Company Overview

We are looking for hard-working, fun-loving, values-driven, self-starters to join us in building Gigbanc – Africa’s best neobank for remote workers and creators. We offer a fast, low-cost, reliable, way for African remote workers and creators to receive and send money from/to foreign clients and other individuals and easily store and exchange between multiple currencies. Our target customer is a freelancer, remote worker, digital nomad, or creator who is 20-35 years old, living in Africa and working for foreign clients or serving a global audience. We seek to provide a truly enjoyable customer experience through thoughtful UI/UX design and best-in-class customer service. We also aim to enable our customers to build strong financial health through a suite of value-added products including bill payment, credit, insurance, investing, and more. At Gigbanc, we care deeply about our people and we are building a company where everyone feels included and empowered to thrive as the best possible version of themselves, both inside and outside the workplace. We have recently built our high-fidelity figma prototype, secured strategic partnerships, raised an angel round, and are now shifting gears towards building our MVP and launching in Nigeria by the end of the year.

A few facts about the founders:

• Paul Omoregie Okundaye (CEO): Nigerian; Harvard MBA, Ivey HBA; Led digital banking growth strategy for top-10 North American bank as a Management Consultant at Bain; led product development and new market entry as a Growth Strategy and M&A Manager at Microsoft; and grew last startup to $100K ARR during undergrad.
• Babatope Oni (CTO): Nigerian; Engineering Manager at Fairmoney, Nigeria’s top digital bank; CTO at Gokada, Nigeria’s top motorcycle last-mile delivery and ride-hailing gig economy platform; CTO at a fast-growing Nigerian SME financing startup

Position Overview

Key Responsibilities

We are seeking a dedicated Fraud Risk Manager to join our team and help launch and propel Gigbanc. In this role, you will spearhead all fraud and risk management leading up to and following our initial product launch in Nigeria. A Fraud Risk Manager is responsible for understanding and managing fraud risks that the organization is exposed to, primarily from its user base. You will be expected to understand and systematically categorize potential fraud incidents and develop appropriate response measures to address these threats.As a financial technology company, fraud detection, risk management, anti-money laundering, and combatting the financing of terrorism are critical to our business. You will be the first Fraud Risk hire at our startup and will be responsible for supporting Gigbanc’s product launch and scaling while ensuring we have a robust system to prevent, detect, and respond to fraud. This role comes with the expectation of upward mobility to the senior leadership of the company (dependent upon satisfactory results). Ideally, the successful candidate will grow with the company and play an integral role as we become a pan-African digital banking player.

• Conduct fraud risk assessment on new products and services
• Perform investigation of fraud cases
• Ensure that fraud incidents are managed in a timely manner by analyzing the root cause, and then recommending appropriate actions to avoid reoccurrence as a subject matter expert
• Develop a fraud prevention, detection, and response system
• Maintain a great understanding of our regulatory compliance requirements and ensure the company is compliant
• Review and draft related policies, annual plans, operating or working procedures/manuals
• Perform data analysis and prepare intelligence reports/circulars for management’s review
• Prepare compliance and anti-fraud training materials and participate in the delivery of training
• Respond to inquiries from business units regarding fraud risk management issues

Qualifications

• Proven experience (2+ years) in fraud risk management at a fintech startup in Africa (preferably Nigeria)
• Bachelor’s or Master’s degree in analytics, mathematics, data science, business, or a related field
• Familiar with case investigation, fraud risk controls, regulatory requirements and market practices
• Strong interpersonal, communication, and presentation skills.
• Ability to multi-task and work with minimum intervention or follow-up
• Strong problem-solving, analytical (including qualitative analysis), research, and quantitative skills.
• Strong aptitude for any relevant fraud risk tools
• Self-motivated and able to work under pressure

Benefits

• Competitive compensation package (cash + equity) and fringe benefits
• Opportunity to work at an innovative company with a clear focus on rapid development and value delivery
• Clear trajectory for upward mobility to the senior leadership of the company
• Exposure to cutting-edge technology in an industry with positive social impact
• Inclusive work environment that prioritizes employee well-being and having fun at work
• Flexibility to contribute remotely, enabling a balanced work arrangement.