Sportsbook Fraud & Risk Manager Negotiable Based On Experience.

Profession Hub; Johannesburg; On-site; ZAR 500,000 - 700,000; Full time

Job summary

A leading company in the online gaming sector is seeking a Sportsbook Fraud & Risk Manager in Johannesburg. This critical role involves leading fraud teams, analyzing trends, and implementing prevention measures to safeguard the organization's financial health. The successful candidate will need to leverage strong analytical skills and regulatory knowledge while effectively managing a team to enhance the integrity of sports betting operations.

Qualifications

• Minimum of 5 years' experience in Sportsbook Fraud and Risk Management.
• Experience managing a team.
• Strong understanding of payment systems and AML regulations.

Responsibilities

• Lead and manage fraud and risk teams across platforms.
• Conduct investigations of suspected fraud activities.
• Monitor and assess risk from a fraud prevention perspective.

Skills

Analysis

Problem-solving

Regulatory knowledge

Communication

Interpersonal skills

Education

Bachelor's Degree in Auditing or Risk Management

Tools

MS Office

Payment processing software

Job description

Job Description

Our client is searching for a Sportsbook Fraud & Risk Manager to join their team in Johannesburg.

A Sportsbook Fraud and Risk Manager is responsible for leading Fraud teams and mitigating customer risk through effective analysis of accounts and group trends, prediction of future fraud trends, and proactive implementation of prevention measures; thus protecting the commercial risk of the business.

Responsibilities and Duties:

1. Management, training, performance & structure of multiple fraud & risk teams across all platforms.
2. Coverage includes Sports & Casino brands in regulated markets.
3. Reporting and presenting monthly Fraud Financials to Senior Management.
4. Managing the Sports Fraud & Risk Team, responsible for risk mitigation across the Sportsbook in all markets.
5. Bonus abuse management across all products utilizing data models to action emerging trends.
6. Internal escalations to MLRO regarding suspicious event reports/persons of interest or PEPs.
7. Ensuring all Gateways and Web wallets are correctly screened by the Risk rules engine.
8. Fraud Detection through analysis of financial transactions and data to identify and investigate potentially fraudulent activity.
9. Risk Assessment: Evaluate and assess changes to products, channels, and processes from a fraud prevention perspective.
10. Monitor clients at an operational level to proactively detect possible fraudulent activity.
11. Conduct investigations when fraudulent activity is detected and resolve confirmed cases.
12. Ensure all operations comply with AML and responsible gaming practices as per statutory and regulatory standards.
13. Keep abreast of trends and supervise the fraud process SLAs to minimize breaches.
14. Update internal policies on Responsible Gaming and AML.
15. Identify suspicious activity using monitoring tools, reports, dashboards, and other systems.
16. Implement risk management processes aligned with industry best practices.
17. Utilize metrics and reporting tools to analyze betting behaviors and determine future trends.
18. Prepare for internal audits by third-party vendors or Gaming Board with risk and MLRO assessments.
19. Monitor sites for suspicious activity and fraudulent transactions.
20. Design and improve risk management strategies to mitigate threats.
21. Conduct regular risk assessments of existing protocols.
22. Stay updated on the latest fraud techniques and emerging threats.
23. Profile customers based on suspicious wagering behaviors.
24. Investigate customer betting behaviors and link connections.

Education and Qualifications:

Bachelor's Degree in Auditing or Risk Management.

Requirements:

• Minimum of 5 years' experience in Sportsbook Fraud and Risk Management.
• Experience managing a team.

This role is crucial for the integrity and financial health of a sportsbook, requiring a balance of technical skills and managerial expertise.

Skills in analysis, problem-solving, and regulatory knowledge are essential.

Experience in Deposit and Withdrawal processing, preferably in online gaming or sports betting industry.

Knowledge of potential fraud concerns related to e-commerce.

Track record of identifying, foreseeing, and controlling risks related to negligence, liabilities, and misconduct.

Understanding of Sports Risk Management and Integrity.

Strong understanding of payment systems, AML, EDD regulations, and KYC procedures within the iGaming industry.

Excellent analytical and problem-solving skills.

Proficient in MS Office and payment processing software.

Strong communication and interpersonal skills.