience

  • Bachelor's Degree

  • Minimum 3 years relevant experience in related fields in the financial services sector
    Data Analytics and programming/scripting experience

  • Strong interpersonal and communication skills including the ability to interact with different stakeholders

  • Ability to work independently with minimum supervision

  • Good organisational skills needed to manage a high volume of assigned cases

  • Proficient with the Financial procedures and regulations

  • Hands on experience with relevant Information System

  • Honest and ethical with high levels of integrity and confidentiality

    How t Apply

  • For more information and job application details, see; Wema Bank Plc Fraud Analyst Jobs in Nigeria



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