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
To translate executive vision into executable strategy, ensuring that all four Fraud Strategy pillars (Payments, Lending, Data Analytics, Internal Fraud and Risk & Governance) operate under a unified framework with consistent standards, governance, and progress tracking. The role acts as the "orchestration layer" between leadership and the Heads of Fraud Strategy — ensuring alignment, prioritization, and performance monitoring for effective prevention, detection, and response to internal fraud threats while fostering a culture of integrity, accountability, and ethical conduct across business banking operations ensuring compliance, aligning with regulatory requirements and organizational risk appetite.Job Description
Key Accountabilities
Strategy & Framework Development
Develop and implement the Internal Fraud Risk Strategy specific to Business Banking, aligned to the group’s overall Fraud and Financial Crime Framework.
Define and maintain policies, standards, and procedures for identifying, preventing, and responding to insider fraud.
Establish internal fraud risk appetite metrics and monitor performance against set thresholds.
Drive strategic initiatives to enhance the maturity of internal fraud controls and detection capabilities.
Risk Identification & Assessment
Conduct internal fraud risk assessments across business banking segments (e.g., relationship management, credit operations, payments, merchant services).
Identify process vulnerabilities and control weaknesses that could facilitate internal or collusive fraud.
Monitor emerging internal fraud typologies, behavioural indicators, and control gaps.
Maintain an up-to-date internal fraud risk register and ensure timely risk mitigation actions.
Fraud Detection & Analytics
Partner with data analytics, HC and compliance teams to develop tools and indicators that detect unusual employee behaviour or potential insider collusion.
Leverage data-driven insights from access logs, transaction anomalies, and employee performance patterns to identify risks.
Support the enhancement of internal fraud monitoring systems and reporting dashboards.
Incident Management & Investigations
Provide strategic support and oversight for investigations into internal fraud incidents in collaboration with Fraud Investigations, HC, and Legal.
Ensure consistent incident categorisation, root cause analysis, and lessons learned documentation.
Drive remediation of identified control weaknesses and track closure of corrective actions.
Governance & Reporting
Represent internal fraud risk matters in business and fraud governance committees.
Prepare and deliver management reports, dashboards, and insights on internal fraud trends, exposures, and emerging risks.
Support regulatory reporting and audit requirements as needed.
Drive awareness and training campaigns to strengthen fraud risk culture among staff.
Stakeholder Collaboration
Partner with business units to embed fraud risk awareness and controls into daily operations.
Facilitate training and awareness programs for staff on internal fraud risks and ethical conduct.
Preferred Education
Bachelor’s degree in Risk Management, Forensic Accounting, Internal Audit, or related field (NQF Level 6 or higher).
CFE (Certified Fraud Examiner) advantageous
Preferred Experience
7–10 years’ experience in Fraud Risk Management, Internal Audit, or Financial Crime Risk, with at least 3 years in a management or strategy role.
Advanced knowledge of internal fraud risk principles and control frameworks.
Strong analytical, communication, and influencing skills.
Familiarity with data analytics and fraud detection technologies.
Solid knowledge of regulatory requirements related to conduct, ethics, and financial crime.
Ability to lead cross-functional teams and deliver strategic outcomes.
Proficiency in fraud detection systems and data analytics tools.
Knowledge and Skills
Strategic thinking - ability to design and implement an internal fraud strategy aligned to business objectives.
Analytical rigor - skilled in identifying patterns, anomalies, and systemic weaknesses.
Investigation & problem-solving - able to lead complex investigations to resolution.
Influence & communication - strong ability to articulate risk issues and mitigation strategies to senior management.
Integrity & ethics - upholds confidentiality, ethical behaviour, and fairness in all activities.
Continuous improvement mindset: Advocates for process optimization and fraud prevention innovation.
Education
Bachelor's Degree: 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