Forensic Investigator

Job Description

Our Nedbank Retail Card, Payments & Transactional Business is seeking an experienced Forensic Investigator to conduct investigations. In this role you will be responsible for carrying out investigations into Card, Credit application, Merchant and Transactional Fraud. The ideal candidate will investigate cases and provide recommendations to business by following forensic methodologies. This role assists the bank to mitigate fraud risk whilst enforcing criminal liability and ensuring regulatory requirements are met for the benefit our business and our customers. Prior investigationsexperience in Fraud Investigations, Money Laundering or Commercial Crime Investigations is required.
Job Responsibilities
  • Contribute to a culture of transformation goals by participating in Nedbank culture building initiatives, business strategy and CSI.
  • Ensure costs are recovered per time allocation and transfer pricing agreements with stakeholders.
  • Ensure work completed per plan and conduct investigations.
  • Identify gaps in processes, make recommendations to improve processes and prevent re-occurrence of claims.
  • Highlight implication of not implementing recommendations so that corrective action can be taken.
  • Prevent further potential losses by alerting other banks of possible fraudulent transactions and identifying suspicious deposits.
  • Conduct investigations and report fraudulent activities.
  • Ensure regulatory standards for record keeping are met.
  • Ensure provision for claims are made and regulatory requirements are met and report claims and corruption cases.
  • Ensure consistency of sanctions for similar transgression.
  • Report information regarding fraudulent trends to Enterprise Risk Committees (ERCOs) for implementation of preventative and corrective action.
  • Gather and analyse relevant documentation received from clients.
  • Obtain evidence and determine veracity of claims by requesting assistance from internal sources within Group Risk Services (GRS) as well as suppliers.
  • Ensure client needs and expectations are met.

Responsibilities + Skills

CommunicationContinuous LearningCustomer FocusDecision Making


Relevant 3 year qualification:BCom Law or Forensic Accounting, BA in Law or Diploma in PolicingDiploma: Criminal Justice and Forensic Auditing , Advanced Diplomas/National 1st Degrees


Ethics and FraudFraud investigation methodologyGovernance, Risk and ControlsRelevant regulatory knowledge

Job Summary

  • Published on: Monday, 23rd December 2019
  • Designation: Forensic Investigator
  • industry: Retail
  • Vacancy: 1
  • Employment Status: Full-time
  • Job Location: Johannesburg
  • Salary: on a call
  • Gender:
  • Application Deadline: Monday, 23rd December 2019

About the Company

  • Company Name: Nedbank Recruiting.
  • Address:
  • Website:
  • Company Profile:
  • Staying abreast of the various IFRS 9 modelling methodologies across retail and wholesale productsContributing to development aspects of the loss forecasting and stress testing framework and keeping the framework up to date as the methodology evolvesConducting ad hoc analysis on IFRS 9 PD, EAD, LGD and Survival models, as well as overall impairment calculations, for retail as well wholesale-type portfoliosConducting independent credit risk stress testing related research and using it as input into proposals and strategiesEngaging with various stakeholders across the organisation (including risk and finance) to discuss methodological aspects, business assumptions and results from the loss forecasting work stream

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