Context

We are a factoring company currently structuring our Risk function. Our core business is providing financing through API integrations, primarily for receivables generated by marketplaces and SaaS platforms.

We are running a BNPL pilot, which introduces a materially different fraud exposure compared to our existing portfolio.

This mission takes place during a transition period: We are recruiting a Head of Risk and a Fraud Risk Analyst. The freelance engagement is designed to lay the foundations before the permanent team is in place.The freelance engagement is designed to both lay the foundations and actively own the fraud risk function until the permanent team is in place.

The Role

Own and build the fraud prevention function from scratch — combining hands-on operational ownership with structured framework delivery. The goal is not to produce a handover pack and step away, but to run the function in practice while building the tools and documentation the incoming team will inherit.

Deliverables

Four deliverables, sequenced logically:

1. Fraud typology mapping relevant to our business model — supplier fraud, document fraud, identity fraud, collusion, flow manipulation — covering factoring, BNPL and marketplace/SaaS receivables
2. Fraud risk matrix across the full transaction lifecycle: onboarding, credit assessment, financing, repayment
3. Control gap analysis with prioritized recommendations by risk level
4. Operational roadmap for Risk, Data, Product and Operations — concrete actions, not principles

• Each deliverable must be directly usable by internal teams. The objective is a working tool, not a report.

Scope of ownership

Beyond framework delivery, the freelance is expected to actively carry the fraud risk function during the mission period.

This includes:

• Owning fraud monitoring and triage on live flows
• Acting as the internal point of contact for fraud-related questions across Risk, Product, Data and Ops
• Making operational decisions within agreed escalation thresholds
• Feeding real cases and signals back into the framework as it is built

The Project team

• Product Team
• General Counsel and Risk Team
• Data Team
• Ops Team

Qualifications 🎓

5 to 10 years of experience. The key criterion is not years — it is whether the person has already built a fraud framework from scratch, not just operated an existing one.

Ideal background

• Fintech, PSP, BNPL or B2B marketplace
• Proven experience owning fraud prevention end-to-end — framework design and operational executionProven experience designing fraud prevention frameworks, not only running fraud operations
• Strong knowledge of B2B fraud typologies: supplier fraud, invoice fraud, document fraud, collusion
• Comfortable working across Product, Data and Operations

Relevant current or recent titles

• Fraud Risk Manager
• Fraud Strategy Lead / Fraud Prevention Lead
• Senior Fraud Analyst (with framework-building experience)
• Fraud Risk Consultant (independent or boutique) — provided they have operated the function, not only advised on it.

Technical skills

• Fraud scenario modelling
• Control matrix design
• Familiarity with detection rules and fraud monitoring tools
• Ability to collaborate with data and product teams

What will make the difference

• Pedagogy — the mission requires knowledge transfer to internal teams, not just delivery
• Pragmatism — we need operational outputs, not theoretical frameworks
• Cross-functional confidence — ability to constructively challenge Product on BNPL journey design
• Ownership mindset — comfortable being accountable for outcomes, not just recommendations

Duration

10 to 15 weeks, 2/3 days per week, structured in three phases:

Phase 1 — Weeks 1-3 / Immersion and diagnosis

• Review of existing portfolio and historical cases
• Interviews with Risk, Product, Data and Ops
• First draft of fraud typology mapping

Phase 2 — Weeks 4-7 / Framework construction

• Fraud risk matrix across the full lifecycle
• Control gap analysis
• Working sessions with Product on BNPL journey design
• Collaboration with Data on detection feasibility

Phase 3 — Weeks 8-12 / Consolidation and handover

• Operational roadmap finalized
• Restitution sessions with each team
• Full documentation packaged for incoming Head of Risk and Fraud Analyst

Weekly check-ins with the General Counsel and Product Manager throughout the mission.