Kind Consultancy is working with a major UK Financial Services brand which is currently seeking a Money Mule Fraud Consultant to join them on a remote, 3 month contract paying £650 per day via umbrella.

The Money Mule Fraud Consultant will be responsible for developing the ‘Money Mule’ prevention strategy focusing on strengthening the firm’s controls in providing accounts to mules that help launder the proceeds of fraud and money laundering and, strengthening detective controls once transactions have been processed. Key activities will include:

• Developing rules within the in-house plastic, digital payment, and acquisition fraud detection systems to combat mule fraud, using techniques such as historical data analysis of patterns and behaviours; link analysis; and anomaly detection.
• Driving changes within fraud operations processes that are executed to manage Money Mule cases.
• Optimising and monitoring performance of money mule detection and prevention systems and associated models, working between the operational teams and Fraud Strategy.
• Partnering with the Fraud Analytics team whom are experts in the Bank’s primary detection systems.
• Feeding data into relevant MI required by governance committees and stakeholders relevant to Money Mule activity.
• Supporting network analytics and link analysis before the money mules start to transact across our accounts.
• Working collaboratively with relevant stakeholders to prevent the organisation from being used for mule accounts, stopping money going into the hands of fraudsters and money launderers.
• Ensuring that operational and genuine customer impacts are balanced against fraud risk and losses.

For the Money Mule Fraud Consultant contract, we’re looking for candidates who:

• Has proven experience in a Fraud Strategy or Fraud Analytics function within UK Retail Banking.
• Has detailed knowledge and demonstrable experience of utilising industry standard Fraud defence systems & models (e.g. Falcon, PRM, Feedzai, Actimize, BioCatch, Hunter, Sira, TSYS Cardguard etc.)
• Has practical experience of using SAS, SQL or equivalent analytical tools to develop data driven solutions.
• Has experience of developing and implementing successful fraud prevention strategies and initiatives to prevent Fraud within financial services.
• Has a strong knowledge and understanding of Money Mule risk and industry trends within financial services to identify risks that may impact our organisation.
• Demonstrates strong analytical and problem-solving skills, with the ability to interpret complex data and identify actionable insights.
• Has excellent communication and interpersonal skills, with the ability to effectively collaborate with cross-functional teams.
• Is able to articulate complex analytical concepts to non-technical stakeholders.
• Having experience of developing and implementing successful fraud prevention strategies and initiatives to prevent Money Mule activity within financial services would be highly desirable, as would a pre-existing awareness of external regulatory changes that have the ability to impact Money Mule risk.

If you’re interested in the Money Mule Fraud Consultant contract and you have the skills, knowledge and experience we’re looking for, please apply with an updated CV today.