With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.
Job Summary
Our CIB Fraud team strives to identify fraud risks and emerging threats while keeping up with the fast-paced digital world. Our main focus is to ensure that our clients are guarded against fraud threats while growing their businesses to greater heights. Join this dynamic team as a Fraud Strategy Manager for Trade & Working Capital. In this role, you will deliver a proactive fraud prevention and detection strategy for CIB Pan-Africa focusing on Trade & Working Capital and Investment Banking, in line with policy, risk appetite, appropriate standards in coordination with ARO Fraud Strategy. Development of a fraud control framework in partnership with in-country.
Job Description
Key Accountabilities
- Define industry leading prevention and detection strategies and policies to support business in managing fraud losses within appetite.
- Work with ARO Fraud Strategy Head and CIB Fraud Strategy Head, to deliver the CIB fraud strategy Pan-African.
- Work with business to assess current control strength across the broad range of CIB Pan-African businesses and propose strategies that are commercial and support the business aspirations of the business (balance fraud losses with customer experience).
- Ensure Fraud strategies deliver fraud results within expected forecasted levels
- Act as Subject Matter Expert (SME) for fraud in the assessment of new products launched under the business structure
- Work with Fraud Operations in devising centralized Pan-African fraud monitoring capability across relevant CIB fraud risk types
- Drive commercial solutions, and embrace the use of technology to provide business with a responsive and alert fraud risk management capability
- Champion fraud awareness across the business to ensure that fraud is a constituent part of the businesss conscience
- Support the Fraud Strategy Head in articulating the target risk and control framework for business pan-Africa, being seen as an active partner in the risk management of the business
- Work with the Fraud Risk Management Leadership team to ensure a commercial approach to risk and control is achieved.
- Ensure that processes, control requirements and risk management frameworks that have been designed for the area are understood by all members of the team.
- Own key fraud relationships within business, ensuring that there is a shared understanding of the fraud threat, and to ensure sharing of best practice
- Represent the organisation at key industry bodies, ensuring that controls evolve in line with emerging and increasing threats
- Present and communicate results to Senior Management, working closely with Senior Manager to ensure consistent approach
- Relevant Degree 3 - 4 year Commercial Degree
- ACFE or CFP Fraud Professional Qualification
- 3 years experience in Fraud
- 3-5 years experience in Corporate Banking
- Experience in line management
- Exposure and experience working in rest of Africa is desirable
Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)
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
