Senior Fraud Manager (Payment Services)

Reference: VAC-148
Sector(s): Compliance & Governance, Fraud, Payments & eCommerce , Risk
Salary: £ 80,000 to £ 85,000 Per Annum
Salary Details: £80,000 - £85,000
Town/City: London
Contract Type: Permanent

Senior Fraud Manager (Payment Services)


Salary £85K (base) 20% bonus


Accountable for developing and leading an internal fraud team.

Performing Fraud risk assessments across the business the initial phase of this work will require a Fraud Risk assessment, with the aggregation of all internal fraud risk threats the company faces as part of our BAU procedures.

This baseline will then be followed with a definition of current controls and an assessment of their effectiveness, meaning design effectiveness and operating effectiveness.The controls will require classification under the Group Risk and Control (complies with Basel II). You will also be responsible for managing stakeholder relationships to ensure that operational capacity is correctly aligned to combat a variety of different fraud types. Due to the volatile nature of Fraud, a degree of flexibility is required as the Senior Fraud Manager needs to remain up to date with emerging trends and issues affecting Financial Crime.


Excellent knowledge of the Payment Processing industry.5+ years’ experience in Managing and leading a Fraud teams in global locationsExcellent knowledge of Fraud prevention and detection methods and tools.Experience in managing Fraud teams and investigations in global locations.Excellent communication and stakeholder management skills especially in the analysis and documentation of Fraud investigations and remediation actions and briefing of ExecutivesExperience in assessing and managing financial riskPromoting Fraud awareness and developing Fraud training for operational teamsYou will be a passionate individual with a real desire to make a difference.  You will be a motivator  of people with a strong background in performance management and leadershipYour ability to work under pressure while maintaining an eye for detail is essential.You will have an expert knowledge of fraud, with an in depth understanding of fraud risks, fraud prevention and awareness of industry wide fraud risksExcellent knowledge of the Financial Services sector, with a thorough understanding of the Group’s  overall   business  and  strategyExperience of influencing and engaging senior management at a Divisional Director level and above both individually and collectively in decision forumsOutstanding facilitation and influencing skills at all levelsExcellent written communication skills enabling you to provide comprehensive reports for use at board levelA thorough understanding of the current regulatory regime within which the Group operates.The successful candidate will also need to be able to demonstrate a proven track record in people management and process engineering

Candidate Requirements

Demonstrates  an   ability  to and be 'street wise' in terms of knowledge of internal fraud and its drivers that convert to risks to the companyAbility to 'spot' emerging issues and escalate to director/executive level when the level of risk deems it necessary, especially those that are customer impacting.Responds positively to change with a clear view of business interests.


Understanding and managing Fraud risk, assessing the overall fraud and perform Fraud risk assessments to quantify that Fraud risk and to continuously review and maintain existing controls to ensure early detection of fraud.Create insightful analysis supporting the implementation of new controls and process re-engineering to reduce fraud risk.Creating and maintaining the right structures and culture to combat internal fraudActively engage internal stakeholders and demonstrate known areas of risk to drive accountability throughout the business.Delivering assurance over the internal fraud-risk strategyProvide insightful KPI’s management aligned to departmental and Executive reporting.

About Brimstone Consulting: We specialise in finding highly qualified staff in the following areas: E-Discovery and Digital Forensics; Payments;  Fraud - (AML/CTF, Investigation, CFE’s etc.);  Risk - (Credit, Regulatory, Liquidity, Market, Analysts-SAS, SPSS etc.);  Compliance/Corporate Governance ;  IT  - (full SDLC- BA’s PM’s , Architects, Developers etc.);  Big Data and Data Analytics  - (MI/BI/CI);  InfoSec and Cyber Crime; Audit;  Accountancy and Finance

Brimstone Consulting acts as an employment agency (permanent) and as an employment business (temporary) - a free and confidential service to candidates. Brimstone Consulting is an equal opportunities employer. Due to time constraints we can only reply to applicants that match our clients’ specifications.

Our Data Protection number: ZA053843