Fraud Prevention Strategist for Digital Payments

5 days ago


Cape Town, Western Cape, South Africa Frank Consult Full time

Frank Consult is seeking a seasoned Fraud Prevention Strategist to lead the development and execution of a comprehensive fraud prevention strategy within their Fintech organisation. This position requires extensive experience in fraud detection and prevention, with a focus on digital payments.

Key Responsibilities:

  • Create and implement a fraud strategy for the digital payments environment, utilising industry best practices and innovative solutions.
  • Employ advanced fraud detection technologies, such as AI and big data analytics, to monitor, detect, and mitigate fraudulent activities.
  • Lead the implementation of systems and tools that support fraud detection, prevention, and investigation.
  • Advise on technology adoption to strengthen fraud defences and ensure alignment with the organisation's goals.
  • Maintain compliance with AML, STR/SAR directives, and other regulatory requirements related to financial crime.
  • Analyse data to identify and analyse fraud patterns, improving detection accuracy.
  • Oversee fraud-related investigations and serve as the key point of contact for all fraud matters.
  • Provide leadership and mentorship to the fraud team, fostering continuous improvement and knowledge of emerging fraud trends and technologies.

Key Requirements:

  • At least 10 years of experience in fraud detection and prevention, with exposure to digital payments being an advantage.
  • 5+ years in a leadership role managing fraud prevention teams.
  • In-depth knowledge of fraud, financial crime, AML, and STR/SAR directives.
  • A proven track record of developing and executing fraud prevention strategies.
  • Experience with AI technologies and their application in fraud detection and prevention.
  • Expertise in data analytics and big data for enhanced fraud detection.
  • Relevant tertiary qualification in finance, legal, or a related field.

This role offers an exceptional opportunity to make a significant impact by shaping and advancing Frank Consult's fraud prevention strategy.

The estimated salary range for this position is £80,000 - £110,000 per annum, depending on experience.



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