Roles and Responsibilities

- Observe transactions and work flows to identify potential and actual fraud, review, recommend, implement, and maintain centralized fraud identification, response, mitigation, and reporting -policies, procedures and controls.

- This position will serve on various Risk Management and Information Security teams and committees as necessary and assigned as well as work with internal and external stakeholder

- Work with DSM global law enforcement and financial institutions in championing fraud projects and initiatives and use Enterprise Risk Management and Business Intelligence tools and methods to create and maintain fraud analysis models to improve efficiency and effectiveness of fraud mitigation efforts

Fraud detection and prevention:

- Work closely with the Global DSM businesses and procurement teams and lenders to review cases which have flagged fraud indicators and report back to the relevant party, where appropriate, as to whether the application can be progressed or declined

- Support procurement analyst to identify and compile evidence and offer recommendations on next steps, such as engaging Law Enforcement Agencies

- Support the compilation of reports for external stakeholders for fraud case file and impact reviews

- Contribute to the development and ongoing monitoring of GbS Fraud Risk Registers

- Recommending updates to the internal fraud Logs, where appropriate, and ensure all documentation related to such cases are saved in the appropriate files for audit purposes

- Liaise with Global DSM Senior Account Managers and Risk Management teams to ensure that messages about fraud and its prevention are conveyed correctly to suppliers and relevant stakeholders

Audit :

- Suspicious invoices: Out of pattern invoices

- Shell Vendors: Fuzzy, match vendors and employee info, single client vendors

- Suspicious invoice patterns: Suspicious ranges, fixed interval invoicing

- Multiple suspicious transactions: Multiple red flagged transactions for a vendor

- Cumulative payment anomalies: Payment spikes, non-conformance to benfords law

- Suspicious PO(s): PO(s) without PR, Purchase Spikes, PO(s) created during holiday/weekend

- Suspicious approval patterns

- High Risk Transactions

Desired Candidate Profile : 

- Experience gained in Procurement Management as a fraud investigator;

- Knowledge of fraud detection systems / packages;

- Experience with working with ACFE(Association of Certified Fraud Examiner) or similar industry fraud prevention body

- Knowledge of fraud detection, prevention, in procurement Source to Pay is essential

- An ability to evaluate information quickly and accurately whilst managing multiple and sometimes conflicting priorities

- Demonstrate high degree of intellectual curiosity, attention to detail and critical thinking skills.

- The ability to work with sensitive and confidential information is a must.

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