Senior Fraud Prevention Strategist

3 weeks ago


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

About Our Client: Our company is a leading fintech firm specializing in digital payments. We are committed to providing innovative and secure payment solutions that empower businesses and individuals to thrive in the digital economy. As we continue to grow, we are seeking a highly experienced and strategic fraud prevention specialist to lead our efforts.

Purpose of Role: The Head of Digital Payment Security will be responsible for developing and implementing comprehensive fraud prevention strategies to safeguard our digital payment systems. This role involves overseeing the fraud team, ensuring effective monitoring, analysis, and investigation of fraud cases, and collaborating with various departments to enhance fraud prevention measures.

Key Responsibilities:

  • Develop and Implement Fraud Prevention Strategies: Design and implement effective fraud prevention and detection strategies to minimize risks and ensure compliance with industry regulations.
  • Lead and Manage the Fraud Team: Oversee the fraud team, providing guidance and support to ensure high performance and effective collaboration with other departments.
  • Oversee Fraud Case Monitoring and Analysis: Monitor, analyze, and investigate potential fraud cases to identify trends and areas for improvement.
  • Collaborate with Other Departments: Work closely with other departments to enhance fraud prevention measures and ensure compliance with industry regulations.
  • Stay Up-to-Date with Industry Trends: Stay abreast of industry trends and best practices in fraud prevention and digital payments.
  • Conduct Risk Assessments: Conduct risk assessments and implement measures to mitigate fraud risks.
  • Prepare and Present Reports: Prepare and present detailed reports on fraud trends, risks, and mitigation strategies to senior management.
  • Foster a Culture of Continuous Improvement: Foster a culture of continuous improvement, collaboration, and accountability within the fraud team.

Qualification and Experience Required:

  • Tertiary Qualification: Relevant tertiary qualification in finance, legal, or a related field.
  • Experience in Fraud Detection and Prevention: At least 7-10 years of experience in fraud detection and prevention, with a focus on digital payments.
  • Leadership Experience: At least 3-5 years of experience in a leadership role.
  • Knowledge of Fraud and Financial Crime: Enhanced knowledge of fraud and financial crime, including AML and STR/SAR directives.
  • Proven Track Record: Proven track record of developing and implementing successful fraud prevention strategies.


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