Director, Loan Fraud Prevention

Sunbit; Los Angeles (CA); Remote; USD 90,000 - 150,000; Full time

Job summary

Join a forward-thinking company as the Director of Loan Fraud Prevention, where you'll lead the charge in developing and executing innovative strategies to protect our Buy Now, Pay Later loan portfolio. This role is pivotal in ensuring the security of loans while collaborating with diverse teams to implement effective fraud prevention measures. With a commitment to continuous improvement and data-driven decision-making, you will help shape the future of financial technology. If you're a proactive leader with a passion for safeguarding customer interests and driving strategic initiatives, this is the perfect opportunity for you.

Benefits

Competitive pay and stock options

Health Insurance options

401K Plan with Matching

Open door policy

Team based strategic planning

Qualifications

• 7+ years in fraud prevention at a fintech consumer lending company.
• Deep knowledge of fraud prevention strategies and solutions.

Responsibilities

• Develop and optimize fraud prevention programs for BNPL loans.
• Measure effectiveness of fraud prevention efforts through data analysis.

Skills

Fraud Prevention Strategies

Data Analysis

Risk Management

Collaboration

Strategic Thinking

Education

Bachelor's Degree

Master's Degree (preferred)

Tools

Fraud Prevention Technologies

Job description

JOB TITLE: Director of Loan Fraud Prevention

LOCATION: Remote, US

REPORTS TO: Head of Fraud Prevention

The Company:

Sunbit builds financial technology for real life. Our technology eases the stress of paying for life’s expenses by giving people more options on how and when they pay. Founded in 2016, Sunbit offers a next-generation, no-fee credit card that can be managed through a powerful mobile app, as well as a point-of-sale payment option available at more than 16,000 service locations, including 1 in 3 auto dealerships, optical practices, dentist offices, veterinary clinics, and specialty healthcare services. By introducing a flexible way to pay over time, we are proud of our ability to lift up service providers and retailers while helping consumers when necessary expenses arise... regardless of whether they were expected or unexpected. Sunbit was included on the 2022 Inc. 5000 list. The financial technology company has also been named as a Most Loved Workplace, Best Point of Sale Company, and as a Top Fintech Startup by CB Insights. We use cutting-edge innovations in financial technology to bring leading data and features that allow individuals to be qualified instantly, making purchases at the point-of-sale fast, fair and easy for consumers from all walks of life. We create value focused on our core values; we work tirelessly to ensure that Sunbit becomes available to everyone, everywhere.

Sunbit is proud to be recognized on the CB Insights List of Unicorn Companies, with a valuation of $1.1B. (CB Insights)

The Role:

We’re looking for a proactive and seasoned leader to join our team as the Director, Loan Fraud Prevention. In this role, you will take charge of developing and executing the fraud prevention strategy for our Buy Now, Pay Later (BNPL) loan portfolio.

You’ll be the key driver behind ensuring the security of our loans, leveraging your expertise to create and implement solutions that will help protect our business and customers. You will own the fraud prevention strategy, manage our customer identification program, work closely with fraud prevention vendors, and benchmark our efforts against industry standards to continuously improve.

Requirements:

What You’ll Be Doing:

• Fraud Prevention Program Ownership: Take charge of the development, implementation, and optimization of fraud prevention programs tailored to the BNPL loan portfolio.
• Process Improvement & Best Practices: Continuously improve fraud prevention processes, establish industry benchmarks, and implement best practices to reduce risk and enhance operational efficiency.
• Strategy Adjustment & Optimization: Regularly assess and refine the fraud prevention strategy based on performance metrics, emerging trends, and industry standards.
• Data-Driven Effectiveness Measurement: Measure the effectiveness of fraud prevention efforts through data analysis, ensuring that fraud mitigation strategies align with business goals and achieve measurable results.
• Strategic Initiatives Leadership: Drive strategic initiatives to strengthen fraud defenses while supporting business growth and development, ensuring the organization stays ahead of evolving fraud risks.

What You Bring to the Table:

• 7+ years of experience leading fraud prevention efforts at a fintech consumer lending company, ideally in a BNPL environment.
• Deep knowledge of fraud prevention strategies and the latest solutions in the industry, with a proven ability to adapt and scale strategies for a fast-growing company.
• Experience optimizing and integrating fraud prevention technologies to enhance efficiency and mitigate risk.
• Proven experience collaborating with diverse teams, including Risk Management, Compliance, Product, Engineering, and Operations, to create and execute cohesive fraud prevention strategies.
• Strong relationship-building skills, with a proven ability to influence senior leadership, stakeholders, and cross-functional teams to prioritize and implement fraud prevention strategies.

The Perks:

• Join one of LA’s fastest growing startups (2023), A Most Loved Workplace, #576 on the 2023 Inc 5000 list, and Forbes Fintech 50 (2024), #161 on Deloitte Technology Fast 500 list.
• Mission driven + empowered + collaborative.
• Competitive pay and stock options.
• Health Insurance options including Medical, Dental, Vision, Life, EAP, FSA, & Maternity Leave.
• Newly added HSA and Pet Insurance.
• 401K Plan with Matching.
• Open door policy / Open office floor plan.
• Team based strategic planning + Team owned deliverables.

Cultural Competencies for Success at Sunbit:

• Serve others before self: Service oriented mindset.
• Own the impact: Strong organizational and time management skills with the ability to prioritize effectively.
• Connect genuinely: Engage and build strong relationships with key stakeholders and other teams across the organization.
• Act fast: Thrive in a fast-paced environment while maintaining high level of support.
• Include always: Work closely with Account Coordinating team and actively welcome peers within the organization.
• Innovate for good: Continuously help our internal team create efficient processes.

Sunbit is an Equal Opportunity Employer. We strive to provide a professional & welcoming workplace for all employees.

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