Fraud Analyst

Company

Payfare is a global financial technology company powering digital banking and instant payout solutions for today’s workforce. Payfare partners with major platforms (Lyft, DoorDash, Uber and more) in the on-demand gig economy to drive financial inclusion and empowerment for next-generation workers.

Payfare’s suite of products include Payfare branded and co-branded mobile banking apps and a debit/prepaid card that allows gig workers to get paid instantly, earn cashback rewards and get access to no-fee banking. Based on a microservice architecture, Payfare’s core platform has proven capabilities of processing high volumes of payments.

Job Overview

We are looking for an experienced Fraud and Risk professional to develop core strategies and controls around Payfare’s digital banking and instant payout solutions. The successful candidate will also take on a hands-on leadership role within the Payfare team to execute on such developed strategies to mitigate fraud risk.

Reporting to

Chief Strategy Officer and Chief Compliance Officer

Roles & Responsibilities

• Support Payfare’s fraud risk management framework and strategy
• Provide subject matter expertise and advisory services to ensure strong internal controls are in place to address and mitigate against fraud
• Lead investigations to identify, assess, manage, respond and report on activity that indicates an exposure to financial crime, including account takeovers
• Create processor-level rules, controls and strategies to detect and prevent transactional fraud and continually monitor them for effectiveness
• Support loss recovery program and potential for chargebacks
• Develop ongoing monitoring and reporting to detect fraud
• Summary reporting and documentation of fraudulent events
• Building effective relationships with internal/external stakeholders to deploy fraud strategy and ensure its effectiveness (ie; working with Technology, Product and Compliance teams, Payfare’s vendors, partners and clients, and law enforcement as required)
• Assess company projects and system improvements, proactively identifying areas of fraud risk and work with stakeholders to develop solutions
• The role requires working on the weekend from time to time.

Qualifications

• University degree graduate
• A minimum of 2+ years of experience in the area of fraud and risk mitigation in Fintech payments or banking industry
• Experience with processor fraud rules and controls to address common payment industry fraud patterns, including enumeration attacks and synthetic identity fraud
• Knowledge of financial and payment products and processes
• Strategic leadership skills with strong analytical and problem-solving skills
• Ability to work on own initiatives and develop practical solutions
• Works independently and regularly handles non-routine situations

Equal Opportunity

Payfare Inc. recognizes the importance of providing an accessible and barrier free environment to succeed. We are committed to fostering an inclusive, diverse and equal opportunity workforce where all employees are valued and respected. If you require an accommodation for any part of the recruitment process, please let us know and we will work with you to meet your needs.

Job Type: Full-time

Benefits:

• Casual dress
• Extended health care
• Wellness program
• Work from home

Work Location: Remote