Fraud Lead at Kalshi

New York, New York, United States

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, Fintech, Prediction MarketsIndustries

Requirements

5+ years of experience in fraud risk
Deep understanding of payment methods (ACH, cards, digital wallets) and associated risk vectors
Knowledge of AML, KYC, and money movement risk frameworks
Proven ability to collaborate across engineering, compliance, and product organizations
Analytical and execution-focused mindset: comfortable moving between hands-on investigation and strategic planning
Combines strong data skills with the ability to translate complex models into actionable fraud strategies
Bonus: experience building fraud systems from scratch or working in a regulated environment
Bonus: Strong proficiency in SQL and Python with experience in data modeling
Bonus: expert knowledge about available third party KYC, transaction monitoring, and other vendors and solutions for fighting fraud

Responsibilities

Design and implement systems to detect and mitigate payment, account, and market manipulation fraud
Evaluate, select, and integrate fraud vendors and tools through SDKs and APIs to enhance detection and automation
Analyze transactional and behavioral data to identify risk signals and develop automated controls
Collaborate with product, compliance, and engineering teams to balance safety, compliance, and UX
Lead incident response, investigations, and root-cause analysis of fraud cases
Build and manage the fraud roadmap: develop monitoring frameworks, rules engines, and detection models
Establish key KPIs (fraud loss rate, false positive rate, time to detection) and report regularly to leadership
Partner with growth and product teams to minimize friction for legitimate users while preventing abuse
Stay ahead of evolving fraud typologies in fintech, trading, and digital asset ecosystems

Skills

Key technologies and capabilities for this role

fraud detectionpayment fraudaccount fraudmarket manipulationrisk analysisbehavioral analysistransactional dataSDK integrationAPI integrationfraud preventiondata analysisautomated controlsvendor evaluation

Questions & Answers

Common questions about this position

What experience is required for the Fraud Lead role?

Candidates need 5+ years of experience in fraud risk, deep understanding of payment methods like ACH, cards, and digital wallets with their risk vectors, and knowledge of AML, KYC, and money movement risk frameworks.

What does the company culture look like at Kalshi?

Kalshi hires really talented people, works really hard, and enjoys the climb, focusing on building a new category in prediction markets with ambitious and exceptional team members.

Is the Fraud Lead position remote or office-based?

This information is not specified in the job description.

What is the salary or compensation for this role?

This information is not specified in the job description.

What makes a strong candidate for the Fraud Lead position?

A strong candidate has proven ability to collaborate across engineering, compliance, and product teams, along with an analytical and execution-focused mindset comfortable with hands-on investigations and strategic planning, combining strong data skills.

Kalshi

Regulated exchange for event contracts trading

About Kalshi

Kalshi operates as a regulated exchange where traders can speculate on the outcomes of various events through a unique product called 'event contracts.' These contracts allow investors to bet on whether specific future events will happen, such as changes in Covid-19 statistics or legislative decisions in Congress. The platform expands the traditional futures market by addressing new economic risks, making it accessible to both individual investors and institutional traders who want to hedge or speculate on significant events. Kalshi earns revenue by charging transaction fees on trades made on its platform. What sets Kalshi apart from its competitors is its regulatory approval from the Commodity Futures Trading Commission (CFTC), which allows it to offer this new asset class in a compliant manner.

New York City, New YorkHeadquarters

2019Year Founded

$29.3MTotal Funding

DEBTCompany Stage

Fintech, Financial ServicesIndustries

201-500Employees

Benefits

Company Equity

Risks

Emerging competitors like Polymarket could draw users away from Kalshi.

Legal challenges may arise over event contracts being seen as gambling.

Volatility in political events could lead to financial losses for Kalshi's users.

Differentiation

Kalshi is the first US federally regulated exchange for event contracts.

Kalshi offers unique exposure to specific events, unlike traditional stocks or bonds.

Kalshi's platform is backed by prominent investors like Sequoia and Charles Schwab.

Upsides

Growing interest in event-driven trading boosts Kalshi's market potential.

Advancements in AI enhance prediction accuracy on Kalshi's platform.

Increased regulatory clarity encourages more financial institutions to use Kalshi.

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