Fraud Analyst

About Us

JOB DESCRIPTION

Network International is the largest Financial Technology company in the Middle East and Africa. Payments is our core business where we provide services in more than 50 countries – UAE, Jordan, South Africa, Egypt are some of our key markets. Apart from payments, we provide services on Data and Insights, Lending, Insurance, Risk Solutions, etc. Our core customers are businesses at every scale and segment, though recently we have been growing in the direct-to-consumer card segment as well.

Our EVP

At Network International, we always stay ahead. . In the fast-paced world of financial services, we thrive on innovation, agility, and purposeful collaboration. We invest first in our people, empowering you to make bold decisions, learn fast, and grow your expertise alongside industry leaders. Here, solving complex problems means more than using cutting-edge technology; it’s about creating meaningful value for our customers, together. We foster a culture where trust, accountability, and achievement go hand in hand—because success isn’t just a goal; it’s how we work, every day, as one team.

About The Role

As a Fraud Analyst, you specialize in financial transaction monitoring analyzing suspicious activities that could potentially include fraud. The job responsibilities include 24/7 fraud transaction monitoring, action the detected fraud cases, report the fraud cases to scheme, analyze the point of compromise, provide feedback on Fraud Rules effectiveness, recommend enhancement to the fraud rules and immediate notification to internal teams and merchants/clients. You will be responsible for tracking fraudulent activities, holding merchant/client settlement

funds which further involve monitoring financial transactions and analyzing the data retrieved for irregular patterns.

Responsibilities

Key Responsibilities:

• Monitor merchant/transactional-based card spends on a 24x7 basis as per company procedures, agreed service standards and in accordance with agreed controls and procedures.
• Contact cardholders and merchants on suspicious activities on their card/merchant accounts and take necessary actions as per company procedures in accordance with agreed controls and TAT’s.
• Conducting the review of all triggered alerts based on the pre-defined rules in the fraud detection tool.
• Identify fraudulent trends and execute the appropriate action as per the unit process.
• The daily set target of alerts evaluation to be achieved per shift, and all queued alerts to be cleared maintaining no pending alerts by Shift and on timely manners.
• Follow the proper channel of escalation and ensure that all critical issues are reported on time to guarantee the repaid fix.
• Ensure that track records (documents) for all cases are properly produced and documented for history keeping.
• Initiate outbound calls to confirm transactions with merchant/issuing banks and update system appropriately.
• Initiate outbound fraud alert notification through email to the internal team, banks, merchants, and business teams.
• Respond to all inquiries (Banks, Merchants, Internal teams) professionally.
• Holding funds when it is a very suspicious activity to avoid losses to company.
• Deliver efficient and quality services to both internal and external customers that meet or exceed agreed service standards.
• Coordinate with issuing banks to confirm suspect transactions that are performed by our merchants and escalate accordingly.
• Follow the rules and procedure / process as per the SLA for Third Party Customers and Merchants and maintain SLA.
• Adhere to the internal and external Audit / Compliance requirements in the Unit/organization.
• Determining problems or issues in queries or complaints handling nature and proposing solutions for Enhancements.
• Deliver all the required support /task assigned on ADHOC requirement from the management.
• Provide the reporting that is required and case closure within the agreed time. This is in line with the unit goal to form a successful backup program with multi skills players.
  
  

• Educated to Degree level from a recognized university, with fluency English.
  
  

• At least 2 years of experience in Credit Card Fraud, Merchant fraud or in acquiring merchant related work.
• Ability to identify the weakness of current control process and recommends enhancements.
• Familiar with a variety of the fields concepts, practices, and procedures.
• Knowledge of Scheme Rules.
• Product knowledge, service standards, productivity and job analysis method.
• Experience with handling business customers.
• Knowledge of banking operations & acquiring business.