Specialist: Card Fraud Detection and Prevention at Capitec Bank Ltd – Stellenbosch
Capitec Bank Ltd · Stellenbosch, ZA
Closing Date: Not specified
Location: Stellenbosch, South Africa
Company: Capitec Bank Ltd
Work Arrangement: Onsite
Employment Type: Full-time
Capitec Bank Ltd is seeking a dedicated Specialist: Card Fraud Detection and Prevention to join its team in Stellenbosch. This role offers an exciting opportunity for analytical professionals passionate about safeguarding clients and minimizing financial crime through advanced fraud analytics and intelligence. If you have a strong background in fraud analytics, data interrogation, and fraud prevention strategies, this position provides a platform to make a tangible impact in the banking and payments industry.
Overview
The Specialist: Card Fraud Detection and Prevention plays a critical role in proactively minimizing card fraud losses and protecting clients through the delivery of advanced fraud analytics, intelligence, and actionable insights. This position focuses on identifying emerging fraud threats, analyzing card transaction data, designing and enhancing fraud detection strategies, and collaborating with business and technology teams to strengthen fraud prevention capabilities across both card issuing and acquiring environments.
Responsibilities
The successful candidate will be responsible for delivering comprehensive fraud analytics and intelligence to support Capitec Bank's fraud prevention operations. Key responsibilities include:
- Proactively identifying emerging fraud threats and trends through detailed analysis of card transaction data
- Designing, implementing, and enhancing fraud detection strategies and rules to minimize fraud losses
- Collaborating with business and technology teams to strengthen fraud prevention capabilities
- Delivering actionable insights and intelligence reports to support fraud response and mitigation efforts
- Analyzing structured datasets and conducting data interrogation to identify fraud patterns
- Translating business requirements into analytical outputs and recurring reporting
- Supporting fraud detection model development and fraud risk optimization initiatives
- Monitoring fraud detection platforms and rule-based environments to ensure effective fraud prevention
- Providing expertise on card fraud typologies, investigation principles, and fraud attack methodologies
Minimum Experience Requirements
Applicants must have at least 2-4 years' experience in a fraud analytics, financial crime analytics, risk analytics, or data analytics environment. This experience should include working with structured datasets, data interrogation, and recurring reporting. Strong SQL programming and data extraction skills are essential, along with proven expertise in Advanced Microsoft Excel, including pivot tables, formulas, and data analysis. Candidates should also have demonstrated experience translating business requirements into analytical outputs and reporting.
Ideal Experience
While not mandatory, the following experience will be highly advantageous:
- 4+ years' experience within card fraud analytics, fraud prevention, fraud rules management, or financial crime environments
- Banking, payments, card issuing, or merchant acquiring experience
- Experience with fraud detection tools, fraud monitoring platforms, and rule-based environments
- Proficiency in Power BI, QlikView, or other business intelligence and visualization tools
- Experience supporting fraud detection model development and fraud risk optimization initiatives
Educational Qualifications
A relevant tertiary qualification in Accounting (Management Accounting) or Economic and Management Sciences is required for this position.
Knowledge Requirements
Minimum knowledge requirements include:
- Sound understanding of the fraud landscape and financial crime risks
- Knowledge of card fraud typologies and investigation principles
- Understanding of card payment transaction flows and the card payment ecosystem
- Experience using data and analytics to prevent, detect, and respond to fraud
- Knowledge of card operations, card scheme rules, and regulations
- Understanding of relational databases and data structures
- Knowledge of fraud monitoring and reporting practices
Ideal knowledge areas that will strengthen an application include:
- Deep understanding of card fraud trends, emerging threats, and fraud attack methodologies
- Knowledge of card issuing, acquiring, digital wallets, and payment ecosystems
- Experience with fraud detection systems, rule-based monitoring environments, and fraud analytics platforms
- Familiarity with internal MIS database structures and data environments
- Understanding of the banking and financial services operating environment
- Knowledge of Capitec products and services
- Understanding of regulatory and industry fraud reporting requirements, including SABRIC and card scheme reporting
Key Skills
The successful candidate will demonstrate the following competencies:
- Analytical skills with the ability to interpret complex data and identify patterns
- Planning, organizing, and coordination skills to manage multiple priorities
- Problem-solving skills to address emerging fraud threats
- Decision-making skills to evaluate risks and implement effective solutions
- Influencing skills to collaborate with cross-functional teams and drive fraud prevention initiatives
Conditions of Employment
Applicants must have a clear criminal and credit record. Capitec Bank Ltd is committed to diversity, and applications to this position will strictly be considered in support of the bank's employment equity goals.
About Capitec Bank Ltd
Capitec Bank Ltd is one of South Africa's leading retail banks, known for its client-centric approach, innovative banking solutions, and commitment to simplicity and affordability. The bank serves millions of clients across the country, offering a range of financial products and services including transactional accounts, credit facilities, savings solutions, insurance, and funeral cover. Capitec is recognized for its use of technology to enhance customer experience and its dedication to financial inclusion. The bank values diversity, integrity, and a passion for service, fostering a dynamic work environment where employees are encouraged to grow and contribute to the organization's mission of making banking accessible and affordable for all South Africans.
How to Apply
Interested candidates should follow the application process outlined by Capitec Bank Ltd. First, visit the talent community page to see what life at Capitec is all about and complete a short assessment. Once the assessment is completed, finalize your application by submitting your details through the official careers portal.