Head of Fraud

Frank Consult • Full-time • Cape Town, Western Cape, South Africa • 1w ago

Our client is seeking a skilled Head of Fraud to lead the development and execution of a comprehensive fraud prevention strategy within their Fintech organisation. The ideal candidate will have extensive experience in fraud detection and prevention, with a focus on digital payments. They will integrate AI and data analytics to enhance fraud detection capabilities and guide the organisation in adopting advanced fraud prevention technologies.

Key Responsibilities :

Develop and implement a fraud strategy for the digital payments environment, using industry best practices and innovative solutions.
Utilise 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.
Ensure compliance with AML, STR/SAR directives, and other regulatory requirements related to financial crime.
Use data analytics to identify and analyse fraud patterns, improving detection accuracy.
Oversee fraud-related investigations and act 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 :

10+ years of experience in fraud detection and prevention, with exposure to digital payments being a strong 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 is an excellent opportunity to join a forward-thinking organisation and make a significant impact by shaping and advancing its fraud prevention strategy.

How to Apply: Please only apply if you meet all the requirements for this position. You can apply online by clicking the “Apply” button or send your CV and cover letter to Kindly note that only shortlisted candidates will be contacted. If you do not receive feedback within 10 days, please consider your application unsuccessful.

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