Fraud Solutions Management & Transaction Monitoring Lead at Moniepoint Inc. (Formerly TeamApt Inc.)

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 Title: Fraud Solutions Management & Transaction Monitoring Lead

Location: Lagos
Employment type: Full-time

About the Role

• The Lead, Fraud Solutions Management & E-Channels Transaction Monitoring will lead the team to deliver fraud monitoring solution projects, monitor E-channel transactions, observe and analyze transaction trends and patterns, and implement effective fraud rules to mitigate fraud incidents on customers’ accounts.
• The Fraud Solutions Management team will work collaboratively with the fraud prevention team and fraud investigation and prosecution team to ensure that fraud risks are effectively treated.

Responsibilities
As a  Fraud Solutions Management & Transaction Monitoring Lead, you would:

• Research transactional anomalies and analyze information to detect unusual patterns. Understand and monitor fraud patterns on e-channels, and utilize information obtained to implement effective fraud monitoring rules.
• Work with other teams to deliver projects focused on detection of suspicious or fraudulent transactions. 
• Track various compliance monitoring metrics, and implement fraud rules on E-channels and card transactions monitoring solutions. Monitor and update fraud rules based on fraud trends.
• Monitor customers’ accounts and transactions to determine those with high fraud risks.
• Ensure suspicious transactions are flagged for additional reviews, and liens are placed on fraudulent inflows. 
• Identify and ensure fraudulent accounts are blocked or restricted from carrying out transactions. 
• Report fraudulent outflows to beneficiary financial institutions and collaborate with external parties, including law enforcement agencies and courts to salvage stolen funds.
• Communicate fraudulent outflows/inflows to the Fraud Investigation & Prosecution Team for detailed investigation.

Qualifications

• Bachelor's Degree in a relevant field (such as Business, Statistics, Mathematics, Economics, Computer Science, IT, etc.).
• An advanced degree and relevant certifications (PMP, Prince2, CAMS, CFE) is preferred.

Experience: 

• 8-10 years experience in IT projects management, E-channels transaction monitoring, fraud solutions management, internal control, information security, card operations, retail banking operations in the Banking, Finance, or FinTech industries. A combination of any two or more experience(s) is a strong advantage. 

Competencies:

• Strong understanding of E-channel transaction trend analysis and project management.
• Knowledge of risk management principles and practices.
• Excellent analytical and problem-solving skills.
• Strong communication and interpersonal skills.
• Attention to detail and good appreciation of system audits
• Knowledge of banking or FinTech industry regulations or standards may be necessary.

Application Closing Date
Not Specified.