The Financial Crime Analyst's main focus is to ensure that the business is protected from Financial Crime across all portfolios by; engaging a pro-active approach to the prevention, detection and disruption of financial crime by investigation, analysis, clear and accurate documentation and provision of relevant criminal intelligence to the relevant authorities.
In depth analysis will be undertaken to ensure criminal investigations are not dealt with in isolation but evaluated to establish connections with organised activity, identify trends, control gaps and hotspots; and escalate findings to prevent the client being used to further criminality.
The role holder will deliver a best in class fraud prevention service to our retail partners across all brands by processing application fraud referrals via Hunter, CIFAS and other financial crime investigations.
Particular attention will be made to shifts in portfolio's that may introduce longer-term risks and evolving financial crime trends and methodologies; and any changes in regulation and legislation.
Additionally the role holder will deliver a best in class service in relation to PEPs and Sanctions matches, KYC oversight and customer due diligence
- Respond to and action enquiries referred from internal departments promptly as well as information received from police/NAVCIS. Investigate internal referrals of application fraud, impersonation, fraud by misrepresentation, theft, money laundering and any other financial crime. The role holder will produce prosecution packs including witness statements and exhibiting evidence.
- Fully investigate referrals by interrogation of internal systems, review and verification of documentation and external open source information as necessary.
- Conclude if sufficient evidence present to make police complaint or report to National Crime Agency.
- Prepare witness statements and evidence pack, including consideration if to report to police via NAVCIS or by other means, based upon value of vehicle, balance outstanding and details of the specific case.
- Maintain accurate records of events for each referral to enable production of witness statements and exhibits / evidencing documents for court purposes.
- Attend court hearings for the purpose of giving evidence at criminal trials as required
- Review for root cause analysis and escalate and make recommendation for any weaknesses found in processes and controls, emerging trends, hotspots and suspicion of questionable retailer activity.
- Identify emerging risk and make suggestions for the development of Financial Crime procedural and system enhancements.
- Raise Suspicious Activity Reports in line with Proceeds of Crime Act and Terrorism Act as suspicion arises to the National Crime Agency.
- Submit accurate records to fraud prevention agencies such as Hunter and CIFAS in order to protect the client from further attempts
- Maintain relevant records for each Financial Crime case in the appropriate case file, retain and document referrals with evidence to support decision making.
- The role holder will be responsible for investigation of internal fraud, ensuring evidence is obtained, documented and secured to enable appropriate disciplinary action and/or criminal prosecution as necessary.
- Respond to requests for personal data under General Data Protection Regulations within 3 days of receipt and / or Production Orders within 7 days.
- Prepare and produce information in response to the enquiry received.
- Maintain accurate records for each case with internal systems being updated as well as retention of the data request received and the information provided.
- Produce witness statements and exhibit evidence where necessary
- Attend court hearings as an expert witness as required
- Consider and make reports to the National Crime Agency if necessary
- Review and provide immediate responses to NAVCIS intelligence reports and liaise with police officer
- Make use of Hunter and CIFAS systems to make filings to protect the client from future application fraud attempts
- Ensure compliance with Hunter and CIFAS rules of filing
- Process referrals arising from the Hunter II Fraud detection system, investigate and prevent fraudulent vehicle finance applications, working with the retailer network, internal colleagues and other lending institutions within the Hunter membership.
SKILLS & PERSONAL CHARACTERISTICS REQUIRED
- Able to cope and adapt to a changing environment, hold excellent interpersonal skills, positive and professional manner, good negotiation and influencing skills.
- Resilient, self-motivated, tenacious with capability to work under own initiative.
- Able to work under pressure and still meet deadlines
- Attention to detail.
- Analytical and methodical.
- Motivated by new challenges and willingness to take ownership of tasks or issues
- Thorough understanding of the relevant products and services, legislation and IT systems (including the use of automated financial crime detection tools such as Hunter, CIFAS and Dow Jones)