Product Owner - Fraud Strategy

About Allica Bank

Allica is the UK's fastest growing company - and the fastest-growing financial technology (Fintech) firm ever. Our purpose is to help established SMEs, one of the last major underserved opportunities in Fintech.

Established SMEs are the backbone of local communities - representing over a third of our economy - yet have been largely neglected both by traditional high street banks and modern fintech providers

Role Description

We are seeking an experienced and driven Product Owner for Fraud Strategy to join our product team. This is a hybrid role that requires a strategic mindset coupled with a hands-on approach to technical execution. The successful candidate will play a critical role in designing and delivering a robust fraud prevention and mitigation framework, working across all of Allica's transactional banking products and systems. This role will lead a dedicated squad of engineers, supported by project management, and collaborate closely with data science teams, product tribes and other cross-functional stakeholders to protect our customers and business from current and emerging fraud risks.

Principal Accountabilities

• Define and implement a comprehensive fraud strategy across transactional banking products, focusing on account takeover and Authorized Push Payment (APP) fraud

• Ensure the strategy addresses the full spectrum of fraud risks, including internal fraud

• Anticipate emerging fraud threats, incorporating proactive measures and innovative protections

• Collaborate with dedicated engineers and data scientists to develop, test, and deploy fraud detection and prevention tools and systems

• Utilize data analytics and machine learning to identify fraud patterns and continuously improve fraud defenses

• Partner with product owners to ensure fraud solutions are seamlessly integrated into each applicable customer journey

• Work with compliance, legal, and risk teams to align fraud strategies with regulatory requirements and industry best practices

• Evaluate and onboard vendors offering fraud prevention technologies or solutions, if required

• Communicate effectively with senior leadership, providing updates on fraud trends, strategy execution, and impact metrics

• Stay informed about industry developments, new fraud typologies, and emerging regulatory changes

• Develop strategies to address upcoming challenges and leverage opportunities presented by advancements in fraud prevention technologies

Personal Attributes & Experience

• Proven experience in fraud strategy, prevention, and management within transactional banking or fintech

• Strong knowledge of APIs, integrations, and fraud ecosystem

• Technical proficiency in working with engineers and data scientists to design and implement fraud detection systems

• Strong understanding of fraud typologies, particularly account takeover and APP fraud, with exposure to internal fraud and broader fraud categories

• Familiarity with relevant regulations, industry standards, and fraud prevention tools and vendors

• Analytical mindset with the ability to leverage data to inform strategy and execution

• Excellent communication and collaboration skills, with the ability to influence and engage stakeholders at all levels

• Proactive, innovative, and solution-oriented approach to tackling complex challenges

• Decisive and assertive, resolving issues within the team make meaningful decisions quickly

• Experience in a fast-moving or high-growth business

• Experience inworking with/leadingproduct/engineeringteams, with experience in Agile methodologies

Working at Allica Bank

At Allica Bank we want to ensure our employees have the right tools and environment in which to succeed in their role and in support of our customers.

Our employees are at the heart of everything we do, so our benefits are designed with you in mind:

• Full onboarding support and continued development opportunities

• Options for flexible working

• Regular social activities

• Pension contributions

• Discretionary bonus scheme

• Private health cover

• Life assurance

• Family friendly policies including enhanced Maternity & Paternity leave

Don't tick every box?

Don't worry if you don't have all the skills or requirements listed on the job description. If you think you'll be a good fit, we'd still love to hear from you!

Flexible working

We know the '9-to-5' isn't right for everyone. That's why Allica Bank is fully committed to flexible and hybrid working. Please let us know what is best for you and, if we can, we will do our best to accommodate.

Diversity

We're a diverse bunch here at Allica, with all kinds of experiences, backgrounds and lifestyles. Our openness and differences make us stronger, and we want everybody to feel comfortable bringing as much of themselves to work with them as they like.