Head Fraud: Digital Threat at Absa Group

Sandton, Gauteng, South Africa -

Full Time

Start Date

Immediate

Expiry Date

05 Jun, 26

Salary

0.0

Posted On

07 Mar, 26

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Fraud Risk Management, Digital Threat Mitigation, Technology Risk, Cyber-fraud, Payment Fraud, Insider Fraud, Third-Party Fraud, Threat Intelligence, Fraud Detection Controls, Fraud Prevention Controls, Governance, Risk Appetite, Data Science, Analytics, Team Leadership, Financial Crime

Industry

Financial Services

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 Do you lead the defence against digital and technology-driven fraud in a dynamic banking environment? We are seeking a visionary Head of Fraud – Digital & Technology Threats to join our Corporate & Investment Banking Fraud team. In this role you will be accountable for preventing, detecting, and mitigating fraud risks arising from digital platforms, technology systems, data, and emerging technologies within the CIB business. You will ensure that technology-enabled fraud threats—including cyber-fraud, payment fraud, insider-enabled fraud, and third-party fraud—are proactively managed while enabling secure, seamless client and market-facing operations. Acting as a strategic bridge between Fraud, Technology, and the CIB business, you will translate complex threat intelligence into actionable fraud risk decisions to protect the bank, its clients, and its reputation. Job Description Your additional Key Responsibilities will include the following: Defining and implementing the CIB Digital & Technology Fraud Strategy, aligned to enterprise financial crime frameworks and risk appetite. Anticipating and responding to emerging fraud typologies, including platform abuse, account compromise, payment manipulation, identity fraud, and technology-assisted insider fraud. Ensuring fraud risk considerations are embedded into digital transformation and product innovation initiatives. Lead fraud threat intelligence, including monitoring of internal trends, external intelligence, and industry threat sharing. Oversee the design and effectiveness of fraud detection and prevention controls across digital channels, payment systems, trading platforms, and internal systems Establish robust fraud governance, policies, and standards related to digital and technology threats Oversee fraud risks arising from third-party service providers, fintech partnerships, cloud platforms, and outsourced services. Partner closely with CIB Technology, Digital, Payments, Markets, Operations, and Product teams to balance fraud risk and client experience. Build and lead a specialist Digital & Technology Fraud team with skills in analytics, threat intelligence, and investigation. If you are passionate about innovating fraud prevention in the digital age and possess proven leadership in financial crime or technology risk, we want to hear from you. Join us and help shape a secure future for our clients and markets. Be part of a forward-thinking team dedicated to combating digital and technology threats! Send in your CV if you have the required experience as well as meet the below criteria; A B Degree in Risk Management, Information Systems, Data Science, or a PostGrad preferably Relevant certifications (e.g., CAMS, CISSP, CGERT, or equivalent). 10+ years’ experience in fraud risk, financial crime, or technology-enabled fraud, preferably within corporate, investment, or wholesale banking. Proven leadership experience managing complex fraud risk environments across digital platforms and payment systems. 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 Absa Group Limited (“Absa Group”) is listed on the Johannesburg Stock Exchange and is one of Africa’s largest diversified financial services groups. Absa Group offers an integrated set of products and services across personal and business banking, corporate and investment banking, wealth and investment management and insurance. Absa Group owns majority stakes in banks in Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, South Africa, Tanzania (Absa Bank Tanzania and National Bank of Commerce), Uganda and Zambia and has insurance operations in Botswana, Kenya, Mozambique, South Africa and Zambia. Absa also has representative offices in China, Namibia, Nigeria and the United States, as well as securities entities in the United Kingdom and the United States, along with technology support colleagues in the Czech Republic.

Responsibilities

This role is accountable for preventing, detecting, and mitigating fraud risks arising from digital platforms, technology systems, data, and emerging technologies within the Corporate & Investment Banking (CIB) business. Key responsibilities include defining the CIB Digital & Technology Fraud Strategy and overseeing the design and effectiveness of fraud detection and prevention controls across digital channels and payment systems.