Fraud Strategy Support Manager (RBB Fraud) at Absa

Job Summary

BRIEF OVERVIEW OF THE SPECIFIC BUSINESS UNIT:
This role is within RBB: Everyday Banking in the Fraud Strategy team looking at Application processes and Lending products. 

BRIEF OVERVIEW OF THE ROLE:
Monitor and continuously evaluate fraud controls within designated responsibility areas within the lending environment to ensure that fraud losses are minimized, fraud risks are controlled on a proactive basis whilst complying with internal policies and procedures as well as rules regulations. Identify fraud vulnerabilities in the end-to-end process and assist in initiating remediation programs as required.
Job Description

KEY RESPONSIBILITIES:

Key Accountabilities:

• Strategy and Execution of Strategy
• Support roll out and execute on signed-off fraud strategies in RBB
• Perform and drive a Fraud Threat Assessment
• Ensure the fraud strategy manager aligns strategy to the Fraud Threat Assessment;
• Ensure (influence) strategy execution to comply with following layers:
• Customer authentication; (ID & V)
• Transaction authorization; (Training)
• Real-time monitoring;
• Track fraud losses to identify defined controls being challenged;
• Mitigate fraud controls where challenged;
• Projects and Book of work – requires fraud strategy managers to lead projects where Fraud Strategy owns the projects, fraud strategy support manager to support these initiatives
• Risk and Control Management
• Adhere to governance criteria
• Monthly risk meeting feedback
• Monthly risk decks
• Internal audit support
• NAPA’s (New Product Assessments)
• CPA findings
• DWB (Dispensations, waivers and breaches)
• Stakeholder management
• Meet Business stakeholders on a regular basis to discuss strategy, performance and threats
• Meet Execution teams on a regular basis to discuss execution and alignment to the strategy

Education and Minimum requirements: 

• B degree or equivalent NQF 7 or degree
• At least 6 - 8 years in Financial Services or related industry
• At least 6 - 8 years in Fraud Management

Preferred skills:

• Communication and Team skills (Advanced).
• Networking Skills & Influencing Skills (Advanced).
• Knowledge of Fraud Risk Principles and Practices (Advanced).
• Understanding of Risk and Compliance concepts (Advanced).
• Analytical Skills (Moderate).
• Interpersonal and Conflict Management Skills (Advanced).
• Ability to both Drive an objective and Deliver (Advanced).

WHAT’S ON OFFER:

• Autonomy to produce excellent results and delight colleagues and customers.
• Opportunity to influence and interact with senior management
• Work in a multi –disciplinary environment
• Opportunity to discover and learn

Education

Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank.

Absa Bank Limited reserves the right not to make an appointment to the post as advertised