At a Glance
- Tasks: Lead fraud detection and prevention strategies to protect our customers and operations.
- Company: Join an innovative fintech startup focused on financial inclusion and credit building.
- Benefits: Competitive salary, health insurance, flexible hardware choices, and 28 days holiday.
- Other info: Dynamic environment with opportunities for professional growth and regular team meals.
- Why this job: Make a real impact on financial wellness for underserved communities while facing exciting challenges.
- Qualifications: 5+ years in fraud management, strong analytical skills, and knowledge of fintech.
The predicted salary is between 60000 - 75000 £ per year.
About Bits: Bits is an innovative fintech startup focused on empowering individuals to build credit and achieve financial wellness. Backed by renowned investors, we have developed cutting-edge solutions for credit building that promote financial inclusion for those who have traditionally been underserved by financial institutions.
About the Role: We are looking for a skilled and proactive Fraud Manager to join our team. In this role, you will be responsible for overseeing the fraud detection and prevention strategies for our credit products. You will lead efforts to identify, investigate, and mitigate fraud risks while implementing effective fraud management frameworks that align with our business objectives. Your expertise will be critical in protecting our customers and the integrity of our operations. You will monitor, detect, and investigate potentially fraudulent activities, focusing on various fraud types, including known customer fraud, third-party fraud, merchant fraud, and account takeovers. Your role will also encompass management of daily KYC reviews, updating financial crime policies, and managing CIFAS reports.
Requirements:
- 5+ years of experience in fraud management or prevention within the fintech or financial services industry
- Bachelor's degree in a relevant field is preferred
- Strong knowledge of fraud detection tools, techniques, and methodologies
- Proven ability to analyse data and identify fraudulent patterns or activities
- Experience developing and implementing fraud prevention strategies
- Excellent analytical, critical thinking, and problem-solving skills
- Strong communication and interpersonal skills
- Familiarity with KYC and AML regulations is a plus
- Ability to work collaboratively with cross-functional teams
- Knowledge of fintech industry and credit operations is a plus
- Excellent analytical and problem-solving skills
- Knowledge of financial services and products is a plus
Benefits:
- Impactful Work: You'll play a key role in scaling our platform to support the next million Bits users, contributing to a product that's changing lives
- Dynamic Environment: Forget the mundane. You'll be in a role where your priorities shape your path, and every day brings a new challenge
- Perks that Make You Smile: Competitive market salary, and health insurance
- Choose your hardware
- Opportunities for professional development and career growth
- 28 days holidays/year incl. UK/England public & bank holidays
- Regular team meals
- The chance to make a significant impact on financial inclusion and credit building for underserved communities.
Interview Process:
- A quick introductory call
- A short take home technical challenge
- A final round to discuss your skills, introduce you to our CEO and founder, plus other members of the team and business, and answer any questions you might have
And if there's something else you desire within reason, we're all ears. We want you to be happy, fulfilled, and proud to be part of the Bits family.
Fraud Manager employer: Bits
Bits is an exceptional employer that fosters a dynamic and innovative work culture, perfect for those passionate about fintech. Located in the vibrant Greater London area, we offer our employees unique growth opportunities, mentorship from industry leaders, and the chance to make a real difference in customers' financial well-being. Join us to be part of a collaborative team where your ideas are valued and your career can flourish.
StudySmarter Expert Advice🤫
We think this is how you could land Fraud Manager
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Bits. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Fraud Manager
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Bits.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Bits's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Bits
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Bits.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Bits will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Bits employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
