CBS - FRAUD ANALYST

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Position Title:  Fraud Analyst

Job Summary

• The role has a direct impact to managing financial losses. It is responsible for detecting fraudulent transactions and account activities that are triggered by the existing fraud detection tools such as Falcon, MCDI and generated Day 2 reports.

   

  Promotes and provides good customer experience in servicing clients during a call.

Specific Duties & Responsibilities

Fraud Detection:

1. Keeps the Gross Fraud Amount (GFA) and Net Fraud Loss (NFL) within target by ensuring immediate, timely and thorough review and handling of cases alerted by the different fraud detection tools.
2. Monitors and analyzes target volume of alerts per hour generated by Falcon Case Manager/MCDI that triggers potentially fraudulent transactions.
3. Ensures 100% completion in the review of alerts generated by the Day 2 reports. Assessing the transaction patterns, cardholder activities and provides decision on whether the transaction or cardholder activity is potentially fraud.
4. Performs callout to the customers, branches or other third parties as necessary to confirm highly suspicious transactions/activities and maintain contact rate within target.
5. Keeps detection rate within target by using other channels aside from calling the cardholder to confirm a suspicious transaction/activity such as sending of SMS and email notifications to the cardholders.

Fraud Prevention:

1. Keeps the Average Loss per Account and Hit Rate within the targets by initiating temporary blocking of card to prevent further fraudulent transactions while maintaining the false-positive ratio within acceptable figure.
2. Permanently blocks the card for confirmed fraudulent cases and initiates replacement as necessary to prevent additional losses and avoid customer complaints.
3. Registers or enrolls card numbers in the Mastercard or Visa exception list as required to prevent fraud transactions from being approved during downtime to maintain GFA within target.
4. Enlists or uploads suspect accounts in the different hotlist of Falcon, or MCDI or RBA based on the description of the compromised data to prevent fraud.

Customer Service:

1. Maintains the Grade of Service (GOS) within identified thresholds by ensuring immediate handling of inbound calls from cardholders responding to our notifications.
2. Ensures availability and keeps the Average Call Time (ACT) within agreed thresholds by following the standard inbound spiel to avoid abandoned calls.
3. Keeps call accuracy rating within standards by ensuring that appropriate spiels on disputed transactions, malicious reporting, card blocking and replacement were mentioned to the cardholder.
4. Maintains zero disaster by ensuring timely filing of disputes in order to immediately recover losses and credit the cardholders’ account.
5. Traces disputed transactions and sends transaction cancellation requests to acquiring banks and merchants to help customer recover the funds and keep NFL within target.

Additional Responsibilities:

1. Acts as back-up to Authorizations to handle merchant calls for transaction approvals, as needed to ensure continuity of work. (Credit)
2. Maintains zero internal and external complaints by ensuring compliance to regulatory requirements and internal policies

100% and timely completion of other duties or responsibilities that may be assigned by the Section, Department and/or Division Head

Qualifications:

• Bachelor’s Degree holder; Preferably graduate of business course
• Preferably with 1-year experience in fraud management work from any financial institution. Supervisory experience is an advantage
• Communication – satisfactory oral and written communication, interpersonal and leadership skills
• Technical – proficient in Microsoft applications such as Word, Excel and Powerpoint
• Willing to report onsite 100% on a shifting schedule (morning, midshift, nightshift, weekends, or holidays)

Other Details:

Rank: Rank and File

Unit: Consumer Business Sector / Credit Operations Group / Authorizations, Fraud, and Chargeback Department

Location:  Ayala, Makati