Finstro has been solving financial challenges within B2B Trade finance since 2012 and served global businesses with over $1 billion in Trade Payments.
Finstro provides a complete cashflow management platform, enabling customer and supplier payments and providing innovative credit-based solutions to help businesses grow.
We are the solution to pay and get paid on terms that suit your business.
The Fraud Officer is a critical member of Finstro's Team for the prevention of application fraud and ongoing transaction and loan monitoring. You will have primary responsibility is to identifying 1st and 3rd Party Fraud, 1st and 3rd Party Documentation Fraud, review KYC/B reports to determine next action for suspension of account and review of new loans (Card & invoice) for potentially fraudulent activity. The role requires you to be a subject matter expert whilst communicating with and supporting Sales, Credit, Collections and Account Management
Principal Accountabilities
- Use data sources to identify beneficial owners on a customer level & validate owner structure via external sources
- Proactively manage the Ongoing Monitoring program for Business/Owners via external sources
- Manage the new loan (transaction) monitoring program to validate invoice (Supplier) payments, review, approve/decline, and escalate where appropriate.
- Prepare Suspicious Matter Reporting in the Risk Register and report to AUSTRAC
- Develop, Manage and Report the Card Product velocity settings and transaction types to identify potential customer fraud.
- Analyse / Report to Board Risk, Compliance and Internal Audit Committee MoM / YoY trends on Finstro's US Products (Loan, Card & Pay transactions) and customer level activity on potential fraud and operational risk to the business.
- Collaborate with the US Sales, Credit, Collections and Account Management in relation to application fraud trends, operational risks and compliance issues.
- Assist with the continuous monitoring for Finstro's controls environment which directly supports SOC2 / IT/IS compliance and accreditation.
- Assist Head of Risk & Compliance with various risk management tasks and programs of work
- Other duties as assigned by manager.
Position Requirements
- Bachelor's degree in related discipline e.g. Accounting / Finance / Economics
- Minimum 3 years of risk and compliance experience gained ideally from a financial services organisation.
- Risk management specific knowledge and skills e.g. workshop facilitation, numeracy and risk quantification, risk management methodology, policies and procedure development.
- Alignment with financial technology and a fast-paced environment with be highly regarded.
- Competency in, and understanding of, all operational risk types.
- Thorough understanding of the principles and application of good operational risk and control processes and procedures.
- Strong project management skills scoping, scheduling, resourcing and reporting against milestones.
- Strong communication, relationship management, presentation skills, influencing skills, with the ability initiate and lead conversations with stakeholders regarding anticipated and emerging issues.
- Strong business analysis skills with the ability to identify, analyse and proactively resolve problems that impact the organisation's risk and compliance obligations.
- Ability to deal with remote teams and colleagues working in different time zones.
