Head of Fraud Prevention

Region: Luxembourg (country)
Function: In-House, Compliance
Environnement: Company
Legal subjects: Financial regulatory
Job Type: Full time
Contract Type: Permanent contract
Your ref.: CCA138

Greenfield is looking for a Head of Fraud Prevention to join an electronic money institution  with a sizeable European footprint.

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Really great (exclusive) opportunity that we’re pleased to share: electronic money institution with a sizeable European footprint and a substantial capacity to continue their expansion who have established a full-suite Luxembourg operation in late 2018. This is a highly entrepreneurial organisation where the founders play a full and visible role in the development of the business, that said this is not a start-up, the organisation is already the no1 market leader in the country of founding, where it has already c.half-million consumers. With a solid reputation and industry leading funding, they are now embarking on further European expansion paving the way for a future IPO.

The head of fraud will play a pivotal role in the ongoing development of the organisation’s corporate fraud monitoring platform. The incumbent will work seamlessly with the senior management of the firm; acting as the key representative of the organisation leading fraud monitoring and controls on a European wide basis.

The role – not exhaustive:

• Acting as subject matter expert the key fraud risks, ensuring these are adequately identified, assessed and managed

• Take responsibility for the company’s fraud mitigation approach and related execution.

• Leading the design, vision of fraud mitigation to enable business scalability and allow the business to grow and accelerate

• Work closely with both customers and developers; aiming to design and improve internal tools, such as transaction monitoring, and processes

• Continuously challenge the underlying assumptions of fraud monitoring: lead regular fraud loss trend analysis to identify themes and problems, assuring that models are reliable, perform adequately and are compliant with internal policies and external regulations.

• Build a network of contacts with other PSPs and law enforcement agencies in order to cooperate in prevention, investigations and loss recovery

• Interact with senior management, committees, auditors, etc, in which your reporting, insight and recommendations will be discussed and challenged.

The Profile:

You will have the capacity and desire to own the group fraud prevention function

• Experience: you will ideally be coming from large scale and well-developed financial institution: banking, fintech or another complex high-volume transaction operation where you have had direct exposure to the fraud strategy and management.

• Proven success in delivering processes and operations improvement, including the re-shaping of current company’s practice

• You will have a quantitative mind-set and most likely such education; you will love to make sense of complex data

• Your data-driven mindset and strong ability will enable you to identify trends and behaviors to enhance anti-fraud systems and controls

• Ability to provide intellectual rigor to risk assessment, development of solutions and decision making

• Willingness to take on new responsibilities and challenges and to work under pressure in an extremely fast-paced environment, in team and autonomously

• Strong awareness of the latest technologies, international best-practices and trends related to fraud prevention

• Knowledge of KYC best practices, SEPA and PSD2 regulations

• Computational skills such as SQL and Python

• Fluency in English is essential, Italian and or German are considered highly beneficial.

This is an abridged description of the opportunity and the organisation in question


Further details will be forthcoming upon a suitable application. Greenfield has been mandated as the single search partner for this appointment. All interest or applications should be made directly to Theodore Saltavareas (theodore@greenfield.lu)

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See also other jobs in the same functions: In-House , Compliance

See also other jobs in the same specialisation: Financial regulatory

See also other jobs in the same functions and regions: In-House (Luxembourg (country)) , Compliance (Luxembourg (country))

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