FRAUD ANALYST AT AVETIUM OUTSOURCING LIMITED | FRAUD ANALYST JOBS IN LAGOS

About Company:

Avetium Consult is a  Business Process Outsourcing and technology solutions company incorporated in Nigeria. Avetium Consult is what happens when top experts from top multinationals, from diverse fields and with similar values, come together to deliver transformational solutions

Job Description:

Strategy Implementation:

• Execute fraud monitoring activities in alignment with the Fraud Management and

Risk Strategy:

• Support the implementation of fraud prevention, detection, and response initiatives.
• Contribute to continuous improvement of fraud monitoring processes and controls.
• Assist in identifying opportunities to enhance fraud detection capabilities and operational effectiveness.

Risk Management & Compliance:

• Adhere to all fraud management policies, standards, procedures, and guidelines.
• Implement fraud risk mitigation measures as directed by management.
• Ensure compliance with regulatory requirements and internal governance frameworks.
• Support monitoring and reporting against agreed Service Level Agreements (SLAs) and Key Performance Indicators (KPIs).
• Escalate material fraud incidents and operational issues in accordance with approved escalation procedures.

Escalations:

• Promptly escalate suspicious or confirmed fraud cases requiring immediate intervention.
• Escalate issues that may impact fraud losses, operational performance, customer experience, or regulatory compliance.
• Escalate system-related challenges affecting fraud monitoring effectiveness.

Reporting:

• Prepare and submit daily fraud monitoring reports and shift handover reports.
• Maintain accurate records of alerts reviewed, actions taken, and cases escalated.
• Support the preparation of ad hoc reports as required by management.

Performance Management:

• Ensure timely review and disposition of alerts within approved SLA timelines.
• Achieve productivity and quality targets established by the Fraud Desk.
• Support continuous improvement initiatives aimed at reducing fraud losses and improving operational efficiency.

Operational Delivery:

• Conduct real-time monitoring of fraud alerts generated from fraud management systems and other monitoring platforms.
• Review and investigate suspicious transactions, accounts, wallets, cards, and customer activities.
• Identify unusual transaction patterns, anomalies, and potential fraud indicators.
• Detect emerging fraud trends and report findings to management.
• Monitor fraud risks across all products, services, and channels.

Fraud Investigation:

• Conduct preliminary investigations into suspicious transactions and activities.
• Gather, review, and analyse evidence required to support investigations.
• Review transaction records, customer profiles, account activities, system logs, and other relevant documentation.
• Document investigation findings and maintain detailed case records.
• Support comprehensive investigations conducted by Fraud Management, Risk,

Fraud Prevention and Control:

• Support implementation of fraud prevention and detection controls.
• Recommend improvements to fraud monitoring rules and detection scenarios.
• Assist in identifying control gaps and vulnerabilities.
• Support testing and assessment of fraud controls and monitoring systems.
• Recommend actions to mitigate identified fraud risks.

Incident Management:

• Escalate fraudulent and suspicious activities in accordance with approved escalation procedures.
• Coordinate with relevant stakeholders during fraud incident response activities.
• Support containment and mitigation of confirmed fraud incidents.
• Assist in post-incident reviews and root cause analysis exercises.

Analytics and Reporting:

• Analyse fraud trends, patterns, and emerging threats.
• Maintain accurate fraud monitoring dashboards and case records.
• Contribute to periodic fraud reporting and management information.
• Provide insights and recommendations to improve monitoring effectiveness.

Awareness and Continuous Improvement:

• Support fraud awareness initiatives across the organization.
• Share fraud intelligence and emerging fraud trends with relevant stakeholders.
• Participate in training programs and knowledge-sharing sessions.
• Contribute ideas for improving fraud monitoring processes, controls, and tools.

Shift Operations:

• Participate in a 24/7 shift-based monitoring environment.
• Ensure effective shift handovers and continuity of operations.
• Maintain coverage during weekends and public holidays as scheduled.
• Support business continuity and uninterrupted fraud monitoring operations.

Requirements:

• Bachelor's Degree in Accounting, Banking and Finance, Economics, Business Administration, Information Systems, Cyber Security, Statistics, Computer Science, Criminology, or a related discipline.
• Professional certifications in Fraud Management, Risk Management, Compliance, or Financial Crime will be an added advantage.
• 1-3 years' experience in Fraud Monitoring, Fraud Investigation, Financial Crime, Compliance, Risk Management, Banking Operations, Fintech Operations, Telecommunications, or related fields.
• Experience working in a transaction monitoring or fraud operations environment is preferred.
• Experience using fraud management systems, case management tools, and monitoring platforms will be an added advantage.
• Experience within Banking, Fintech, Mobile Money, Payment Services, or Telecommunications industries is desirable

Salary

Application Closing Date: 31st August, 2026

Application Instructions:

Click on the link below to apply