FairMoney is a pioneering mobile banking institution specializing in extending credit to emerging markets. Established in 2017, the company currently operates primarily within Nigeria, and it has secured nearly €50 million in funding from renowned global investors, including Tiger Global, DST, and Flourish Ventures. FairMoney maintains a strong international presence, with offices in several countries, including France, Nigeria, Germany, Latvia, the UK, Türkiye, and India.
In alignment with its vision, FairMoney is actively constructing the foremost mobile banking platform and point-of-sale (POS) solution tailored for emerging markets. The journey began with the introduction of a digital microcredit application exclusively available on Android and iOS devices. Today, FairMoney has significantly expanded its range of services, encompassing a comprehensive suite of financial products, such as current accounts, savings accounts, debit cards, and state-of-the-art POS solutions designed to meet the needs of both merchants and agents.
To gain deeper insights into FairMoney's pivotal role in reshaping Africa's financial landscape, we invite you to watch this informative video
Requirements
We are seeking an experienced and strategic Head of Fraud to lead the design, implementation, and oversight of the fraud risk management framework for our bank. This is a mission-critical role responsible for protecting customers, assets, and the integrity of our operations from financial crimes and fraud-related threats. The ideal candidate will be a forward-thinking leader with deep knowledge of digital fraud schemes, preventative technologies, regulatory expectations, and operational best practices.
Your day-to-responsibilities:
- Lead the fraud prevention tools and processes within the company
- Lead a team of fraud analysts
- Lead and perform Fraud Risk Assessments
- Oversee fraud alert management, investigation, and resolution processes
- Ensure all Fairmoney products and markets are properly monitored against fraud risk
- Implement fraud rules and maintain them;
- Implement and maintain real-time transaction monitoring system,
- Drive product updates and developments that increase the security of our clients
- Lead the investigation of potential fraud cases;
- Partner with product and technology teams to design fraud-resilient systems and workflows.
- Escalate potential issues;
- Prepare and present the performance results of the team with the respective stakeholders.
Requirements:
- At least 3 years of experience in fraud risk management, preferably in fintech or digital banking environments.
- Excellent research and analytical skills;
- Leadership experience managing fraud teams and driving strategic initiatives.
- Experience with fraud detection systems, case management platforms (such as SEON, Sift, ThreatMetrix, Sardine, Zerofox or similar);
- Strong communication skills;
- Deep understanding of fraud typologies including identity fraud, account takeover, card fraud, and insider threats.
- You can think independently and take actions;
- Comfortable working in fast-paced, digital-first, high-growth environments.
It will be helpful if you:
- Have certifications such as CFE (Certified Fraud Examiner), CAMS
- Have experience with using SQL
- Have experience both with consumer lending as banking (wallets, transfers, cards or any other means)
- Have experience within emerging markets
Benefits
- Private Health Insurance
- Pension Plan
- Training & Development
- Hybrid work
- Paid Time Off
Recruitment Process
- Screening interview with a Senior Recruiter- 30 minutes.
- Interview with the Hiring Team- 60 minutes.
- Technical Interview with CFO - 45 minutes.
