Fraud Prevention Lead

Who we are

Moniepoint is an all-in-one financial services platform for emerging markets and the second-fastest growing company in Africa.
Since 2019, Moniepoint’s technology has powered over 3 million people, offering personal and business banking, payment, credit and business management tools to help them succeed. Moniepoint processed $182 billion in 2023, and currently processes the majority of the POS transactions in Nigeria.

About the Fraud Prevention Lead Role

The Lead, Fraud Prevention will lead a team of fraud analysts to proactively analyze opportunities that may lead to fraud on all electronic products across the enterprise. The successful candidate will analyze fraud trends, make recommendations for fraud prevention, and act to mitigate losses. The fraud prevention team will work collaboratively with the fraud detection team and clients to design and implement fraud detection solutions to meet stakeholder needs.

As a Fraud Prevention Lead, you would:

• Design and implement customer onboarding systems, verification systems, and fraud detection systems controls.
• Monitor the onboarding, verification, and fraud detection system controls to identify gaps or failures.
• Ensure that customer onboarding and verification systems are updated to accommodate changes in customer requirements and regulatory requirements.
• Ensure that security of onboarding, verification and fraud detection systems are maintained at optimal levels at all times.
• Ensure customer verification and re-verification is done at prescribed intervals.
• Ensure that the controls in onboarding channels are adequately synced for similar outcomes.
• Work with the information security team and IT control to ensure access to customer databases and information is restricted to mitigate phishing attacks.
• Ensure that internal fraud watchlists are updated and referenced during every customer onboarding.
• Liaise with NIBSS to ensure the industry BVN watchlist is referenced during every customer onboarding, and regularly get the updated BVN watchlist.

Qualifications:

• Bachelor's degree in a relevant field (such as computer science, IT, information security, business, economics, or law). An advanced degree and relevant certifications (CISSP, CRISC, CAMS, CFE, Prince2, PMP) is preferred.

Experience: 

• 8-10 years experience in IT risk, product security, project management, information and systems security, regulatory compliance in the Banking, Finance, or FinTech industries. A combination of any two or more experience(s) is a strong advantage. Experience in managing similar teams is an added advantage.

Competencies:

• Strong understanding of product security and controls, information security, E-business regulations, project management.
• Knowledge of risk management principles and practices.
• Excellent analytical and problem-solving skills.
• Strong communication and interpersonal skills.
• Attention to details and good appreciation of system audits
• Knowledge of banking or FinTech industry regulations or standards may be necessary.

What we can offer you

• Culture: We put our people first and prioritize the well-being of every team member. We’ve built a company where all opinions carry weight and where all voices are heard. We value and respect each other and always look out for one another. Above all, we are human.
• Learning: We have a learning and development-focused environment with an emphasis on knowledge sharing, training, and regular internal technical talks.
• Compensation: You’ll receive an attractive salary, pension, health insurance, annual bonus, plus other benefits.

What to expect in the hiring process

• A preliminary phone call with the recruiter
• A technical panel interview with Department Leads
• A behavioral and technical interview with a member of the Executive team
• All interviews stages are Virtual

Moniepoint is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees and candidates.