iwoca
FinServ
FraudStrategyLead
Neural analysis suggests this role is
optimal for Mid+ candidates.
“Fraud Strategy Lead at iwoca. Skills: Fraud strategy, Transaction profiling, Automated fraud models, Risk appetite, Credit policy, Model governance, Seller counterparty risk. Own the fraud strategy agenda for a B2B payment product.. Design transaction profiling strategies.”
What You'll Achieve.
Keep loss rates inside tolerance.; Achieve high straight-through approval rates.; Shape loss rates, approval volumes, and the pace at which a new product scales.
Industry & Context.
Challenge, tune, and evolve risk frameworks.; Applying judgement to ensure accuracy, risk awareness, and sound outcomes.
What They're Looking For.
Must Have
Portfolio ownership: You have managed or materially contributed to a credit portfolio of £10 million or more, with accountability for fraud and/or credit loss performance against a defined risk appetite., Experience delivering fraud strategy in a digital lending, fintech, or payments context, focusing on transaction profiling over manual reviews., Experience with B2B-specific fraud typologies, such as buyer impersonation, fictitious invoices, or merchant collusion., Experience managing fraud loss rates against high-velocity transaction volumes, balancing fraud prevention with customer friction to achieve high straight-through approval rates., Ability to monitor and evaluate automated fraud models, assessing feature quality and guiding data scientists without necessarily needing to build models yourself., Ability to collaborate across engineering, data science, and product, translating fraud trade-offs into commercial decisions that non-specialists can act on., Background in mathematics, statistics, economics, or a related quantitative discipline, allowing you to challenge, tune, and evolve risk frameworks., Uses AI tools to support analysis and decision making, applying judgement to ensure accuracy, risk awareness, and sound outcomes.
Nice to Have
Experience at a B2B pay-later or trade credit business., Experience assessing seller counterparty risk or merchant risk in a payments or embedded finance context., Experience building or scaling a risk function during a period of significant product change or volume growth.
What You'll Do.
Own the fraud strategy agenda for a B2B payment product.
Design transaction profiling strategies.
Monitor automated fraud models.
Give a small team direction and context to act on data.
Shape how the fraud function is built.
Close the gap between analytical and operational sides of risk.
Establish real-time automated decisioning.
Define risk appetite.
Set modelling priorities.
Evaluate automated fraud models.
Work across product and engineering to turn analytical trade-offs into commercial decisions.
Build up frameworks for a new invoice finance product.
Define standards for models.
Judge whether models meet standards.
Present a forward-looking strategy to leadership.
How You'll Work.
Team & Collaboration
Collaborate across engineering, data science, and product.; Work closely with iwoca's Risk Modelling team and the broader technical and data science functions.; Work across product and engineering to turn analytical trade-offs into commercial decisions others can act on.
Communication Scope
Translating fraud trade-offs into commercial decisions that non-specialists can act on.; Present a forward-looking strategy that tells Co-Leads and wider leadership what to sequence next.
Full Job Description
FRAUD STRATEGY LEAD – IWOCAPAY We're looking for a Fraud Strategy Lead You'll own the fraud strategy agenda for a B2B payment product that is changing how it delivers digital trade credit. You will design transaction profiling strategies, monitor automated fraud models, and give a small team the direction and context to act on what the data tells us. The company Small businesses move fast. Opportunities often don’t wait, and cash flow pressures can appear overnight. To keep going, and growing, SMEs need finance that’s as flexible and responsive as they are. That's why we built iwoca. Our smart technology, data science and five-star customer service ensures business owners can act with the speed, confidence and control they need, exactly when it's needed. We’ve already cleared the way for 100,000 businesses with more than £4 billion in funding. Our passionate team is driven to help even more SMEs succeed, through access to better finance and other services that make running a business easier. Our ultimate mission is to support one million SMEs in their defining moments, creating lasting impact for the communities and economies they drive. The team iwocaPay is iwoca's B2B payment product. It lets business buyers pay on trade credit terms while sellers receive payment upfront. The risk squad manages the loss exposure that sits beneath that model: credit risk, fraud and financial crime, disputes, and payment operation failures such as chargebacks. At the moment, the squad runs largely on operational controls. That works, but it means the analytical and operational sides of risk function independently of each other. We are building the capacity to change that – better predictive analytics, a consistent monitoring framework, and an overarching risk strategy. The squad sits within iwocaPay but works closely with iwoca's Risk Modelling team and the broader technical and data science functions. The role As Fraud Strategy Lead, you'll shape how the fraud function is built. Th
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