At a Glance
- Tasks: Lead fraud strategy and collaborate with teams to combat fraud risks.
- Company: Join a dynamic challenger bank known for innovation and customer focus.
- Benefits: Enjoy a strategic role with opportunities for growth and collaboration.
- Why this job: Make a real impact in fraud prevention while enhancing customer experience.
- Qualifications: 5+ years in fraud strategy or risk management required.
- Other info: Work closely with data scientists and operational teams.
The predicted salary is between 43200 - 72000 £ per year.
A well-established challenger bank that’s continuing to make waves in the digital banking space, known for their customer-centric approach, innovation, and agility are now looking to hire a Fraud Strategy Manager to join their growing team. This role will sit firmly in the first line of defence, playing a key part in proactively managing fraud risks while supporting business growth.
Qualifications, skills, and all relevant experience needed for this role can be found in the full description below.
The Role
This is a high-visibility, strategic position where you\’ll be responsible for developing and delivering the fraud strategy across the bank’s product suite. Sitting in the first line of defence, you\’ll work closely with operational teams, data scientists, and product stakeholders to prevent and respond to fraud threats in real time—all while protecting the customer experience.
Key Responsibilities of the role
- Own and drive the fraud risk strategy within the first line of defence
- Monitor fraud performance and trends, developing tactical and strategic responses
- Collaborate with key internal teams to implement and optimise fraud controls across the customer lifecycle
- Enhance fraud detection systems and real-time decisioning tools
- Lead the development and tuning of fraud rules in alignment with business objectives
- Respond to fraud events and support front-line operations in handling incidents
- Maintain awareness of external fraud threats, regulatory expectations, and industry best practices
To Succeed in the role
- 5+ years of experience in fraud strategy, fraud analytics, or fraud risk management
- Strong understanding of fraud risks in a retail banking environment
- Proven track record of working in the first line of defence, close to operations and product delivery
- Deep knowledge of fraud typologies (e.g., APP fraud, card fraud, mule activity) and detection methods
- Data-driven mindset with strong analytical and problem-solving skills
- Excellent stakeholder and communication skills
Fraud Strategy Manager employer: JSS Search
Contact Detail:
JSS Search Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Fraud Strategy Manager
✨Tip Number 1
Familiarise yourself with the latest trends in fraud detection and prevention, especially within the retail banking sector. This knowledge will not only help you understand the challenges faced by the bank but also demonstrate your commitment to staying ahead of the curve.
✨Tip Number 2
Network with professionals in the fraud risk management field. Attend industry events or webinars where you can connect with others who have experience in similar roles. This could lead to valuable insights and potentially even referrals for the position.
✨Tip Number 3
Prepare to discuss specific examples from your past experiences that showcase your ability to develop and implement fraud strategies. Highlight any successful projects where you collaborated with cross-functional teams to enhance fraud controls.
✨Tip Number 4
Stay updated on regulatory changes and best practices in fraud management. Being knowledgeable about compliance requirements will show that you are proactive and understand the importance of maintaining a secure banking environment.
We think you need these skills to ace Fraud Strategy Manager
Some tips for your application 🫡
Understand the Role: Read the job description thoroughly to grasp the key responsibilities and qualifications required for the Fraud Strategy Manager position. Tailor your application to highlight how your experience aligns with these requirements.
Highlight Relevant Experience: In your CV and cover letter, emphasise your 5+ years of experience in fraud strategy or risk management. Provide specific examples of how you've successfully managed fraud risks and collaborated with operational teams.
Showcase Analytical Skills: Demonstrate your data-driven mindset by including examples of how you've used analytical skills to develop fraud strategies or improve detection systems. Mention any relevant tools or methodologies you are familiar with.
Craft a Compelling Cover Letter: Write a cover letter that not only outlines your qualifications but also conveys your passion for the role and the company. Discuss your understanding of the digital banking landscape and how you can contribute to their customer-centric approach.
How to prepare for a job interview at JSS Search
✨Showcase Your Experience
Make sure to highlight your 5+ years of experience in fraud strategy or risk management. Be prepared to discuss specific examples where you've successfully managed fraud risks and how your actions positively impacted the business.
✨Understand Fraud Typologies
Familiarise yourself with various fraud types relevant to retail banking, such as APP fraud and card fraud. Being able to discuss these in detail will demonstrate your expertise and understanding of the challenges the bank faces.
✨Emphasise Collaboration Skills
Since this role involves working closely with operational teams and data scientists, be ready to share examples of how you've effectively collaborated with different stakeholders in the past to implement fraud controls.
✨Stay Updated on Industry Trends
Research current trends and regulatory expectations in fraud management. Showing that you are aware of external threats and best practices will indicate your proactive approach to managing fraud risks.