Transaction Monitoring Officer - LOLC Finance Job Vacancies

COMPANY Name

LOLC Finance

SOURCE

www.topjobs.lk

Closing Date

25 November 2024

One of Sri Lanka's top non-bank financial institutions, LOLC Finance provides a variety of financial services, such as business and personal loans, leasing, hire purchase, savings, and investment products. Using cutting-edge technology and a wide branch network throughout the nation, LOLC Finance offers flexible and easily accessible financial services to individuals, SMEs, and corporate clients with a strong emphasis on customer-centric solutions. It is a division of the LOLC Group, a multifaceted corporation renowned for its robust presence across several industries.

We are looking for a diligent and detail-oriented FRM Monitoring Agent to join our team. In this role, you will be responsible for monitoring all transactions to detect, investigate, and prevent fraudulent activities. The position requires 24/7 availability, as you will be part of a team that provides round-the-clock fraud monitoring to ensure early detection and minimize risk to the company.

Officer - Transaction Monitoring (Card Centre)

The Role :

Monitor real-time transactions for potential fraud or suspicious activities.

Analyse data to detect patterns and anomalies that may indicate fraudulent behaviour.

Investigate flagged transactions and escalate cases when necessary.

Work closely with internal teams to improve fraud detection strategies.

Ensure compliance with company policies, regulatory guidelines, and best practices in fraud detection.

Recommend process improvements to enhance fraud detection efficiency.

The Profile :

Age below 23 years.

Flexibility to work 24/7, including night shifts and weekends.

Experience in Fraud Risk Management, compliance, or a similar field will be an added advantage.

Strong analytical and problem-solving skills.

Attention to detail and ability to quickly identify trends in large sets of data.

Ability to work in a fast-paced environment and make timely decisions.

Excellent communication skills (both written and verbal).

Ability to handle confidential information with discretion.

» An attractive remuneration package and above-industry performance bonus await the ideal candidate.

✥ In order to identify and stop money laundering, fraud, and other financial crimes, a transaction monitoring officer is in charge of monitoring and evaluating financial transactions. They keep an eye on everyday transactions, look into questionable trends, and make sure internal and regulatory regulations are being followed. This position entails looking into activities that have been reported, writing reports for regulatory bodies, and collaborating closely with compliance teams to make sure that Know Your Customer (KYC) and anti-money laundering (AML) laws are followed. The officer is essential to preserving the organization's financial operations' security and integrity.

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