Senior Manager : Fraud Risk Management

Liberty Group Limited; Johannesburg; On-site; ZAR 600,000 - 850,000; Full time

Job summary

Liberty Group Limited is seeking a Fraud Risk Manager to lead strategic initiatives in fraud risk management. The role involves providing oversight, developing policies, and ensuring compliance with regulations. Candidates should possess strong risk management experience, particularly in the financial services sector, and a relevant degree.

Qualifications

• 5-8 years of experience in financial services risk management.
• Professional certifications in Risk Management or Fraud Risk are advantageous.

Responsibilities

• Provide strategic leadership and oversight on fraud risk management.
• Develop and maintain fraud risk policies and controls.
• Ensure accurate and insightful fraud risk reporting to senior management.

Skills

Risk Management

Fraud Risk Management

Strategic Thinking

Stakeholder Engagement

Industry Insight

Education

Bachelor's Degree in Finance

Advanced Diploma in Risk Management

Job description

At Liberty, we employ more than 6,000 people across 7 businesses in 18 African countries.

Every day, our employees grow their knowledge by working with diverse groups of people who specialise in a wide range of skills across insurance, asset management, investment, and health products.

We continually seek to engage, develop, recognise, and reward the people who make our business great.

Job Purpose

To develop tactical strategy and delivery plans, formulate associated practices, and ensure operational implementation and adaptation in terms of forensic methodology, governance, and delivery objectives.

Key Responsibilities

• Provide strategic leadership and oversight on fraud risk management within the retail and group risk business units.
• Act as a representative of the Head of Fraud Risk at governance and operational meetings, delivering key strategic messages.
• Offer assurances around fraud risk management processes, supporting the organization's objectives.
• Develop and maintain fraud risk policies, procedures, and controls in alignment with regulatory standards.
• Work closely with internal stakeholders to identify and mitigate fraud risk within specific business areas.
• Ensure the delivery of accurate and insightful fraud risk reporting to senior management and governance committees.
• Support the business in implementing fraud prevention and detection strategies.

Key Skills and Experience

• Risk Management Expertise: Extensive experience in managing risks, especially within the financial services sector.
• Fraud Risk Understanding: Strong knowledge of fraud risk management; primary focus on broad risk management capabilities.
• Strategic Thinking: Ability to translate strategic objectives into actionable risk management practices and communicate them effectively at senior leadership levels.
• Stakeholder Engagement: Proven ability to collaborate with and influence senior management and governance committees.
• Industry Insight: Familiarity with the financial services industry, particularly in retail and group risk insurance.
• Experience: 5 - 8 years in a similar environment.

Minimum Qualifications

• Bachelor's Degree and Advanced Diplomas (NQF Level 07) in Finance, Risk Management, or related field.
• Professional certifications in Risk Management or Fraud Risk are an advantage.

Additional Responsibilities

• Implement strategy through operational activities, practices, and systems across the value chain.
• Identify interconnected tactical problems, determine impact, and develop best practice solutions.
• Manage resources and priorities to optimise efficiency.
• Contribute to technology requirements for fraud prevention and detection systems.
• Monitor external data sources and develop customer-centric relationships aligned with TCF principles.
• Define communication strategies for fraud awareness and prevention.
• Manage budgets, costs, and financial controls.
• Support procurement processes as needed.
• Monitor and report on operational metrics and costs.
• Balance human resources through capability plans and monitor learning and development.
• Implement governance frameworks to manage risk exposure proactively.
• Monitor operational and product risk parameters, recovery strategies, and ensure compliance with regulatory bodies.
• Identify and escalate control weaknesses for remediation.

Liberty Group Limited is an equal opportunity, affirmative action employer. In line with the Employment Equity Act and the group's Transformation Strategy, preference will be given to suitable candidates from designated groups. We actively encourage applications from people with disabilities.

Liberty Group Limited is an Authorised Financial Services Provider in terms of the FAIS Act (Licence no ).