Associate, Fraud Risk

Flutterwave was founded on the principle that every African must be able to participate and thrive in the global economy. To achieve this objective, we have built a trusted payment infrastructure that allows consumers and businesses (African and International) to make and receive payments in a convenient borderless manner.

The Role: Flutterwave is looking for a Fraud Risk Associate whose primary responsibility will be to manage all facets of fraud/brand detection and prevention for the Company.

What Your Day-to-Day Activities Will Be Like:

• Daily reviews and investigation of alerts to determine if there is a potential suspicious transaction involved. In addition, assess if there is anything else unusual about a transaction, particularly based on experience of previous transactions
• Design and implementation of rules in the fraud monitoring systems
• Continuous review and monitoring of fraud rules in the fraud monitoring systems, including leading rule optimization efforts
• Lead efforts to mitigate Flutterwave’s exposure to defaults by conducting thorough investigations into potentially fraudulent transactions or brand-related violations flagged by internal systems.
• Monitor and carry out comprehensive chargebacks monitoring across risk monitoring tools, transaction data to ensure no suspicious incident goes unnoticed and/or unactioned

• Monitor Merchant transactions and accounts for fraudulent activities including identity theft, account take over, friendly fraud, and other identified risks
• Monitoring of merchants with chargeback and recurring chargeback above set thresholds to ensure chargebacks exposure are below scheme thresholds as captured in the chargeback dashboard and other monitoring tools

• Perform daily reviews web crawling published alerts to identify merchants violating BRAM/GBPP, transaction processing rules, and other card scheme rules.

• Effectively communicate with appropriate authorities to resolve fraud/brand risks concerns. 

• Collaborates with internal stakeholders such as Compliance, Account Management, Products, KYC and CX etc, to achieve effective Fraud/Brand performance monitoring

• Prompt and effective merchant engagement on all fraud/brand related risks cases as it concerns them, for prompt resolution and feedback.

• Customer advisory service as it concerns fraud/brand claims and enquiries. 

• To support and ensure fraud/brand risks related cases are communicated to Relationship Managers respectfully for prompt resolution.

• Provide quality ideas and suggestions for fraud and brand performance improvement projects, thereby strengthening existing risk management processes and procedures.
• Support the risk operations team during external and regulatory audits.
• Ensure personal information of Flutterwave’s customers, employees, and other individuals/entities is processed and protected in line with applicable data privacy policies, laws, and global best practices.
• Any other associated duties required from time to time to meet the team responsibilities and organisational goals
  

Required competency and skillset to be a waver:

• 3-4 years of experience in fraud risk management, including transaction monitoring, fraud investigation and fraud rules design.
• Knowledge of card processing, payment fraud prevention/detection techniques, and brand risk management
• Detail oriented with excellent research, organizational, and problem-solving skills
• Ability to explain complex issues and present technical information clearly
• Excellent organizational, communication, presentation, and interpersonal skills
• Technical proficiency in the use of office tools and Google officesuite
• Ability to navigate databases and utilize SQL to conduct analytics and rule design/rule optimization
• Strong data analytics and problem -solving skills
• Good customer service skills to include diffusing upset customers.
• Creative problem solving skills

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