Fraud Detection Specialist Job Vacancy in Adama, Ethiopia – Financial Services

Job Description

Position: Fraud Detection Specialist

Company: Mastercard Ethiopia

Location: Adama, Ethiopia

Experience: 2-4 years

Education: Bachelor’s degree in Finance, Economics, Computer Science, or related field

Employment Type: Full-time

Industry: Financial Services

Department: Risk Management

Salary: 150,000 – 250,000 SSP per month

Vacancies:1

Company Overview

Mastercard Ethiopia is a leading global payments technology company that connects consumers, financial institutions, merchants, governments and businesses worldwide. With a strong presence in Ethiopia, Mastercard drives financial inclusion, supports digital transformation, and enables secure, fast, and reliable payment solutions across the country. The company collaborates with local banks, fintech startups, and regulatory bodies to expand the reach of electronic payments, fostering economic growth and innovation. As part of Mastercard’s commitment to building a safer financial ecosystem, the Adama office plays a pivotal role in monitoring transaction patterns, detecting fraudulent activities, and delivering insights that protect both customers and partners.

Operating in a dynamic environment, Mastercard Ethiopia emphasizes a culture of integrity, collaboration, and continuous learning. Employees are encouraged to think creatively, leverage cutting‑edge analytics, and contribute to the broader mission of advancing financial inclusion in Ethiopia. The organization offers competitive compensation, comprehensive benefits, and opportunities for professional development, making it an attractive destination for talent seeking to make a meaningful impact in the financial services sector.

Job Overview

The Fraud Detection Specialist will join the Risk Management team in Adama, focusing on identifying, analyzing, and mitigating fraudulent activities across Mastercard’s payment network in Ethiopia. This role involves monitoring transaction data, applying advanced analytics, and collaborating with cross‑functional teams to develop proactive fraud prevention strategies. The specialist will work closely with fraud investigators, data scientists, and product managers to ensure that Mastercard’s services remain secure and trustworthy for all users. This position offers a unique opportunity to contribute to the safety of Ethiopia’s growing digital economy while gaining exposure to cutting‑edge fraud detection technologies.

Key objectives include reducing fraud loss rates, enhancing detection accuracy, and supporting the implementation of real‑time monitoring tools. The role requires a blend of analytical expertise, knowledge of financial crime trends, and strong communication skills to convey findings to stakeholders. As part of Mastercard’s commitment to innovation, the specialist will also participate in pilot projects that explore machine learning models and AI‑driven solutions for fraud prevention.

Key Responsibilities

• Monitor daily transaction streams to identify suspicious patterns and potential fraud incidents.
• Conduct detailed investigations of flagged transactions, documenting findings and recommending corrective actions.
• Collaborate with data science teams to develop and refine predictive models for fraud detection.
• Prepare regular reports on fraud trends, loss metrics, and mitigation effectiveness for senior management.
• Work with merchants and issuing banks to implement fraud prevention best practices and resolve disputes.
• Stay updated on emerging fraud schemes, regulatory changes, and industry best practices.
• Participate in the design and testing of real‑time fraud detection tools and rule‑sets.
• Provide training and guidance to internal teams on fraud awareness and response protocols.

Required Skills

• Strong analytical abilities with proficiency in data analysis tools such as SQL, Python, or R.
• Understanding of payment systems, card fraud typologies, and anti‑money laundering (AML) regulations.
• Excellent problem‑solving skills and attention to detail.
• Effective communication skills for presenting complex findings to non‑technical audiences.
• Ability to work independently and as part of a multidisciplinary team.
• Familiarity with machine learning concepts and statistical modeling is a plus.

Education

A minimum of a bachelor’s degree in Finance, Economics, Computer Science, Information Technology, or a related discipline is required. Relevant certifications such as Certified Fraud Examiner (CFE) or Certified Anti‑Money Laundering Specialist (CAMS) are advantageous.

Experience

Applicants should have 2‑4 years of experience in fraud detection, risk analysis, financial crime investigation, or a similar role within the financial services industry. Experience with payment card networks, transaction monitoring systems, or fintech environments is highly valued.

Salary

The compensation package ranges from 150,000 to 250,000 SSP per month, commensurate with experience and qualifications. The package includes performance‑based incentives, health insurance, and retirement benefits.

Benefits

• Comprehensive health and dental coverage.
• Retirement savings plan with employer contributions.
• Annual performance bonus.
• Paid parental and sick leave.
• Employee assistance program.

Training

• On‑boarding program covering Mastercard’s fraud detection platforms and policies.
• Continuous learning opportunities through internal workshops, webinars, and external certifications.
• Access to Mastercard’s global knowledge hub for best practices and industry research.

Working Environment

Mastercard Ethiopia offers a modern office environment in Adama equipped with collaborative workspaces, high‑speed internet, and state‑of‑the‑art security tools. The culture promotes work‑life balance, diversity, and inclusion, encouraging employees to bring their authentic selves to work.

Application Process

Interested candidates should submit their updated resume and a cover letter outlining their relevant experience through our online portal. To apply, visit our career portal at https://ethiopiajobssearch.com/ and follow the instructions provided. Applications will be reviewed on a rolling basis, and qualified candidates will be contacted for an interview.

Equal Opportunity Statement

Mastercard Ethiopia is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees, regardless of race, gender, age, religion, disability, sexual orientation, or any other protected characteristic. All qualified applicants will receive consideration for employment without discrimination.