Head of Fraud Risk at WesBank

Job description

Brief Posting Description

The Head of Fraud Risk creates and ensures the implementation and managing an effective fraud management strategy that minimises risk and loss to the organisation and ensures compliance with industry best practice and operating procedures. The incumbent will promote fraud risk management awareness, take ownership of the investigative cycle, and ensure compliance by introducing industry best-practice systems and operating procedures. The incumbent operates independently and also leads and directs a team. It is inherent to the role that the incumbent is honest in dealing with cash and financial transactions. As such, it is a pre-requisite for candidates to undergo consumer credit record checks to enable the Employer to ascertain whether the candidate’s credit record is acceptable.

Job Requirements

• Analyses risk to organisation and makes mitigating recommendations
• Ensures resourcing decisions are aligned to the Transformation Plan
• Develops a Transformation Plan for area of responsibility
• Builds and maintains effective relationships with stakeholders
• Contributes to financial gain of company through protecting its assets and recovery of assets and money
• Manages the business processes for area of responsibility
• Manages the required resources to enable business performance and achieve business objectives
• Provides a consultative service to all stakeholders on the detection and prevention of fraud
• Implements performance management across the area of responsibility
• Researches, designs and implements best practice customer service solutions
• Manages the investigative process and remediates all manner of threats to ensure successful business outcomes and recoveries
• Plans, secures and controls the annual budget/s for area of responsibility
• Ensures minimisation of organisational financial risk
• Provides subject matter expertise to stakeholders on the interpretation, design, implementation and facilitation of risk solutions
• Participates in planned activities that are appropriate for own and staff development in area of responsibility
• Builds and maintains effective working relationships with internal and external parties

Additional Details

Minimum Qualification - Investigative Forensic Diploma / LLB /accounting degree

Preferred Qualification - Investigative Forensic Diploma / LLB /accounting degree

Experience - Eight years’ experience fraud and or forensic management within the banking sector