Fraud Prevention Manager

OutsideCapital; Wes-Kaap; On-site; ZAR 1,200,000 - 1,800,000; Full time

Job summary

OutsideCapital seeks an ambitious compliance leader to own regulatory obligations in a dynamic SA fintech environment. You will shape the program across NPS Act, FAIS, FICA and POPIA, partnering with banks and regulators to safeguard the ecosystem.

This role blends operational ownership with strategic influence, driving RMCP implementation, training, audits, and incident remediation while reporting to senior leadership.

Qualifications

• 5+ years of dedicated compliance experience within the South African Financial Services sector.
• In-depth working knowledge and application of FICA, the NPS Act, FAIS, and POPIA frameworks.
• Proven ability to collaborate with executive management, cross-functional teams, and regulators.
• Pragmatic, solution-oriented approach bridging commercial realities with statutory requirements.

Responsibilities

• Regulatory ownership of the business unit’s compliance program across NPS, FAIS, FICA and POPIA.
• Drive and refine the RMCP implementation and ongoing governance.
• Review and sign off on new commercial initiatives, merchant features, and onboarding flows for risk mitigation.
• Design, implement and automate internal controls with product and operations teams.
• Engage sponsoring banks, PASA/PIB, and regulators as the primary compliance partner.
• Coordinate internal audits, respond to regulatory inspections, and close audit findings.
• Develop and deliver compliance training to instill a risk-aware culture across merchant operations.
• Maintain dashboards and provide risk updates to senior leadership.

Skills

Regulatory compliance

Stakeholder management

Risk assessment

Education

Bachelor’s degree in law / compliance / risk management

Job description

Our client is a high-growth, innovative financial technology group operating across Southern Africa. Committed to driving financial inclusion and modernizing commerce, they provide mission-critical payment rails, digital software platforms, and financial services to micro, small, and medium enterprises. Joining their team means becoming part of an agile, impact-driven environment that empowers merchants and consumers through next-generation financial tools.

Are you an ambitious compliance professional who thrives at the intersection of financial technology, regulatory assurance, and commercial innovation?

In this pivotal 1st-line compliance leadership role you will be working alongside senior executives and operational teams, you will act as a trusted advisor, shaping how the business builds products, protects its ecosystem, and navigates an evolving regulatory landscape.

This position offers a rare blend of operational ownership and strategic influence. You will have the platform to build proactive compliance frameworks, collaborate with sponsoring banks and industry bodies, and directly influence positive customer outcomes in a fast-paced, high-volume transactional environment.

Responsibilities

• Regulatory Ownership: Take full ownership of the business unit’s compliance program, ensuring robust adherence to the National Payment System (NPS) Act, FAIS, FICA, POPIA, and related legislation.
• Framework Implementation: Drive, evaluate, and enhance the implementation of the Risk Management and Compliance Program (RMCP).
• Product & Process Enablement: Review and sign off on new commercial initiatives, merchant features, and digital onboarding flows to proactively identify and mitigate risk.
• Control Environment: Partner with product, operations, and technical teams to design and implement practical, automated, and effective internal controls.
• Stakeholder Engagement: Act as the primary compliance partner for sponsoring banks, payment associations (PASA/PIB), and regulatory authorities such as the FIC.
• Combined Assurance: Facilitate regulatory inspections, coordinate internal audits, and ensure timely closure of compliance-related audit findings.
• Culture & Awareness: Design and deliver engaging compliance training interventions to instill a culture of sound risk governance across all merchant operations.
• Reporting & Escalations: Maintain compliance dashboards, deliver periodic risk updates to senior leadership, and ensure prompt escalation and remediation of material breaches.

Requirements

• Education: Bachelor’s degree in law, Risk Management, Compliance, or a related commercial discipline.
• Experience: Minimum 5+ years of dedicated compliance experience within the South African Financial Services sector
• Regulatory Knowledge: In-depth working knowledge and application of FICA, the NPS Act, FAIS, and POPIA frameworks.
• Stakeholder Management: Demonstrated track record of collaborating effectively with executive management, cross-functional business partners, and financial regulators.
• Mindset: Pragmatic, solution-oriented approach with the ability to bridge commercial realities with statutory compliance requirements.

Nice-to-Haves

• Professional Accreditation: CISA (Compliance Institute Southern Africa) registration or equivalent professional designation.
• Specialized Experience: Prior experience interacting directly with sponsoring banks and national payment clearing house structures (e.g., PASA/PIB).