Job Description

Empowering Africa's tomorrow, together...one story at a time.
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 The Executive: Fraud Strategy is a value defending role reporting into the Chief Operations Officer (COO). The portfolio for this role is focused on defining the fraud risk strategy for the business and driving operational excellence across the end-to-end fraud risk value-chain. As an influencer and value defender in the business, you will use your decades of industry experience, knowledge and expertise to execute the business' vision through a functional fraud risk strategy. The ideal incumbent will be comfortable having data-led conversations to provide insights that contribute to key strategic decisions aligned to the Cluster and Group strategy. The role will require a strategic thinker, an effective communicator and a proactive leader who can drive execution while navigating complex business dynamics.

Fraud Strategy and Execution and Operational Effectiveness

• Define the Fraud Risk framework for the Cluster, creating alignment with Group and Business priorities.
• Set the Fraud Risk strategy for the Cluster based on data-led insights related to business drivers, customer experience, Group standards, and industry best practice
• Partner with the key business stakeholder to ensure the strategy is fit-for-purpose across all business lines.
• Translate strategic plans into tactical and operational plans to ensure successful delivery of the strategy.
• Make data-led recommendations and implement remedial programs as agreed with business to close gaps.

Continuous Improvement, Efficiency and Innovation

• Oversee the implementation and effective utilization of Fraud tools and technology within the business.
• Oversee continuous improvement in the tools and technology architecture, driving recommendations for enhancements to Cluster, Group and other relevant stakeholders.
• Perform governance and oversight as a leader on selected management/steering committees, to provide guidance and control governance oversight with regard to their target performance, interpretation of the environment within which these businesses operate, determination of strategic and tactical initiatives, agreement in decision-making and the driving of corrective actions to ensure that the business objectives of these business units are also met.
• Drive cost efficiencies to optimize both business efficiency and financial performance related to Fraud

Stakeholder Management

• Develop and enhance network and relationship building to align the Cluster with business partners within the organisation as well as strategic stakeholders.
• Maintain a high level of professionalism in stakeholder interactions, including written and verbal communications, based on sound knowledge of the industry and understanding of relevant regulatory requirements.
• Develop and maintain partnerships industry institutions, and fraud/loss prevention organizations and industry bodies.
• Build strong relationships with industry peers and contribute to best practice on fraud schemes and losses.

Preferred Education
Post Graduate or Master's Degree in Business Administration, Fraud, Risk, FinCrime, Strategy, or a related field.
Preferred Experience

• [10+] years of experience in a strategic, operational, or leadership role (e.g., management consulting, business operations, or executive advisory).

• Strong analytical, problem-solving, and project management skills.

• Exceptional communication and stakeholder management abilities.

• Ability to navigate complex organizational structures and influence decision-making.

• Proven ability to manage multiple priorities in a fast-paced, high-performance environment.

Experience in Banking or Consulting firms is advantageous.
Education
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