Investigation and Counter Fraud Manager

Why this job matters

Fraud Prevention and Detection

• Develop and implement strategies to prevent and detect fraudulent activities within the organization.
• Conduct risk assessments to identify areas susceptible to occupational fraud.
• Monitor transactions and operations for irregularities and unusual activities.
• Conduct training and awareness programs for employees on occupational fraud prevention
• Liaise with other departments, such as finance, HR, and operations, to address fraud-related issues.
• Act as the point of contact for all fraud-related inquiries and concerns.
• Provide expert advice and support to management on fraud prevention and investigation matters.
• Stay updated on the latest trends and developments in fraud prevention and investigation.
• Implement best practices and innovative solutions to enhance the organization's antifraud capabilities.
• Identify and assess occupational fraud risks and develop controls to mitigate them.
• Recommend improvements to internal controls and processes to prevent occupational fraud.
• Partner with other departments to improve governance and occupational fraud risk management frameworks.

Investigation Management

• Lead and manage internal investigations related to occupational fraud, theft, misconduct, and policy violations.
• Conduct investigative audits of financial records, operations, and systems to detect fraud, mismanagement, or non-compliance.
• Utilize forensic accounting techniques to trace and analyse complex financial transactions.
• Gather, preserve, and present evidence that is admissible in legal proceedings.
• Work with external forensic experts when necessary to deepen the investigation.
• Collaborate with law enforcement and regulatory agencies when necessary.

Counter Fraud and Blocking of Revenue Leakages

• Identify and investigate revenue leakage points such as fraudulent transactions, pilferage, or misreporting of sales.
• Conduct periodic assessment of applications that process and report sales and remittances to ensure data integrity, accuracy and completeness
• Develop and implement counter-fraud strategies, including the use of technology and data analytics to monitor and flag suspicious activities.
• Collaborate with the finance and operations teams to close loopholes that may lead to revenue loss.
• Conduct periodic reviews and audits to ensure ongoing compliance and prevent recurrence of identified fraud risks.

Job Skills/Competencies Required

Bachelor’s degree in accounting, Finance, Law, Criminology, or a related field.

Professional certifications as a Certified Fraud Examiner (CFE)

Professional certification or membership of forensic associations, for example, Chartered Institute of Forensic and Investigative Auditors of Nigeria (CIFIAN) or similar body.