VP, Fraud Tools

Job title: VP, Fraud Tools 

Location: Nigeria (remote), or London (UK team members come into the office 3 days a week)

Reporting into: Chief Product Officer, Moniepoint Microfinance Bank

Who we are:

Moniepoint Group is digitizing Africa’s real economy by building a comprehensive financial ecosystem for businesses. Over 3 million small businesses and consumers rely on our banking, payment, credit, and management tools daily. As we expand internationally, with operations in the UK and upcoming markets in Africa, ensuring compliance with regulatory standards, particularly in fraud prevention, has become a critical priority. To address this, we are looking for our Vice President, Fraud Tools, to lead our product and engineering teams in developing an advanced, internally managed system for real-time customer screening, continuous transaction monitoring, and fraud detection using cutting-edge technologies.

The position of Vice President, Fraud Tools is both extremely important and exhilarating, as you will lead the teams and product area that’s essential to sustaining the exponential growth of Africa's largest, fastest growing fintech. You will be at the helm of developing a world-class fraud prevention strategy, product line, and operational framework that not only meets the highest standards in African fintech but also drives innovation at the forefront of the industry. In leading these efforts, you will set a completely new benchmark for fraud tool innovation and excellence in African fintech.

Your responsibilities: 

• Lead the successful execution of the existing roadmap, and collaborate with the acting VP, Fraud Tools and the rest of the leadership team, to make improvements / changes as you see best fit
• Ensure all components of our fraud prevention tools (incl. but not limited to including transaction monitoring, customer screening, and risk assessment systems) are fully functional and integrated across all of our business units, with minimal reliance on 3rd party solutions.
• Deliver necessary user training, provide ongoing user support, and constantly evolve the products based on user feedback, evolving best practices, and analysis of effectiveness
• Take over leadership of a team of engineers, and PMs and further design, lead and develop the Fraud Tools org, fostering a culture of excellence, collaboration, and continuous improvement. 
• Set clear performance expectations and mentor team members to achieve their professional goals. 
• Oversee the design and implementation of real-time customer screening systems that can identify PEPs, sanctioned individuals, and other high-risk profiles.
• Ensure that all fraud prevention and compliance tools are fully customizable and responsive to the unique needs of all business units across the entire Moniepoint Group. 
• Collaborate with internal stakeholders, including operations, compliance, and business unit leaders, to gather requirements and ensure that the tools meet the needs of the teams who rely on them.
• Establish metrics and KPIs to measure the effectiveness of fraud prevention tools, with a focus on reducing false positives and increasing the interception rate of fraudulent activities.
• Stay abreast of the latest trends in fraud prevention and compliance, ensuring that Moniepoint remains at the cutting edge of the industry.
• Over time, phase out of unnecessary buy/partner relationships we currently rely on for our current fraud tools environment. 

Qualifications:

• Proven experience in building fraud tools/systems from scratch—a strict requirement for this role.
• Demonstrated experience in building and leading multiple cross-functional teams within product and engineering.
• Strong technical expertise, with a focus on leveraging cutting-edge technologies such as Machine Learning to ensure a world-class fraud prevention environment.
• Extensive experience in rapidly growing, agile fintech environments, with a proven ability to navigate constant changes, chaos, and evolving regulatory landscapes.
• Deep understanding of compliance and regulatory requirements in the fintech industry, particularly in fraud prevention.
• Track record of executing complex product roadmaps, ensuring successful deployment and integration across various business units.
• Experience in designing, developing, and deploying comprehensive fraud prevention tools tailored to the needs of large-scale financial operations.
• Strong leadership and team-building skills, with the ability to foster a culture of innovation, collaboration, and continuous improvement.
• Excellent communication and stakeholder management abilities, capable of translating technical requirements into business solutions and reporting to senior management.
• Data-driven decision-making skills to monitor and enhance tool performance based on real-time feedback and industry best practices.

Key Outcomes expected from you in the role:

• First 6-12 Months: All fraud tool components are fully functional and available to all our business units. Our technology must serve the needs of every dedicated operations team. 
• 1-3 Years: Further build out the fraud tools to properly support our business in all countries we operate in, further build your organization to multiple cross functional teams, and ensure we achieve the north star metrics, related to the ratio of reported fraudulent inflow reported incidents, the ratio of accurately flagged incidents / the number of false positives. 

What to expect in the hiring process:

• A preliminary phone call with one of our recruiters. 
• An interview with our current acting VP of Fraud Tools 
• An interview with the Hiring manager, our Chief Product Officer
• A technical interview / case study with our acting VP of Fraud Tools
• A final round with our Group CEO and founder

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