Director of Loan Fraud Prevention

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Job Overview

The job title is Director of Loan Fraud Prevention at Sunbit, a financial technology company known for innovative products like a no-fee credit card and point-of-sale payment solutions. The position is remote in the United States, reporting directly to the Head of Fraud Prevention. Sunbit aims to alleviate financial stress for consumers by providing options for managing their expenses. Since its inception in 2016, Sunbit has grown rapidly, being recognized on the 2022 Inc. 5000 list, the CB Insights List of Unicorn Companies, and multiple other accolades.

Company Background

Sunbit specializes in financial technology that caters to real-life financial needs, allowing consumers to manage their payments flexibly. With a valuation of $1.1 billion, they are poised as a leader in their sector, enabling consumers to easily pay over time. The organization is not just a fast-growing startup but also values a workplace culture described as mission-driven, collaborative, and empowering.

Role Responsibilities

The individual will be primarily responsible for:

  • Fraud Prevention Program Ownership: Leading the development and execution of comprehensive fraud prevention strategies specifically designed for the Buy Now, Pay Later (BNPL) loan portfolio.

  • Process Improvement & Best Practices: Continuously improving fraud prevention processes while benchmarking against industry standards to enhance operational efficiency.

  • Strategy Adjustment & Optimization: Regularly fine-tuning the fraud strategies by leveraging performance metrics and analyzing emerging trends.

  • Data-Driven Effectiveness Measurement: Analyzing data to measure the effectiveness of fraud prevention initiatives and ensuring alignment with business goals.

  • Strategic Initiatives Leadership: Spearheading strategic initiatives aimed at fortifying fraud defenses and thus supporting business growth.

Required Skills

Candidates should fulfill the following requirements:

  • Experience: At least 7 years in leading fraud prevention efforts, particularly within a consumer lending context and ideally in BNPL.

  • Expertise in Fraud Prevention: Familiarity with current fraud prevention strategies and solutions within the industry and the capability to adapt them according to company growth.



  • Technological Integration: Proficient in integrating and optimizing fraud prevention technologies for greater efficiency and risk mitigation.

  • Collaboration Skills: Proven experience working with multifunctional teams, including Risk Management, Compliance, Product, Engineering, and Operations.

  • Relationship Management: Strong skills in relationship-building, especially with senior leadership and multiple stakeholders.

Compensation and Benefits

Although specific salary ranges are not disclosed in the summary, the position offers competitive pay along with stock options. Other benefits include:

  • Options for Health Insurance, including Medical, Dental, and Vision.
  • Life Insurance, EAP, FSA, and Maternity Leave options.
  • Newly included HSA and Pet Insurance.
  • A 401K plan with matching contributions.
  • Casual work attire and an open office plan that fosters interaction and communication.
  • A supportive environment focused on cultural competencies, such as serving others first, owning one's impact, and innovating for good.

Work Environment

Sunbit prides itself on its inclusive and welcoming workplace culture, encouraging employees to thrive in a fast-paced environment. The company espouses an open-door policy and emphasizes team-based strategic planning, meaning all employees have a stake in shaping the direction of their work and its impact.

Conclusion

In conclusion, the role of Director of Loan Fraud Prevention at Sunbit offers individuals an opportunity to lead fraud prevention in a rapidly growing fintech company, further enhancing their career in a crucial area of financial services. With its robust culture and strong emphasis on professional development, it stands out as an attractive opportunity for candidates with relevant experience and a passion for improving financial safety and security.



This job offer was originally published on himalayas.app

Sunbit

Remote, US

Operations

Full-time

February 6, 2025

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This job offer summary has been generated using automated technology. While we strive for accuracy, it may not always fully capture the nuances and details of the original job posting. We recommend reviewing the complete job listing before making any decisions or applications.