At a Glance
- Tasks: Lead the design and optimisation of fraud strategies for a new Virtual Credit Card product.
- Company: Join a dynamic team at a leading payments company focused on innovation.
- Benefits: Enjoy competitive pay, wellness programmes, and opportunities for personal growth.
- Other info: Be part of a supportive culture that values employee wellbeing and development.
- Why this job: Make a real impact in fraud prevention while working with cutting-edge technology.
- Qualifications: Experience in card issuing fraud strategy and strong analytical skills required.
The predicted salary is between 56700 - 69300 £ per year.
The Payments Fraud Strategy Manager is responsible for designing, delivering and optimising the fraud strategy for the launch and ongoing management of a new Virtual Credit Card (VCC) product. This includes defining end-to-end fraud & financial crime controls across customer-present (CP) and customer-not-present (CNP) transactions, authorisation metrics, managing scheme compliance, configuring transaction monitoring rules, and ensuring Fraud & Financial Crime risks are effectively mitigated as the business moves from a closed-loop to open-loop issuing environment. The role will work closely with Compliance, Product, IT, Operations, Scheme Partners (Visa/Mastercard) and third-party fraud technology vendors to ensure a safe, compliant and commercially viable launch.
Key Responsibilities:
- Leading the design and delivery of the VCC fraud risk framework across CNP, cross-border and tokenised transactions
- Defining and optimising fraud control strategy, including real-time monitoring, behavioural rules, SCA enforcement and token security
- Establishing fraud risk appetite, setting thresholds for losses, declines, false positives and customer friction
- Owning fraud and financial crime system requirements, ensuring effective integration of data, authorisation feeds and scheme signals
- Designing and tuning fraud detection rules and supporting the development of AI/ML capabilities
- Ensuring compliance with scheme requirements (VFMP, EFM), managing scheme relationships and reporting obligations
- Defining end-to-end fraud operations, including alert handling, escalation, authentication journeys and customer outcomes
- Supporting the build, readiness and capability of Fraud Operations teams ahead of launch
- Acting as the fraud SME within product development, embedding risk mitigation across product design and customer journeys
- Maintaining fraud governance, policy and MI, and presenting risk insight to key stakeholders and committees
- Leading fraud readiness and go-live activity, including testing, certification and rule calibration
- Driving post-launch optimisation, monitoring emerging threats and continuously improving control effectiveness
Qualifications:
- Strong experience in card issuing fraud strategy across Visa and Mastercard products
- Deep understanding of CNP/CP fraud, SCA/3DS2, tokenisation, cross-border risks and merchant behaviours
- Hands-on experience with fraud and AML transaction monitoring platforms, including rule design and optimisation
- Proven capability in designing authorisation strategies, balancing fraud prevention with customer experience
- Strong knowledge of scheme compliance and reporting requirements (VFMP, EFM, TC40/SAFE, VCR/MasterCom)
- Experience delivering fraud workstreams within complex product or technology programmes
- Solid understanding of AML/CTF obligations within a card or payments environment
- Ability to translate fraud risks into clear, actionable business and system requirement
- Strong analytical and problem-solving skills, with a data-led approach to decision making
- Effective stakeholder management across Product, Technology, Operations and Scheme partners
- Clear and confident communicator, able to operate in fast-paced, delivery-focused environments
- Proactive, ownership-driven mindset with a focus on outcomes and continuous improvement
As FGFS is within a regulated environment any offer is subject to satisfactory background checks including criminal record check, credit check, and employment references.
Fraud & Financial Crime Strategy Manager in Accrington employer: Smart Recruiters
Evelyn Partners is an exceptional employer that prioritises employee well-being and professional growth, offering a competitive salary, private medical insurance, and a generous holiday package. Our inclusive work culture fosters diversity and collaboration, ensuring that all team members feel valued and supported in their roles. With opportunities for hybrid working and a commitment to continuous development, we empower our associates to build meaningful client relationships while achieving their career aspirations in the heart of the financial sector.
StudySmarter Expert Advice🤫
We think this is how you could land Fraud & Financial Crime Strategy Manager in Accrington
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We think you need these skills to ace Fraud & Financial Crime Strategy Manager in Accrington
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✨Brush Up on Financial Analysis Skills
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