Soma Capital Portfolio Jobs

Fraud Analyst - India



IT, Accounting & Finance
Posted on Wednesday, October 4, 2023

Grey is building inclusive global banking for individuals and businesses across emerging markets. We help customers own US, UK, and EU bank accounts (irrespective of wherever they are in the world), to enable them to send, receive, save, and spend foreign currency easily.

With over 700k+ customers acquired, we believe we're building one of the fastest-growing fintechs in emerging markets. Our product is live to customers in 80+ countries (across 4 continents) and we're processing millions of dollars everyday. We’ve raised over $2M from YCombinator, SomaCap, TRUE Capital, Ingressive Capital, and other high-profile investors.

We're an agile startup focused on building an amazing & reliable product, shipping and iterating quickly, and deepening our product market fit. We’re looking for high-agency people to help us achieve our vision - to make globalization work for everyone. We're a fully remote company with staff in the US, UK, Canada, Portugal, Germany, India, Ghana, Tanzania, Nigeria, and Rwanda.

We are looking for a highly analytical and detail-oriented Fraud Analyst to join our team. In this role, you will be responsible for identifying and investigating fraudulent activities, analyzing data to detect patterns and trends, and implementing strategies to prevent fraud.

What you will be doing:

Transaction Monitoring

  • Monitor real-time transactions and account activities for suspicious or irregular patterns.
  • Use advanced fraud detection tools and methodologies to identify potentially fraudulent transactions.

Investigation and Analysis

  • Conduct thorough investigations into suspected fraudulent activities.
  • Analyze transaction data, customer behavior, and other relevant information to determine the legitimacy of activities.

Fraud Prevention

  • Develop and implement strategies to prevent fraud, including the enhancement of fraud detection rules and algorithms.
  • Collaborate with product and engineering teams to improve fraud prevention features and controls.

Reporting and Documentation

  • Document all investigative findings, actions taken, and outcomes.
  • Prepare and submit regular reports on fraud trends and mitigation efforts.


  • Work closely with cross-functional teams to ensure a unified approach to fraud prevention.

Continuous Learning

  • Stay updated on emerging fraud trends, tactics, and technologies.
  • Attend training sessions and conferences to enhance fraud detection and prevention skills.

You will be a good fit if you have:

  • Bachelor's degree in a relevant field (e.g., Finance, Business, Computer Science, or related).

  • 2 years of experience in fraud detection and prevention within the fintech or financial industry.
  • Strong understanding of fraud schemes, patterns, and methodologies.
  • Proficiency in using fraud detection tools and platforms.
  • Analytical mindset with excellent problem-solving skills.
  • Effective communication and teamwork abilities.
  • Knowledge of regulatory compliance related to fraud prevention is a plus.


🚀 Stock options

🔆 Flexible working hours

🔝 Remote friendly

🩺 Health Insurance

👨🏾‍🏫 Training Budget

😎 Team building events

🚀 Yearly offsite