Job Vacancy: Fraud Prevention Officer

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Job Vacancy: Job title: Fraud Prevention Officer

Job description: About Moniepoint

Everyone has a dream, and achieving that is key to their happiness. Moniepoint Inc is on a mission to provide financial happiness for people of the world by powering the dreams of businesses, their employees and customers. Since 2015, we have grown to 1500 employees and process over $100 billion annually for 1.8 million merchants through our all-in-one digital financial services platform. Moniepoint Inc through its subsidiaries which include Moniepoint MFB and TeamApt ltd offers payments, banking, credit and business management tools. We currently process the majority of the POS transactions in Nigeria and are Africa’s second-fastest-growing fintech.

About the Fraud Prevention Officer 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.
  • 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.
  • 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.
  • Ensure that all security and control gaps are tracked and effectively closed in a timely manner.


  • 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.


  • 3-5 years 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.


  • 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

Location: Lagos, Lagos State

Job date: Sat, 02 Dec 2023 01:38:20 GMT

Apply for the job now!

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