- Johannesburg
- Salary: R650 000.00 - R800 000.00 Per Month
- Job Type: Permanent
- Sectors: Business Management
- Reference: NFP014124/RDL
Vacancy Details
Employer: Network Recruitment
Here's a breakdown of what you'll be doing:
- Analyze vast datasets to identify emerging fraud trends and vulnerabilities.
- Develop and maintain fraud detection models that are both accurate and minimize disruptions to legitimate transactions.
- Continuously improve existing systems and processes to stay ahead of evolving fraud tactics.
This role is perfect for someone who thrives on challenges and is passionate about safeguarding financial systems.
Responsibilities:
- Align & Communicate Effectively: Ensure project deliverables directly support departmental strategy. Clearly document your work, ensuring everyone understands the goals and progress is regularly reviewed.
- Fraud & Analytics Expertise: Provide deep knowledge and guidance for future data-driven projects focused on fraud and analytics.
- Optimizing Detection Models: Continuously review, analyze, and improve core models used to detect fraud in the organization's payment systems.
- Client Risk Management: Balance client's needs for accurate fraud detection with minimizing disruptions to legitimate transactions. This involves adjusting models and thresholds based on factors like desired alert volume and acceptable false positive rates.
- Troubleshooting & Performance Monitoring: Investigate unusual system outputs and troubleshoot any issues that may arise. Regularly monitor system performance using various metrics, both industry-wide and for individual clients.
- Data Management & Quality: Manage data quality issues related to fraud detection. Integrate new data sources when needed to improve model effectiveness. Assist data engineering efforts to ensure the acquisition of high-quality fraud data. Evaluate data cleaning processes to minimize errors before analysis.
- Bridge the Gap: Clearly communicate technical concepts to non-technical audiences.
- Actionable Insights: Contribute to departmental publications that translate data analysis into clear and actionable insights, following established best practices in data science.
Education:
- Bachelor in Science Degree (Applied Mathematics, Financial Mathematics, Statistics or Actuarial)
- Masters Degree preferred
Job Experience & Skills Required:
- Minimum 4 years of experience in a relevant field, such as financial data analysis.
- Strong analytical skills with experience in big data processing and manipulation.
- Proficiency in scripting and programming languages commonly used for data analysis.
- Experience applying statistical modelling techniques to solve complex problems.
- Familiarity with the financial industry and its data structures is a plus.
- Prior experience developing or working with fraud detection models is highly desirable.
- Experience in data wrangling to prepare data for analysis is essential.
- Strong competency in Microsoft Office Suite and SQL is required.
- Experience with machine learning techniques, Oracle database systems, NetReveal fraud detection platform, RStudio, and Python is a significant advantage.
Apply now!Â
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For more Actuarial, Quantitative and Analytics jobs, please visit www.networkrecruitment.co.za
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If you have not had any response in two weeks, please consider the vacancy application unsuccessful. Your profile will be kept on our database for any other suitable roles / positions.
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About Network Recruitment
Network Recruitment
Network Recruitment is a leading specialist recruitment company in the fields of IT, Finance and Engineering.
Since our establishment in 1987, we have been at the forefront of the specialist recruitment industry. Network Recruitment’s key to success is the focus on delivering superior quality service by developing and maintaining an exclusive focus on sourcing high-calibre skills for medium-sized to JSE-listed companies operating in these three niche sectors across South Africa.
Our experience in permanent and contract-based recruitment enables us to provide you with recruitment solutions that meet your long- and short-term needs.
Network Recruitment is a division of ADvTECH Resourcing, the recruitment arm of the national JSE-listed ADvTECH Limited Group a leader in quality education, training, skills development and placement services.
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