Fraud Prevention Officer Job at Moniepoint

Moniepoint is a global business payments and banking platform and recently became QED Investors’ first investment in Africa. We are the partner of choice for over 600,000 businesses of all sizes, powering the dreams of SMBs and providing them with equal access to the tools they need to grow and scale.

Moniepoint Incorporated (formerly TeamApt Inc.) was founded with the vision to create a society where everyone experiences financial happiness. We are the parent company of TeamApt Limited, a Central Bank of Nigeria(CBN) licensed Switch and Processor, and Moniepoint Microfinance Bank, a CBN-licensed Microfinance Bank.

We are recruiting to fill the position below:

Job Position: Fraud Prevention Officer

Job Location: Lagos
Employment Type: Full time

About the Role

• The Fraud Prevention Officer will work with the guidance of the Lead, Fraud Prevention to research and analyze potential customer fraud cases to identify and prevent future fraud occurrence.
• The successful candidate will communicate and collaborate with other internal teams to identify opportunities for electronic fraud and take action to close the gaps. 

As a  Fraud Prevention Officer, you would
The Fraud Prevention Officer will:

• Collaborate with product development teams to design customer onboarding systems, verification systems, and fraud detection systems. Also ascertain the efficiency and effectiveness of the system controls, and identify gaps or failures.
• Review onboarding systems to ensure adequate security during development and deployment. Ensure that fraud detection features are implemented in onboarding systems.
• Work with the information security team and IT control to ensure access to customer databases and information is restricted to need-to-use basis.
• Update internal fraud watchlists and ensure that NIBSS BVN and internal watchlists are referenced during every customer onboarding.
• Review changes in customer onboarding and verification systems to ascertain that change management policies and procedures are followed. Report non-compliance with change management policies and procedures to the Lead, Fraud Prevention and follow up to ensure necessary corrections are made.
• Provide recommendations and review the security of onboarding, verification and fraud detection systems and verify that security is maintained at optimal levels at all times.
• Verify that customer verification and re-verification is done at prescribed intervals.
• Ensure that the controls in onboarding channels are adequately synced for similar outcomes.
• Ensure that all security and control gaps are tracked and effectively closed in a timely manner.

Qualifications

• Bachelor's Degree in a relevant field (such as Computer Science, IT, information Security, Business, Economics, or Law).
• Relevant security certifications such as Security+, CPP, CRISC is an added advantage.

Experience:

• 3 - 5 years of 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.

Competencies:

• Good understanding of product security and controls, information security, E-business regulations.
• Knowledge of risk management principles and practices.
• Good analytical and problem-solving skills.
• Good communication and interpersonal skills.
• Attention to details.

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.