Description PayInc is a purpose-driven payments provider building on over 50 years of trusted history in South Africa’s payments ecosystem. Our mission is to connect people, businesses, and economies through secure, efficient and inclusive digital payments infrastructure and be a catalyst for financial inclusion and economic growth. From EFTs and cards to PayShap, PayInc provides the backbone that enables money to move safely across the economy. At our core, we exist to make great connections, empowering participation, enabling growth, and ensuring no one is left behind. PURPOSE As a Senior Fraud Data Scientist, you play a key role in supporting the delivery of the Fraud Intelligence service by leveraging data to discover new insights and develop solutions that allow for improved decision making. This role requires strong quantitative, technical, and analytical skills to balance two competing demands - enabling a frictionless customer experience while minimising fraud risk and money laundering on real time electronic payment platforms. You will be required to use statistical and machine learning techniques to maximise the performance of systems and design algorithms and heuristics to identify high risk transactions, automating real time transaction decisions. You are expected to apply and leverage off toolkits, multiple skillsets, data engineering, advanced computing, scientific methods, statistical computation, visualization, business communication, domain expertise and associated data to contribute directly to the proactive detection of fraud and the reduction of fraud losses while developing, optimizing, maintaining and evolving fraud detection and performance models at a national level that is imperative to improving scoring performance and account for shifting fraud patterns. You will engage with the following stakeholders: • Fraud Team (Business Owner, Analytics and Detection Team, Stakeholder Relationships) • Internal departments (IT Ops: Infrastructure, Networks, Applications, Database, Service Desk) • Service providers, industry bodies & vendors Your key responsibilities include: • Develop, deploy, and maintain fraud detection rules and scoring models across PayShap, RTC, EFT, and ACD payment rails • Design and build machine learning models for fraud scoring, incorporating entity state profiling, behavioural analytics, and network analysis techniques • Conduct fraud universe coverage analysis by combining system performance metrics with confirmed fraud data, identifying detection gaps and prioritising rule/model enhancements • Work with cross-departmental teams to define metrics, guidelines, and strategies for effective use of algorithms and data • Establish and maintain coding standards, statistical reporting methodologies, and data analysis best practices • Coordinate data resource requirements between analytics and technical teams • Work with product managers, engineers, and analytics team members to translate prototypes into production • Identify fraud patterns through the monitoring and analysis of transactions across all payment streams • Prepare and deliver client-facing presentations and reports explaining fraud detection performance, scoring mechanisms, and rule behaviour to participant banks • Conduct research and make recommendations on data infrastructure, database technologies, analytics tools, services, protocols, and standards • Drive the collection of new data and the refinement of existing data sources • Develop algorithms and predictive models to reduce the frequency of fraudulent transactions • Develop tools and fraudulent transaction libraries that will help analytics team members more efficiently flag fraudulent transactions • Contribute to the development and assessment of alternative fraud detection capabilities, including potential platform replacement strategies • Mentor and support junior team members, contributing to skills transfer and team development QUALIFICATIONS / KNOWLEDGE Minimum Qualification: • Degree (Honours, Masters or PHD) in Statistics, Computer Science, Engineering, Mathematics or a combination of these Technical Knowledge • Machine learning techniques and frameworks (scikit-learn, Tensorflow, Pytorch or similar) • Python Programming (panda, NumPy, matplotlib, seaborn) for data analysis and model development, PySpark for large scale data processing (AWS Glue jobs) • SQL proficiency, particularly with cloud based data warehouse (AWS Redshift preferred) • Cloud infrastructure experience (AWS services, S3, Glue, Sagemaker, Redshift) • Data analytics life cycle and data engineering • Prescriptive and Statistical modelling • Fraud detection models and real time scoring systems • Data wrangling and feature engineering • Version Control (Git) and collaborative development practices • Familiarity with real time event processing and fraud detection platforms is advantageous • Expert in MS Office Desirable Certifications • AWS Certified (Cloud Practioner, Solutions Architect, or Machine Learning Speciality) • Any recognised data science or machine learning certification (Courses, Udemy Datacamp) EXPERIENCE • 5 years’ data science experience, preferably in the financial services or payments industry • Experience deploying machine learning models to production environments Experience with big data analytics and large scale transaction datasets • Experience in fraud analysis, risk analysis and payment risk management • Experience in financial industry focusing on payment fraud • Good written and oral communication skills • Good interpersonal skills (require a patient and empathetic attitude) • Have strong time management and organisational skills (must be able to organise and manage multiple tasks at a time) • Comfortable working in fast paced environment • Ability to work autonomously and in teams • Good troubleshooting and problem solving skills